Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-09-Speech-1-100"
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"en.20040209.7.1-100"2
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".
Mr President, the Commission welcomes the report by Mr Modrow and the support which it gives to the application of the two communications.
It is clear that the Commission, with these two communications, is trying to highlight the importance of the business sector to development. The development of businesses and the existence of a dynamic private sector are basic factors in economic development and are the main source of employment in developing countries, especially if account is taken of the unofficial sector of the economy.
We outlined the experience which the Commission has as regards the support of the private sector, the benefits which derive from action at Community level and the need to harmonise the various means. Thus, we can determine sectors which reflect the actions undertaken by the Commission, on the one hand, and those which are rightly left to others to implement, on the other.
As far as state-owned enterprises are concerned, our intention is to contribute to their reform in developing countries. It is clear that there are huge losses and inefficiency in state-owned enterprises but, of course, this reform needs to be integrated into the framework of plans to restore macro-economic and financial balances and promote development.
We avoided adopting easy or simplified ideological approaches. Finally, we have not put an end to the discussion on ownership, by which I mean if they are state-owned or private enterprises or partnerships between the public and private sectors. Our objective is to expose all the arguments and analyse them so that, once we have objectively got all the interpretations, we can make a final choice which reflects the needs of each country and each sector.
I would remind you that the Commission has always had a constant position on these programmes, which always took account of the social repercussions of programmes to liberate the economy and it is interesting that, over the years, even the Bretton Woods institutions have adopted the same stand. We recognise the huge importance of domestic investors, as well as the investments which European small- and medium-sized enterprises can make, especially those which have experience and knowledge. We highlight the need to lay down suitable regulatory frameworks and supervisory mechanisms; these are issues of vital importance on which the Commission wishes to put its experience and the high level of expertise which it has at the disposal of the developing countries.
As I mentioned, we place great emphasis on the need to attract investors and create a favourable environment. This strategy has as its objective the development of the credit sector in developing countries, the promotion, as an efficient means of funding, of small enterprises and micro-credit institutions which play a vital role in granting small loans to the unofficial sector of the economy, which mainly includes enterprises run by women. The two communications are complementary and have been drafted on the criterion and with the ultimate objective of further reducing poverty.
I hope that, with the debate in Parliament and your resolution on it, we shall make a better contribution to the understanding of the need to invigorate business development in these countries and help the necessary reform of state-owned enterprises."@en1
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