6 Amendments of Joachim STREIT related to 2024/0071(COD)
Amendment 1 #
Recital D
D. whereas the severe deterioration of external accounts and the strategic importance of regional stability conditionally justify this comprehensive support package, while stressing the need for the EU to increase its efforts to achieve a ceasefire and a lasting long-term peace solution in the Middle East and thu; furthermore, underscores thelp alleviate the reasons behind Egypt’s financial struggle critical need for Egypt to cooperate with the EU on migration management, ensuring effective border controls, humane treatment of migrants, and combating trafficking networks;
Amendment 4 #
Recital G
G. whereas the proposed macro- financial assistance (MFA) of up to EUR 4 billion would help Egypt address its external financing needs while supporting the implementation of structural reforms aimed at improving the macroeconomic situation, strengtheningconditioned strictly on the timely implementation of verifiable and measurable structural reforms that directly address economic governance and, transparency, and enhancing conditions for sustainablfiscal discipline, and sustainable, inclusive growth;
Amendment 10 #
Paragraph 1
1. Recalls that while MFA is meant to be an exceptional crisis response instrument, its increasing use to address structural economic challenges in partner countries risks diluting its emergency natureuse should remain strictly limited to short- term crises and not serve as a substitute for structural development aid; emphasizes that overreliance on MFA risks undermining its purpose as a tool for urgent economic stabilization;
Amendment 12 #
Paragraph 3
3. Notes that the Commission proposal of EUR 4 billion in MFA requires EUR 360 million in provisioning under the External Action Guarantee from the Neighbourhood, Development and International Cooperation Instrument – Global Europe, which represents a significant allocation of limited resources;underlines the need to ensure that this significant allocation is matched by demonstrable progress on fiscal responsibility and structural reforms by Egypt;
Amendment 17 #
Paragraph 5
5. Reiterates its calls for transparent and timely reporting of assistance implementation; calls for strengthened monitoring mechanisms, given the unprecedented size of this MFA package and the relevance of Egypt’s track record on reform implementation; insists that clear benchmarks and measurable outcomes must be established before disbursement;
Amendment 25 #
Paragraph 9
9. Emphasiszes that respect forstrict adherence to democratic mechanisms, the rule of law, and fundamental freedoms shouldmust remain non-negotiable prerequisites for accessing EU financial support; calls on the Commission to withhold disbursements in the absence of credible progress on these fronts;