Activities of Indrek TARAND related to 2015/2044(INI)
Shadow opinions (1)
OPINION on Financing for Development
Amendments (4)
Amendment 11 #
Draft opinion
Paragraph 5
Paragraph 5
5. Stresses that official development assistance remains thea key instrument for financing development and urges the EU and its Member States to re-commit to the 0.7 GNI (Gross National Income) target; highlights, furthermore, the huge potential of private investment - if properly regulated in view of its contribution to development – and the relevance of innovative financial instruments for leveraging such additional resources; also calls for appropriate public- private partnerships, in particular in the field of research related to the Innovative Medicines Initiative such as the Ebola+ programme.
Amendment 12 #
Draft opinion
Paragraph 6 (new)
Paragraph 6 (new)
6. Emphasises the importance of domestic resource mobilisation through improved collection of taxes in developing countries; stresses that tax resources are a more predictable and more sustainable source of financing than foreign assistance; believes that the Union has a key role to play here in terms of supporting developing countries to set up relevant administrative capacities, in fighting tax evasion, transfer mispricing and helping in the recovery of stolen assets;
Amendment 13 #
Draft opinion
Paragraph 7 (new)
Paragraph 7 (new)
7. Urges the European Commission, in a context where it has indicated its wishes to extend considerably the use of blending in future years, to implement the recommendations made by the European Court of Auditors Special Report on the use of blending and to evaluate the mechanism of blending loans and grants, particularly in terms of development and financial additionality, transparency and accountability;
Amendment 14 #
Draft opinion
Paragraph 8 (new)
Paragraph 8 (new)
8. Points out that blending risks leading to a debt bubble, notably in Sub-Saharan Africa and the Caribbean countries with limited revenues to service their debt; accordingly, calls on donors to give the majority of their aid to LDCs in the form of grant;