Activities of Nadezhda NEYNSKY related to 2011/0176(COD)
Plenary speeches (1)
General provisions for macro-financial assistance to third countries (debate)
Amendments (6)
Amendment 31 #
Proposal for a regulation
Article 5 – paragraph 3
Article 5 – paragraph 3
3. In case the financing needs of the beneficiary country decline fundamentally duringsignificantly over the period of disbursement of the macro-financial assistance, the Commission, compared to the time when a decision for granting macro- financial assistance was taken, the Commission shall re-assess the economic and financial situation in the beneficiary country and, based on that assessment and acting in accordance with Article 14 (2), may decide to reduce the amount of funds made available in the context of the assistance, suspend or cancel the assistance.
Amendment 33 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
1. A pre-condition for granting macro- financial assistance shall be that the recipient country respectsdemonstrates commitment to the establishment and/or promotion of effective democratic mechanisms, including multi- party parliamentary systems, the rule of law and respect for human rights. This assessment shall be entrusted to the EEAS in cooperation with the European Commission and shall take into consideration the latest resolutions and reports of the European Parliament concerning beneficiary countries.
Amendment 41 #
Proposal for a regulation
Article 7 – paragraph 3
Article 7 – paragraph 3
3. The decision to provide a loan shall specify the amount, the maximum average maturity, the maximum number of instalments of the macro-financial assistance. The decision to provide a grant shall specify the amount, and the maximum number of instalments. In both cases the availability period of the macro-financial assistance shall be defined. As a rule,, and it shall not exceed three years.
Amendment 47 #
Proposal for a regulation
Article 7 – paragraph 6
Article 7 – paragraph 6
6. The Commission shall informand the EEAS shall inform regularly and/or upon request the European Parliament and the Council of developments in country-specific assistance and provide them withshall ensure a simultaneous and timely transmission of the relevant documents.
Amendment 48 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. Macro-financial assistance shall be disbursed only to the central bank of the beneficiary country.
Amendment 52 #
Proposal for a regulation
Article 11 – paragraph 1
Article 11 – paragraph 1
1. Beneficiary countries shall regularly checkensure that financing provided from the budget of the Union has been properly used, take appropriate measures to prevent irregularities and fraud, and, if necessary, take legal action to recover any funds provided under this Regulation that have been misappropriated.