Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-05-17-Speech-3-163"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2000-05-17"^^xsd:date2
dcterms:Is Part Of	lp_eu:Poor countries’ debt2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20000517.9.3-163"2
lpv:hasSubsequent	lp_eu:2000-05-17-Speech-3-1642
lpv:speaker	lp:Francisca Sauquillo Pérez Del Arco2
lpv:spokenAs	member; Committee on Development and Cooperation (1999-07-21--2002-01-14)3 member; Members from the European Parliament to the Joint Parliamentary Assembly of the Agreement between the African, Caribbean and Pacific States and the European Union (ACP-EU) (1999-09-14--2002-01-14)3 substitute; CONT (1999-07-22--2002-01-14)3 unknown; Partido Socialista Obrero Español (1999-07-20--2004-07-19)3 member; PES (1999-07-20--2004-07-19)3
lpv:translated text	"Mr President, I have listened with interest to both the Council and the Commission. The Socialist Group considers that the debt which blights the development of the world’s poorest countries cannot be dealt with in isolation, as a purely financial problem, but it must be dealt with within the framework of a broad and coherent strategy which, through the eradication of poverty, leads to development. To this end, firstly, the cancellation of debt must not involve the removal of other sources of finance, but cancellation must be one more measure in a coherent development policy. Secondly, the funds made available through the cancellation of debt must be used for human development funds, particularly for investment in health and education. I do not agree with the Council when it says that this may mean a new form of colonisation. I do not believe that to be the case. In order to be effective, in development terms, the cancellation of debt also requires, as we request in the resolution, a global strategy implemented in unison in and by the international financial institutions. The European Union, as a major contributor of development aid, must coordinate its action in this regard and make the elimination of poverty the common objective of its Member States, one aspect of this being the cancellation of debt in the poorest countries. This is therefore an example of the need for coherence and coordination between Community policies. The common foreign and security policy, which we too often treat as just a security policy, must address this issue as well as commercial and development policies. The highly-indebted poor countries, who are the beneficiaries of this debt cancellation strategy that has already been adopted by the World Bank and the International Monetary Fund, must commit themselves to suitable macroeconomic policies, to social development objectives, to increase the credibility of the state, which is the only way to attract foreign investment, and to strengthen their institutional capacity. By uniting the actions of debtors and creditors in a global strategy aimed at the elimination of poverty, it is possible that we will achieve objective 15 of the Copenhagen Summit on social development, which is an objective which we fully identify with. We therefore strongly urge all Member States and the Commission to support the international financial institutions’ HIPC initiative for highly indebted poor countries."@en1

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