Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-461-000"
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"en.20110510.60.2-461-000"2
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"As a member of the European Parliament’s delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees, I welcome the decision to provide Georgia with macro-financial assistance of EUR 46 million, in order to help stabilise the Georgian economy and cover needs in respect of the balance of payments stipulated in the existing IMF programme. I consider it right and proper that EUR 23 million of this sum will be provided in the form of grants, and EUR 23 million in the form of loans. It is important that the relevant measures which Georgia should take to prevent and combat fraud, corruption and other irregularities relating to this assistance are set out in the memorandum of understanding, the loan agreement and the grant agreement, which will be agreed with the Georgian authorities. In the interests of greater transparency in the management and disbursement of the funds, the memorandum of understanding, the loan agreement and the grant agreement should also stipulate the possibility of checks, which also means on-the-spot checks and inspections by the Commission, including the European Anti-Fraud Office. In addition to this, we should also count on the possibility of carrying out audits, including random on-the-spot audits by the Court of Auditors."@en1
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