8 Amendments of Maurice PONGA related to 2009/2150(INI)
Amendment 7 #
Motion for a resolution
Citation 18 a (new)
Citation 18 a (new)
- having regard to the joint resolution adopted by the ACP-EU Joint Parliamentary Assembly on 3 December 2009 in Luanda on the impact of the financial crisis on the ACP countries,
Amendment 14 #
Motion for a resolution
Recital C
Recital C
C. whereas the degaps in regulation of financial market, supervision and control of the financial sector and the deficiencies in the existing surveillance and early warning systems hasve caused a systemic crisis of global dimensions, which requires international compensation and burden sharingrecasting of the existing paradigms,
Amendment 18 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Is acutely aware that the past two years have seen a succession of global crises (food, fuel and financialenergy, climate, financial and economic) which have serious impacts on industrialised and emerging countries, but devastating implications for the poor population groups in developing countries, with over 200 million workers exposed to extreme poverty worldwide and more than a sixth of the world's population suffering from hunger;
Amendment 21 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Calls upon Member States to deliver fully on their ODA commitments, both bilateral and multilateral;
Amendment 28 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Recognises that the degaps in regulation of financial and labour markets, together with the privatisation of public services and social programmes, due to, supervision and control of the financial sector and the unjustified conditionalities imposed on developing countries by the International Fby the financial Iinstitutions (IFIs), proved ineffective inmade it impossible to preventing the crisis, amplifying instead its negative effects; underlines that, contrary to what happened in developed countries, such imposconditions have sharply reduced the capacity of developing countries to react to the economic slowdown through the adoption of fiscal stimulus measures;
Amendment 31 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes on the one hand the improved borrowing facilities for low-income countries provided by the IFIs with a higher level of pro-poor spending and emphasis on poverty reduction and pro- growth spending in developing countries; expresses, however, major concern about the unleashing of a new debt crisis, underlining the paradox that developing countries will be obliged to indebt themselves to tackle a crisis caused by the countries and institutions they will be indebted to, which demonstrates once more the needthreat of a rise in the indebtedness of developing countries and the viability of the debt, and calls for urgent government reforms of the IFIs;
Amendment 37 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Regrets that the financial sector has not yet paid for the consequences offully learned the lessons implicit in theis unprecedented crisis it triggered, despite benefiting from enormous state bailouts; welcomes in this regard the commitment of the G20 leaders at the September 2009 summit in Pittsburgh to ensure that the financial sector compensates for the costs of the crisis so far borne by taxpayers, other citizens and public services in both advanced economies and developing countries;
Amendment 45 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Notes with great concern that developing countries are expected to face a financial gap of between USD 350 billion and USD 635 billion in 2009 and that mounting fiscal distress in the most vulnerable countries is imperilling USD 11.6 billion of core spending in education, health, infrastructure and social protection; advocates therefore a three-year provisional moratorium on debt repayments, including capital and interest, to enable developingthe poorest countries to implement countercyclical fiscal policies to mitigate the severe effects of the crisis; proposes the establishment at international level of an independent and transparent body for debt arbitration;