4 Amendments of Alessia Maria MOSCA related to 2017/0242(COD)
Amendment 10 #
Proposal for a decision
Recital 10
Recital 10
(10) The Union’s macro-financial assistance should aim to support the restoration of a sustainable external financing situation for Georgia thereby supporting its economic and social development and contributing to greater macroeconomic stability.
Amendment 13 #
Proposal for a decision
Recital 12
Recital 12
(12) Taking into consideration Georgia’s residual external financing needs, the level of its economic and social development, as measured by per capita income and the incidence of poverty, as well as its level of indebtedness and its ability to repay drawing on debt sustainability analysis, a part of the assistance should be provided in the form of grants.
Amendment 15 #
Proposal for a decision
Recital 13
Recital 13
(13) The Commission should ensure that the Union’s macro-financial assistance is legally and substantially in line with the key principles, for external action enshrined in Art. 21 TEU and the objectives and measures taken within the different areas of external action and other relevant Union policies.
Amendment 18 #
Proposal for a decision
Recital 16
Recital 16
(16) A pre-condition for granting the Union’s macro-financial assistance should be that Georgia respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems in Georgia, and promote structural reforms aimed at supporting sustainable and inclusive growth, employment creation and fiscal consolidation. Both the fulfilment of the preconditions and the achievement of those objectives should be regularly monitored by the Commission and the European External Action Service. The Union’s macro- financial assistance to Georgia should also include measures to support the implementation of the Association Agreement, including the DCFTA. To ensure that specific objectives can be properly assessed, they need to be set out in a verifiable and measurable manner. Both the fulfilment of the preconditions and the achievement of those objectives should be regularly monitored by the Commission and the European External Action Service. If the precondition and the objectives are not met or if the aims and principles of the Association Agreement are generally disregarded, the Commission should temporarily suspend or cancel the disbursement of the Union’s macro-financial assistance.