A six-page draft resolution on financing for the EU’s post-2015 development aid agenda has attracted 291 amendments from MEPs, a total of 135 pages, despite its light legal character.
Most of the amendments are aimed at reinforcing the draft document and making it more stringent for the EU’s member states, ahead of a plenary vote scheduled in May.
As Silva Pereira recently told EURACTIV in an interview, the Parliament position will be an input ahead of the International Conference on Financing for Development in Addis Ababa, on 13-16 July.
The report insists that the EU and its member states should maintain their position as major donors of development assitance, urging the EU and its member states to re-commit “without delay or negotiation” to spending at least 0.7% of their Gross National Income (GNI) on overseas aid.
It welcomes the Commission communication mentioned previously, but regrets that it lacks commitment regarding the timeline for future financial targets.
At least 0.2% of GNI should be reserved for least developed countries, the report states, calling for multiannual budget timetables to be scaled-up to these levels by 2020.
The EU and other developed countries must honour their commitment to provide “new and additional” climate finance to developing countries reaching $100 billion per year by 2020, in line with exsiting commitments, the report adds.
To meet these ambitious funding goals, the draft resolution calls for innovative sources of development and climate finance, including financial transaction taxes (FTT) and carbon taxes on international aviation and maritime transport, as well as further European and international efforts to identify other additional sources.
MEPs also call on the EU and its member states to actively crack down on tax havens, tax evasion and illicit financial flows. It supports the setting-up of an intergovernmental body for tax cooperation under the auspices of the UN and considers that international corporate tax rules should include the principle that taxes should be paid where value is extracted or created.
As an example, just one of the 28 recommendations of the Parliament, one concerning innovative sources of financing, triggered five pages of amendments.
The Development Committee will vote the report later today, with the rapporteur expected to present 40 compromises covering several amendments. In the case that these compromises will be approved, many amendments will fall. The amendments that are not covered in the compromises will be voted separately.