Activities of Lola SÁNCHEZ CALDENTEY related to 2015/2044(INI)
Plenary speeches (2)
Financing for development (A8-0143/2015 - Pedro Silva Pereira) ES
Financing for development (debate) ES
Shadow reports (1)
REPORT on Financing for Development PDF (186 KB) DOC (120 KB)
Amendments (52)
Amendment 1 #
Motion for a resolution
Citation 5 a (new)
Citation 5 a (new)
- having regard to the Fourth High Level Forum on Aid Effectiveness outcome document of December 2011 on partnership for Effective Development Co-operation,
Amendment 3 #
Motion for a resolution
Citation 8 a (new)
Citation 8 a (new)
- having regard to the UN General Assembly Resolution 'Towards the establishment of a multilateral legal framework for sovereign debt restructurings' of September 2014,
Amendment 18 #
Motion for a resolution
Citation 19 a (new)
Citation 19 a (new)
- having regard to the European Consensus on Development of December 2005,
Amendment 23 #
Motion for a resolution
Recital B
Recital B
B. whereas the Third International Conference on Financing for Development (FfD), to be held in Addis Ababa, Ethiopia from 13 to16 July 2015, must orient the financing system to support sustainable development create the conditions for financing and implementing the post-2015 agenda;
Amendment 24 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas the EU has a direct and historical responsibility in its dealings with partner countries, particularly on tax, debt, trade and investment, not to undermine the policy space of these countries to take decisions that are suitable for their own national context, respond to the demands of their populations, and fulfil their human rights obligations and other international commitments;
Amendment 63 #
Motion for a resolution
Recital J
Recital J
J. whereas the nature and impacts of private capital flows affects developing countries in many different ways, positive as well as negative; whereas financial flows to developing countries from private sources are significant but largely volatile but unevenly distributed and are often associated with outflows such as profit repatriation;
Amendment 75 #
Motion for a resolution
Recital K a (new)
Recital K a (new)
Ka. whereas ODA loans could increase debt vulnerabilities of developing countries;
Amendment 76 #
Motion for a resolution
Recital K b (new)
Recital K b (new)
Kb. whereas many developing countries continue to be debt distress, and new debt vulnerabilities are emerging which make a modernized and more effective debt restructuring framework necessary;
Amendment 84 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the UN Secretary-General’s Synthesis Report and its transformative, universal, holistic and integrated approach to an ambitious global partnership;
Amendment 91 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses that this should be a transformative people-centred partnership with poverty elimination, gender equality and human rights as basic principles;
Amendment 92 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses the importance of this transformative global approach to be people-centred, with poverty eradication, gender equality and universality of human rights as a core principle;
Amendment 101 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Recalls that commitments towards the 0.7% GNI ODA target must be fulfilled and binding timetables should be set to that effect;
Amendment 102 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Recognises however that most of the world's poor people are now in middle- income countries, and a new development paradigm must reflect this new reality and the implementation of development programmes should be target both poor people and poor countries;
Amendment 105 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Stresses that the EU and other developed countries must honour their commitment to provide scaled-up, new and additional climate finance to developing countries reaching USD 100 billion per year by 2020; reminds that addressing the growing impacts of climate change is already adding an additional burden on developing countries, including on public expenditures; Considering the difficulties to reach international agreement on the additionality of climate finance to the commitment to deliver 0.7% of GNI as aid, the EU should propose intermediate steps to reach full additionality, such as that both climate and development flows to developing countries need to grow at the same time, at least the same rate;
Amendment 108 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Calls all parties to deliver on their commitments and set up a concrete and time framed process to phase out inefficient fossil fuel subsidies that encourage wasteful consumption while ensuring proper pro-poor measures to offset the short-term negative impact on most vulnerable social groups.
