Sittings · Document

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

Macro-financial assistance to Egypt

28.3.2025 A10-0037/45

Amendment 45

Tineke Strik, Vicent Marzà Ibáñez, Brando Benifei, Irena Joveva, Elio Di Rupo, Ilaria Salis, Abir Al-Sahlani, Estrella Galán, Barry Andrews, Mélissa Camara, Majdouline Sbai, Leoluca Orlando, Thijs Reuten, Marit Maij, Mohammed Chahim, Lara Wolters, Hilde Vautmans, Ana Miranda Paz, Saskia Bricmont, Gordan Bosanac, Erik Marquardt, Diana Riba i Giner, Mounir Satouri, Villy Søvndal, Benedetta Scuderi, Cristina Guarda, Rasmus Andresen, Maria Ohisalo, Anna Strolenberg, Alexandra Geese, Reinier Van Lanschot, Marie Toussaint, Catarina Vieira, Vladimir Prebilič, Katrin Langensiepen, Kim Van Sparrentak, Bas Eickhout, Tilly Metz, Nicolae Ştefănuță, Daniel Freund, Terry Reintke, Hannah Neumann, Kai Tegethoff, David Cormand, Kathleen Van Brempt, Nicola Zingaretti, Alessandro Zan, Camilla Laureti, Dario Nardella, Giuseppe Lupo, Pierfrancesco Maran, Pina Picierno, Cecilia Strada, Sandro Ruotolo, Stefano Bonaccini, Lucia Annunziata, Annalisa Corrado, Marco Tarquinio, Giorgio Gori, Raphaël Glucksmann, Bernd Lange, Nora Mebarek, Matjaž Nemec, Udo Bullmann, Francisco Assis, Chloé Ridel, Jan-Christoph Oetjen, Hana Jalloul Muro, Alice Kuhnke, Mārtiņš Staķis, Lena Schilling, Rasmus Nordqvist, Anna Cavazzini, Damian Boeselager, Rima Hassan, Ignazio Roberto Marino

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 2 – paragraph 1

Text proposed by the Commission

Amendment

1. A pre-condition for granting the Union's macro-financial assistance shall be that Egypt continues to make concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights.

1. A pre-condition for granting the Union's macro-financial assistance shall be that Egypt takes concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and makes a quantitative and substantial improvement in the respect for human rights, since the signing in June 2024 of the Memorandum of Understanding linked to the EUR 1 billion macro-financial assistance package, and that it continues to make concrete and credible improvements in those areas throughout the period covered by this Decision.

Or. en

28.3.2025 A10-0037/46

Amendment 46

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 2 – paragraph 2

Text proposed by the Commission

Amendment

2. The Commission services and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union's macro-financial assistance.

2. The Commission services and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union's macro-financial assistance in a transparent process in which civil society and international entities such as UN organisations are able to contribute, and report, regularly and in writing, to the European Parliament on the conditions referred to in Article 2(1).

Or. en

28.3.2025 A10-0037/47

Amendment 47

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 1

Text proposed by the Commission

Amendment

1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Egyptian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, to which the Union's macro-financial assistance is to be subject, to be laid down in a Memorandum of Understanding ("the Memorandum of Understanding") which shall include a timeframe for the achievement of those reforms. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Egypt with the support of the IMF.

1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Egyptian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, as well as on democracy, rule of law and human rights conditions, to which the Union's macro-financial assistance and the release of each separate instalment is to be subject, to be laid down in a Memorandum of Understanding ("the Memorandum of Understanding") which shall include a timeframe for the achievement of those reforms. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Egypt with the support of the IMF.

Or. en

28.3.2025 A10-0037/48

Amendment 48

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

Text proposed by the Commission

Amendment

2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Egypt, including for the use of the Union's macro-financial assistance. Progress in mutual market opening, the development of rules-based and fair trade, and other priorities in the context of the Union's external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

2. The conditions referred to in paragraph 1 shall aim, in particular, at introducing reforms towards respecting effective democratic mechanisms - including a multi-party parliamentary system - and the rule of law, and ensuring respect for human rights, enhancing the efficiency, transparency and accountability of the public finance management systems in Egypt, including for the use of the Union's macro-financial assistance. Progress in mutual market opening, poverty reduction, good governance, the fight against corruption, the development of rules-based and fair trade, and other priorities in the context of the Union's external policy, including those relating to democracy, rule of law and human rights, shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

Or. en

28.3.2025 A10-0037/49

Amendment 49

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 c

Text proposed by the Commission

Amendment

(c) the satisfactory implementation of the economic policy conditions and financial conditions agreed in the Memorandum of Understanding.

(c) the satisfactory implementation of the economic policy conditions, financial conditions, and democracy, rule of law and human rights conditions, agreed in the Memorandum of Understanding.

Or. en