Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-15-Speech-3-231"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-05-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Question Time (Council)2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20020515.9.3-231"2
lpv:hasSubsequent	lp_eu:2002-05-15-Speech-3-2322
lpv:speaker	lp:De Miguel2
lpv:translated text	"Your opinion, which is, of course, entirely justified, is completely in line with that of the German Government, which was precisely one of those that objected most vehemently to the creation of the bank. I must say that your arguments are well-founded, because we all know that even monies that are donated, such as the MEDA programme, very frequently go unused due to a lack of absorption capacity, or to an inability to produce projects. A bank, however, is also an instrument, of course, with which to help countries to better understand how to make use of financial resources. Furthermore, a bank has the merit that, because it provides loans and the loans cost money, when people pay for a service, they always have an interest in its operating better. This is the merit of a development bank that, at the same time, is an advisory institution and which, when it charges a price for the money, ensures that those receiving the money gain more from the investment they make. The argument you put forward is that your country was the only one to have argued for this in Ecofin. For this reason, the Bank was not approached directly, and for this reason we opted for this phased process and we hope that, with this phased process, the conditions will gradually improve and a new mindset will come into play in the Mediterranean countries to make better use of the monies that, both in the form of donations and of loans, we make available."@en1

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