Amendment 116 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Calls to protect the development focus and nature of ODA including a transparent and accountable reporting system;
Amendment 117 #
Motion for a resolution
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Invites EU member states to use revenues from innovative financing mechanisms, such as the EU Financial Transaction Tax, to invest in key global public goods, such as health, education and climate change;
Amendment 118 #
Motion for a resolution
Paragraph 7 c (new)
Paragraph 7 c (new)
7c. Calls for EU and its member states to recognise the added value provided by pooled funding mechanism, including in terms of reduced fragmentation and transaction costs and increased impact and predictability of international aid, and promote their role in the future SDGs framework;
Amendment 122 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Emphasises that ODA should remain the standard measure of financial efforts made; supports the inclusion of concessional loans based on calculation of their grant equivalents, despite due consideration of total official support for development, further recognises that concessional loans might not be suitable for investments in social sectors such as health and education, and encourages the need of impact assessments before accepting respective use;
Amendment 125 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Calls for achieving OEDC DAC recommendation of reaching an average grant element in total ODA of 86%;
Amendment 126 #
Motion for a resolution
Paragraph 8 b (new)
Paragraph 8 b (new)
8b. Notes that scarce ODA resources should be targeted at where they have the greatest development additionality, not to where they can make the greatest financial return;
Amendment 127 #
Motion for a resolution
Paragraph 8 c (new)
Paragraph 8 c (new)
8c. Commends efforts in developing a new statistical measure that focuses on sustainable development, and stresses the need of including poverty, gender and age markers as statistical tools to measure the impact of aid activities;
Amendment 132 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls for the EU and its Member States to promote an aid effectiveness agenda by reducing aid fragmentation through greater coordination between different aid mechanisms and donorsboosting partner country ownership, alignment with partner countries development strategies, mutual accountability and donor harmonization by reducing aid fragmentation through greater coordination between different aid mechanisms and donors; a clear timetable to meet their commitments on development effectiveness, including commitments to untying aid must be promote;
Amendment 145 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Stresses that domestic resource mobilisation must be a key source of financing for all developed and developing countries; emphasises the need for robust, far and progressive tax systems that are pro-poor and aligned with human rights and gender equality obligations;
Amendment 158 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Calls for the EU and its Member States to take effective actions to actively crack down on tax havens, tax evasion and illicit financial flows; supports the setting-up of an intergovernmental body for tax cooperation under the auspices of the UN with effective participation of developing countries, rather than seeing OECD as the only relevant forum;
Amendment 163 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Considers that illicit financial flows need to be tackled through strengthened national institutions, improved tax transparency, country by country reporting, public registries of company ownership, global systems of automatic tax information exchange and legal sanctions for non-compliance;
Amendment 176 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Stresses the decisive importance of good governance, the rule of law, institutional framework and regulatory instruments; especially supports investment in capacity-building, education, health - including of existing commitments, such as the Abuja declaration-, public services, social protection and the fight against poverty and inequality, including in terms of gender; recognises the need for infrastructures and selective public investments, as well as the sustainable use of natural resources, including by the extractive industries; urges the need to finish the unfinished business of the Millennium Development Goals and give priority to those areas that were not sufficiently resourced or advanced;
Amendment 177 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Calls for spill over analysis to study possible profit shifting practices;
Amendment 179 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Reminds that all development finance should be climate-sensitive, environmentally sound and respect human rights;
Amendment 184 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls for greater financing of research and development in science, technology and innovation in developing countries, while recognizing that this financing should be both domestic and international; urges the promotion of research and development that can advance progress against complex challenges and towards global public goods, such as technology and innovation for health; recalls the consequences of inaction and absence of solutions in this field for the health and well-being of every human being with the recent epidemics of Ebola and other poverty related neglected diseases;
Amendment 190 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Calls for greater financing of research and development in science, technology and innovation in developing countries; urges the promotion of research and development that can advance progress against complex challenges and towards global public goods, such as technology and innovation for health;
Amendment 198 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 206 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Underlines that current EU practices to leverage private finance with ODA have proved to be ineffective due to lack of clarity on additionally, transparency, accountability, ownership and alignment with country priorities, debt sustainability and consequently development impact; the development impact of blended finance has not yet been sufficiently demonstrated and increasing the loan component in development finance can lead to serious debt later on;
Amendment 207 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16b. Notes that the role of private sector in development has increased to support political priorities in a period of diminishing aid budgets and considers that EU engagement with the private sector in development must be subject to internationally agreed development effectiveness principles;
