Awaiting committee decision
Role | Committee | Rapporteur | Shadows |
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Opinion | AFET | ||
Opinion | BUDG | ||
Lead | INTA |
Legal Basis TFEU 212
Activites
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2015/03/10
Indicative plenary sitting date, 1st reading/single reading
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2015/01/15
Committee referral announced in Parliament, 1st reading/single reading
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2015/01/08
Legislative proposal published
- COM(2015)0005
- DG {'url': 'http://ec.europa.eu/trade/', 'title': 'Trade'}, MALMSTRÖM Cecilia
Documents
- Legislative proposal published: COM(2015)0005
Amendments | Dossier |
83 |
2015/0005(COD)
2015/02/26
INTA
43 amendments...
Amendment 10 #
Proposal for a decision Recital 6 (6) The Union’s macro-financial assistance should be an exceptional financial instrument
Amendment 11 #
Proposal for a decision Recital 9 a (new) (9a) On 28 December, the Verkhovna Rada of Ukraine adopted a law in respect of measures to stabilise the balance of payments of Ukraine in accordance with Article XII of the General Agreement on tariffs and trade 1994, which provides for the temporary increase of import duties by 5-10 % for 12 months having damaging effects on the unilateral trade preferences with the Union;
Amendment 12 #
Proposal for a decision Recital 10 Amendment 13 #
Proposal for a decision Recital 12 (12) The Union's macro-financial assistance should aim to support the restoration of a sustainable external financing situation for Ukraine, thereby supporting its economic and social development
Amendment 14 #
Proposal for a decision Recital 14 (14) The Commission should ensure that the Union's macro-financial assistance is
Amendment 15 #
Proposal for a decision Recital 15 Amendment 16 #
Proposal for a decision Recital 16 Amendment 17 #
Proposal for a decision Recital 17 (17) A pre-condition for granting the Union's macro-financial assistance should be that Ukraine respects
Amendment 18 #
Proposal for a decision Recital 23 (23) The Union's macro-financial assistance should be subject to
Amendment 19 #
Proposal for a decision Recital 23 a (new) (23a) High levels of corruption among Ukraine's top officials represents a major obstacle for foreign investment in the country. The private business interests of Ukrainian oligarchs have been influential in policy-making processes, forcing SMEs out of the market.
Amendment 20 #
Proposal for a decision Article 1 – paragraph 1 1. The Union shall make macro-financial assistance available to Ukraine ("the Union's macro-financial assistance") of a maximum amount of EUR 1.8 billion, with a view to supporting Ukraine's economic stabilisation and a substantive
Amendment 21 #
Proposal for a decision Article 1 – paragraph 3 3. The release of the Union's macro- financial assistance shall be managed by the Commission in a manner consistent with the
Amendment 22 #
Proposal for a decision Article 1 – paragraph 3 3. The release of the Union's macro- financial assistance shall be managed by the Commission in a manner consistent with the agreements or understandings reached between the International Monetary Fund (IMF) and Ukraine, and with the key principles and objectives of economic reforms set out in the EU- Ukraine Association Agreement, which requires that the preferential treatment granted to Ukraine is conditional upon Ukraine abstaining from introducing new duties, and the EU-Ukraine Association Agenda agreed under the European Neighbourhood Policy (ENP). The Commission shall regularly inform the European Parliament and the Council of developments regarding the Union's macro-financial assistance, including disbursements thereof, and shall provide those institutions with the relevant documents in due time.
Amendment 23 #
Proposal for a decision Article 1 – paragraph 3 3. The release of the Union's macro- financial assistance shall be managed by the Commission in a manner consistent with the agreements or understandings reached between the International Monetary Fund (IMF) and Ukraine, and with the key principles and objectives of
Amendment 24 #
Proposal for a decision Article 2 – paragraph 1 1. A pre-condition for granting the Union's macro financial assistance shall be that Ukraine respects
Amendment 25 #
Proposal for a decision Article 2 – paragraph 1 1. A pre-condition for granting the Union's macro financial assistance shall be that Ukraine respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights and that the funds are used exclusively for non-military purposes and for purposes which do not intensify the conflict in eastern Ukraine.
