Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-390-500"

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"I welcomed the report because 2011 is a strategic moment to draw lessons from four years of operation of Regulation (EC) No 1905/2006 establishing a financing instrument for development cooperation (DCI). The purpose of this report is to establish at an early stage Parliament’s position with regard to a new financing instrument for EU development cooperation, based on the lessons drawn from our scrutiny of the implementation of the DCI. I agreed that a differentiated approach to the diverse group of developing countries is needed, and that traditional financial aid may become less relevant for emerging countries. I believe that aid for emerging countries, while promoting sustainable economic growth, should still focus on reinforcing the partner country’s fiscal policy and promoting mobilisation of domestic revenue which should lead to the reduction of poverty and aid dependence. We must refrain from using budget support in countries where transparency in public spending cannot be assured. Budget support must always be accompanied by actions to develop the receiving country’s parliamentary control and audit capacities and to increase transparency and public access to information, and civil society should be involved in monitoring budget support."@en1

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