Amendment 222 #
Motion for a resolution
Paragraph 19
Paragraph 19
Amendment 228 #
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 232 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Notes that PPPs may be problematic as the financial risks are often disproportionately carried by the public sector, whereas profits are enjoyed by private investors;
Amendment 233 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Stresses that blended finance mechanisms and public-private partnerships should include strict sustainable development criteria, alignment with national development objectives, and local ownership and inclusion;
Amendment 234 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Supports increased market access for developing countries, especially LDCs, while respecting developing country policy space for the maintenance of robust import tariffs as it can strengthen the private sector and create incentives for reform; urges the Commission to ensure that trade and investment agreements, especially with developing countries, LDCs and fragile states, are aligned with the SDGs; emphasises that such agreements should be subjected to SDG impact assessments; supports the Commission’s suggestion of updating its Aid for Trade Strategy in light of the outcomes of the post-2015 negotiations;
Amendment 238 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Recalls that untying aid is a necessary for opening up opportunities for developing country socio-economic actors, such as local firms or technical assistance experts and calls for boosting the use of developing country procurement systems as the first option for aid programmes in support of activities managed by the public sector to enhance local private sector;
Amendment 239 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. CHighlights the positive contribution of the migrants to the development of their countries of origin and calls for more effective and innovative cooperation in migration policy between origin and destination countries; draws attention to the significant and growing financial flows represented by remittances; calls for further efforts to bring down transfer costs, as remittances are an important source of financing for development;
Amendment 254 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Calls to not undermine the policy space of those countries to take development-related decisions that are suitable for their own national context and respond to the demands of their populations;
Amendment 256 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Insists that sustainable debt solutions must be facilitated through a multilateral legal framework for sovereign debt restructuring processes with a view to alleviating the debt burden; and urges the EU to engage constructively in the UN negotiations leading to this framework; also urges the EU to push for the implementation of the UNCTAD principles of responsible sovereign debt transactions for both borrowers and lenders;
Amendment 259 #
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25a. Call for a human needs based approach to debt sustainability through a binding set of standards to define responsible lending and borrowing, debt audits and fair debt workout mechanism, which should assess the legitimacy and the sustainability of countries’ debt burdens and possible cancellation of unsustainable an unjust debt;
Amendment 263 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Calls for a review of international organisations’ programmes and instruments of financial assistance for development in order to align them with the new SDGs; urges, notably, the European Investment Bank, the International Monetary Fund and the World Bank to increase low-income countries’ levels of access to their concessional facilities and to gear their resources more closely to the needs of developing countries, including through mutually effective pro-poor lending facilities without imposing any conditionality to the developing countries that could undermine their sovereignty on macro-economic policy;
Amendment 266 #
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26a. Calls for women being recognised as development actors and enablers, therefore, insist on the need to adopt gender budgeting principles and methodologies, in order to address the different needs and interests of women and men so gender equality and women empowerment is boosted;
Amendment 267 #
Motion for a resolution
Paragraph 26 b (new)
Paragraph 26 b (new)
26b. Encourages the adequate representation of developing countries in global economic governance that is gender-balanced;
Amendment 268 #
Motion for a resolution
Paragraph 26 c (new)
Paragraph 26 c (new)
26c. Recalls that international trade agreements should not undermine poor people’s livelihoods and should instead support the gender equality agenda;
Amendment 269 #
Motion for a resolution
Paragraph 26 d (new)
Paragraph 26 d (new)
26d. Calls for policy areas that impact upon development, including trade, security, migration, energy, environment and climate change, agriculture and fisheries policy, to respond to Policy Coherence for Development and be aligned with development objectives.
Amendment 285 #
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27a. Defends that the new global partnership can only be inclusive and universal through the disaggregation of data by sex, age and other relevant characteristics; urges the need of investing in the capacities of national statistics offices and in filling key data and research gaps, for institutionalising data disaggregation and analysis;
Amendment 289 #
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27a. Reminds that more investments are needed in the design of indicators for measuring progress beyond GDP to include equally important measures of progress such as wellbeing and healthy ecosystems. Natural capital accounting and biodiversity data and indicators should be incorporated into national strategies and assessments of national economic performances;
Amendment 290 #
Motion for a resolution
Paragraph 27 b (new)
Paragraph 27 b (new)
27b. Recalls that the international community should agree on suitable monitoring frameworks that keep track of all financing flows, with transparent and separate reporting for development and climate finance commitments. All international financial institutions should abide by basic transparency standards – as set out in the Transparency Charter for International Financial Institutions – and enact public disclosure policies;