Amendment 26 #
Proposal for a decision Article 2 – paragraph 1 1. A pre-condition for granting the Union's macro financial assistance shall be that Ukraine respects effective democratic mechanisms – including a multi-party parliamentary system and the implementation of the anti-corruption legislation as amended – and the rule of law, and guarantees respect for human rights.
Amendment 27 #
Proposal for a decision Article 2 – paragraph 1 – indent 1 (new) - mechanisms to combat corruption within general-government departments and corruption involving general-government departments and private-sector businesses which are in receipt of grants or which have service provider links or partnership arrangements with general-government departments;
Amendment 28 #
Proposal for a decision Article 2 – paragraph 1 – indent 2 (new) - mechanisms based on a multi-party parliamentary system;
Amendment 29 #
Proposal for a decision Article 2 – paragraph 1 – indent 3 (new) - human rights and the right of peoples to self-determination.
Amendment 3 #
Draft legislative resolution Paragraph 2 Amendment 30 #
Proposal for a decision Article 2 – paragraph 1 a (new) 1a. No later than six months after publication of this Decision, the Commission shall submit to the European Parliament and to the Council an assessment of the level of corruption in the instances referred to in paragraph 1 of this Article.
Amendment 31 #
Proposal for a decision Article 2 – paragraph 2 Amendment 32 #
Proposal for a decision Article 2 – paragraph 3 Amendment 33 #
Proposal for a decision Article 3 – paragraph 1 1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Ukrainian authorities on clearly defined economic policy and financial conditions, focusing on
Amendment 34 #
Proposal for a decision Article 3 – paragraph 1 1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Ukrainian authorities on clearly defined
Amendment 35 #
Proposal for a decision Article 3 – paragraph 2 2. The conditions referred to in Paragraph 1 shall aim, in particular, to enhance the efficiency, transparency and accountability of the public finance management systems in Ukraine, including for the use of the Union's macro-financial assistance.
Amendment 36 #
Proposal for a decision Article 3 – paragraph 4 4. The Commission shall verify at regular intervals that the conditions in Article 4(3) continue to be met, including whether the economic policies of Ukraine are in accordance with the objectives of the Union's macro-financial assistance. In so doing, the Commission shall coordinate closely with the
Amendment 37 #
Proposal for a decision Article 3 – paragraph 4 4. The Commission shall verify at regular intervals that the conditions in Article 4(3) continue to be met, including
Amendment 38 #
Proposal for a decision Article 4 – paragraph 3 – subparagraph 1 – point b (b) a continuous satisfactory track record of implementing a policy programme
Amendment 39 #
Proposal for a decision Article 4 – paragraph 3 – subparagraph 1 – point b (b) a continuous satisfactory track record of implementing a policy programme that contains strong
Amendment 4 #
Proposal for a decision Recital 1 Amendment 40 #
Proposal for a decision Article 4 – paragraph 3 – subparagraph 1 – point c (c) the implementation, within a specific time-frame, of
Amendment 41 #
Proposal for a decision Article 4 – paragraph 3 – subparagraph 1 – point c (c) the implementation, within a specific time-frame, of the
Amendment 42 #
Proposal for a decision Article 6 – paragraph 3 – point a a) ensuring that Ukraine regularly checks that financing provided from the budget of the Union has been properly used, introduces the compulsory establishment of risk management and internal control procedures and of administrative bodies to verify the suitability of these procedures and compliance with them, takes appropriate measures to prevent irregularities and fraud, and, if necessary, takes legal action to recover any funds provided under this Decision that have been misappropriated;
Amendment 43 #
Proposal for a decision Article 6 – paragraph 3 – point d d) expressly authorising the Commission and the Court of Auditors to perform audits before, during and after the availability period of the Union's macro-financial assistance, including document audits and on-the-spot audits, such as operational assessments; the results of the audits shall be accompanied by indications of the necessary corrective measures or penalties;
Amendment 5 #
Proposal for a decision Recital 2 (2) Following
Amendment 6 #
Proposal for a decision Recital 3 (3) The
Amendment 7 #
Proposal for a decision Recital 3 (3) The
Amendment 8 #
Proposal for a decision Recital 4 (4) In this context, Ukraine’s external financing needs are substantially larger than initially identified, which might requir
Amendment 9 #
Proposal for a decision Recital 5 (5) The Union has, on various occasions, declared its commitment to support the new Ukrainian authorities in their aims to stabilise the situation and pursue the course of reforms. The Union has also declared its readiness fully to support efforts of the international community and international financial institutions, especially the IMF, with regard to an international assistance package designed to address the urgent needs of Ukraine, conditional on Ukraine's clear commitment to
source: 549.400
2015/02/27
AFET
40 amendments...
