Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-521-000"

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"− Budget support is the transfer of financial resources from an external funding agency to the national treasury of a partner country, subject to the latter’s compliance with agreed conditions for payment. The European Union grants budget support solely to countries which comply with eligibility criteria, which must be in place or in the process of being put in place, such as a well-defined national development policy and strategy, a stability-oriented macroeconomic framework and a credible programme for improving public finance management. Aid must only be granted to countries meeting minimum standards as regards governance and respect for human rights. Partner countries must also provide proof of sufficient transparency, reliability and effectiveness in managing public expenditure. It is important to set up a system which systematically involves parliaments and civil society in political dialogue on poverty reduction and in annual reviews of budget support. We believe that such a system should also facilitate the flow of information between civil society and the general public, so as to enable civil society, universities and private organisations to express their views as part of the consultation conducted by the thematic groups set up to monitor budget support."@en1

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