Sittings · Document

Report (COM(2024)0461 – C10-0009/2024 – 2024/0071(COD)) 2025-03-28

Macro-financial assistance to Egypt

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28.3.2025 A10-0037/33

Amendment 33

Vicent Marzà Ibáñez, Tineke Strik

on behalf of the Greens/EFA Group

Report A10-0037/2025

Céline Imart

Macro-financial assistance to Egypt

(COM(2024)0461 – C10-0009/2024 – 2024/0071(COD))

Proposal for a decision

Recital 28 a (new)

Text proposed by the Commission

Amendment

(28 a) All external financial instruments adopted by the Union should be in line with the United Nations Human Rights Council’s guiding principles to ensure economic recovery measures. Namely, economic policymaking must be anchored and guided by substantive human rights impact assessments, crucial to ensuring that economic reforms advance, rather than hinder, the enjoyment of human rights by all, including the prohibition of retrogression.

Or. en

Justification

A/HRC/40/58 (2019) - Human Rights Council 40th Session

28.3.2025 A10-0037/34

Amendment 34

Vicent Marzà Ibáñez, Tineke Strik

on behalf of the Greens/EFA Group

Report A10-0037/2025

Céline Imart

Macro-financial assistance to Egypt

(COM(2024)0461 – C10-0009/2024 – 2024/0071(COD))

Proposal for a decision

Article 1 – paragraph 1

Text proposed by the Commission

Amendment

1. The Union shall make macro-financial assistance of a maximum amount of up to EUR 4 billion available to Egypt ("the Union's macro-financial assistance"), with a view to supporting Egypt's economic stabilisation and a substantive reform agenda. The release of the Union's macro-financial assistance is subject to the approval of the Union budget for the relevant year by the European Parliament and the Council. The assistance shall contribute to covering Egypt's balance of payments needs as identified in the IMF programme.

1. The Union shall make macro-financial assistance of a maximum amount of up to EUR 4 billion available to Egypt ("the Union's macro-financial assistance"), with a view to supporting Egypt's economic stabilisation and a substantive reform agenda. The release of the Union's macro-financial assistance is subject to the approval of the Union budget for the relevant year by the European Parliament and the Council. The assistance shall contribute to covering Egypt's balance of payments needs as identified in the IMF programme and to improve the socioeconomic situation for the Egyptian people.

Or. en

28.3.2025 A10-0037/35

Amendment 35

Vicent Marzà Ibáñez, Tineke Strik

on behalf of the Greens/EFA Group

Report A10-0037/2025

Céline Imart

Macro-financial assistance to Egypt

(COM(2024)0461 – C10-0009/2024 – 2024/0071(COD))

Proposal for a decision

Article 3 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. The Memorandum of Understanding shall also list the clear and credible steps agreed upon with the Egyptian authorities, which they will take to improve the human rights, rule of law and democracy situation of the country in conformity with the conditions of eligibility for EU macro-financial assistance. The Memorandum of Understanding shall detail clear and tangible benchmarks and indicators with specific fulfilment deadlines by which the implementation of those conditions will be assessed, for the release of every instalment of macro-financial assistance. The agreement of those benchmarks and indicators shall be decided after a transparent public consultation process with the participation of civil society organisations.

Or. en

28.3.2025 A10-0037/36

Amendment 36

Vicent Marzà Ibáñez, Tineke Strik

on behalf of the Greens/EFA Group

Report A10-0037/2025

Céline Imart

Macro-financial assistance to Egypt

(COM(2024)0461 – C10-0009/2024 – 2024/0071(COD))

Proposal for a decision

Article 4 – paragraph 3 – subparagraph 1 – point a

Text proposed by the Commission

Amendment

(a) the pre-condition set out in Article 2(1);

(a) the political pre-conditions set out in Article 3, as assessed in accordance with the agreed benchmarks in the Memorandum of Understanding;

Or. en

28.3.2025 A10-0037/37

Amendment 37

Vicent Marzà Ibáñez, Tineke Strik

on behalf of the Greens/EFA Group

Report A10-0037/2025

Céline Imart

Macro-financial assistance to Egypt

(COM(2024)0461 – C10-0009/2024 – 2024/0071(COD))

Proposal for a decision

Article 4 – paragraph 3 – subparagraph 1 – point b

Text proposed by the Commission

Amendment

(b) a continuous satisfactory track record of implementing a policy programme that contains strong adjustment and structural reform measures supported by a non-precautionary IMF credit arrangement;

(b) a continuous satisfactory track record of implementing a policy programme that contains reform measures supported by a non-precautionary IMF credit arrangement, that should primarily aim to reduce poverty and inequalities;

Or. en