Amendment 1 #
Proposal for a decision Recital 3 (3)
Amendment 10 #
Proposal for a decision Recital 17 (17) A pre-condition for granting the Union's macro-financial assistance
Amendment 11 #
Proposal for a decision Recital 17 (17) A pre-condition for granting the Union's macro-financial assistance should be that Ukraine respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union's macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems in Ukraine and to promote structural reforms aimed at supporting sustainable and inclusive growth, employment creation and fiscal consolidation. Both fulfilment of the preconditions and the achievement of those objectives
Amendment 12 #
Proposal for a decision Recital 18 (18) In order to ensure that the Union’s financial interests linked to the Union’s macro-financial assistance are protected efficiently, Ukraine
Amendment 13 #
Proposal for a decision Recital 18 (18) In order to ensure that the Union’s financial interests linked to the Union’s macro-financial assistance are protected efficiently, Ukraine
Amendment 14 #
Proposal for a decision Recital 20 (20) The amounts of the provision required for macro-financial assistance
Amendment 15 #
Proposal for a decision Recital 21 (21) The Union's macro-financial assistance
Amendment 16 #
Proposal for a decision Recital 21 (21) The Union's macro-financial assistance
Amendment 17 #
Proposal for a decision Recital 23 (23) The Union's macro-financial assistance
Amendment 18 #
Proposal for a decision Recital 23 (23) The Union's macro-financial assistance
Amendment 19 #
Proposal for a decision Recital 23 (23) The Union's macro-financial assistance should be subject to economic policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Ukrainian authorities under the
Amendment 2 #
Proposal for a decision Recital 3 (3) The
Amendment 20 #
Proposal for a decision Recital 23 a (new) (23a) High levels of corruption among Ukraine's top officials represent a major obstacle for foreign investment in the country. The private business interests of Ukrainian oligarchs have been influential in policy-making processes, forcing SMEs out of the market,
Amendment 21 #
Proposal for a decision Article 1 – paragraph 1 1. The Union shall make macro-financial assistance available to Ukraine ("the Union's macro-financial assistance") of a maximum amount of EUR 1
Amendment 22 #
Proposal for a decision Article 1 – paragraph 2 2. The full amount of the Union's macro- financial assistance shall be provided to Ukraine in the form of loans. The Commission shall be empowered on behalf of the Union to borrow the necessary funds on the capital markets or from financial institutions and to on-lend them to Ukraine. The loans shall have a maximum maturity of 1
Amendment 23 #
Proposal for a decision Article 1 – paragraph 3 3. The release of the Union's macro- financial assistance shall be managed by the Commission in a manner consistent with the agreements or understandings reached between the International Monetary Fund (IMF) and Ukraine, and with the key principles and objectives of economic reforms set out in the EU- Ukraine Association Agreement, which requires that the preferential treatment granted to Ukraine is conditional upon Ukraine abstaining from introducing new duties, and the EU-Ukraine Association Agenda agreed under the European Neighbourhood Policy (ENP). The Commission shall regularly inform the European Parliament and the Council of developments regarding the Union's macro-financial assistance, including disbursements thereof, and shall provide those institutions with the relevant documents in due time.
Amendment 24 #
Proposal for a decision Article 1 – paragraph 5 5. Where the financing needs of Ukraine decrease
Amendment 25 #
Proposal for a decision Article 2 – paragraph 1 1. A pre-condition for granting the Union
Amendment 26 #
Proposal for a decision Article 2 – paragraph 1 1. A pre-condition for granting the Union's macro financial assistance shall be that Ukraine respects effective democratic mechanisms – including a multi-party parliamentary system and the implementation of the anti-corruption legislation as amended – and the rule of law, and guarantees respect for human rights.
