Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-519-562"

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"I welcomed this document, because the EU grants budget support solely to countries in which the following three elements are in place or in the process of being put in place: a) a well-defined national development policy and strategy, b) a stability-oriented macroeconomic framework and c) a credible and appropriate programme for improving public finance management. The objective of the document is to continue to provide support to developing countries’ budgets and to call on the Commission to assess the relevant indicators prior to granting support. The aims of improved coordination are to optimise the allocation of resources, enhance the exchange of best practices and boost the efficiency of budget support. The European Union should recognise and utilise the added value generated by its huge political weight and the potentially broad scope of its action, ensuring political influence proportional to the financial support given."@en1

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