Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-24-Speech-4-181-875"
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"en.20120524.19.4-181-875"2
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"−
I voted in favour of the proposal for a regulation laying down general provisions for macro-financial assistance to third countries. The framework regulation aims at clarifying the rules and improving the efficiency and effectiveness of the Union assistance. Macro-financial assistance is a tool of Union foreign policy and should serve to enhance the visibility and influence of the Union beyond its borders; it should be used to provide exceptional financial assistance to third countries that have run into temporary balance of payment difficulties. Unlike other Union instruments providing direct support for its external policies (such as the Instrument for Pre-accession Assistance, the European Neighbourhood Instrument, the Development Cooperation Instrument, etc.), macro-financial assistance should not be used to provide regular financial support nor have as its primary aim supporting the economic and social development of the beneficiary countries. Macro-financial assistance should include measures to improve the beneficiary countries’ commitment to common values with the Union, including democracy, the rule of law, good governance, respect for human rights, the fight against forced child labour, support for sustainable development and poverty reduction, as well as to the principles of open, rules-based and fair trade. The fulfilment of these objectives should be regularly monitored by the Commission."@en1
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