Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-519-500"
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"en.20110705.34.2-519-500"2
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"Budgetary support means the transfer of financial resources from an external financial agency to the domestic budget of a partner country, if that country meets the conditions for implementing the payment. The funds obtained form part of the overall resources of the partner country, and are therefore used in accordance with the system used by the partner country for managing public resources. Although budgetary assistance has been in operation for some time, it expanded in the 1980s and 1990s, when the World Bank and various bilateral cooperation groups began to provide budgetary support in the form of assistance with the balance of payments. Within the framework of the second wave of budgetary support in 2000 – 2005, a new coordinated approach to budgetary support in general was introduced. The aim of this form of budgetary support was to introduce support for the policies and strategies of partner countries, in order to develop the concepts of accountability and strong partnership, and to provide a better harmonisation of procedures, methods and payment of support between aid donors. In order for countries to be entitled, however, they must achieve a sufficient level of accountability in the fight against poverty, macroeconomic governance, the handling of public finances and management."@en1
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