Amendment 27 #
Proposal for a decision Article 2 – paragraph 1 1. A pre-condition for granting the Union's macro financial assistance shall be that Ukraine
Amendment 28 #
Proposal for a decision Article 2 – paragraph 1 1. A pre-condition for granting the Union's macro financial assistance shall be that Ukraine respects effective democratic mechanisms, including a multi-party parliamentary system, fundamental rights and the rule of law, and guarantees respect for human rights.
Amendment 29 #
Proposal for a decision Article 2 – paragraph 2 2. The Commission and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union
Amendment 3 #
Proposal for a decision Recital 6 (6) The Union’s macro-financial assistance
Amendment 30 #
Proposal for a decision Article 3 – paragraph 3 3. The detailed financial terms of the Union's macro-financial assistance shall be laid down in a Loan Agreement to be agreed between the Commission and the Ukrainian authorities. The European Parliament and the Council, in their capacity as the budgetary authority, shall be notified of that agreement.
Amendment 31 #
Proposal for a decision Article 3 – paragraph 4 4. The Commission shall verify at regular intervals that the conditions in Article 4(3) continue to be met, including whether the
Amendment 32 #
Proposal for a decision Article 3 – paragraph 4 4. The Commission shall verify at regular intervals that the conditions in Article 4(3) continue to be met, including whether the economic policies of Ukraine are in accordance with the objectives of the Union's macro-financial assistance. In so doing, the Commission shall coordinate closely with the IMF
Amendment 33 #
Proposal for a decision Article 4 – paragraph 3 – subparagraph 1 – introductory part The Commission shall decide on the release of
Amendment 34 #
Proposal for a decision Article 4 – paragraph 5 5. The Union's macro-financial assistance shall be disbursed to the National Bank of Ukraine. Subject to provisions to be agreed in the Memorandum of Understanding, including
Amendment 35 #
Proposal for a decision Article 5 – paragraph 2 2.
Amendment 36 #
Proposal for a decision Article 5 – paragraph 2 2.
Amendment 37 #
Proposal for a decision Article 5 – paragraph 3 Amendment 38 #
Proposal for a decision Article 5 – paragraph 3 3. Where circumstances permit an improvement of the interest rate of the loan
Amendment 39 #
Proposal for a decision Article 6 – paragraph 3 – point a (a) ensuring that Ukraine, in consultation with the Commission and OLAF, regularly checks that financing provided from the budget of the Union has been properly used, takes appropriate measures to prevent irregularities and fraud, and, if necessary, takes legal action to recover any funds provided under this Decision that have been misappropriated;
Amendment 4 #
Proposal for a decision Recital 10 (10)
Amendment 40 #
Proposal for a decision Article 8 – paragraph 1 – point а a (new) (аа) indicate whether the conditions set out in Article 4(3) have been met;
Amendment 5 #
Proposal for a decision Recital 11 (11) Given that there is still a significant residual external financing gap in Ukraine's balance of payments over and above the resources provided by IMF and other multilateral institutions, the Union macro- financial assistance to be provided to Ukraine ("the Union's macro-financial assistance") is, under the current exceptional circumstances, considered to be an appropriate response to Ukraine's request to support economic stabilisation in conjunction with the IMF programme. The Union's macro-financial assistance would support the economic stabilisation and the structural reform agenda of Ukraine in the medium term only, supplementing resources made available under the IMF's financial arrangement.
Amendment 6 #
Proposal for a decision Recital 13 (13) The determination of the amount of the Union's macro-financial assistance is based on a complete quantitative assessment of Ukraine's residual external financing needs, and takes into account its capacity to finance itself with its own resources, in particular the international reserves at its disposal. The Union's macro- financial assistance
Amendment 7 #
Proposal for a decision Recital 15 (15)
Amendment 8 #
Proposal for a decision Recital 16 (16) The Union's macro-financial assistance
Amendment 9 #
Proposal for a decision Recital 17 (17) A pre-condition for granting the Union's macro-financial assistance
source: 549.422
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History
(these mark the time of scraping, not the official date of the change)
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