Sittings · Document
Draft report (2025/2004(INI)) 2025-05-20
Financing for development – ahead of the Fourth International Conference on Financing for Development in Seville
Committee on Development
COMPROMISE 1
COMP 1: Citations
Compromise supported by Rapporteur, RENEW, S&D, Verts/ALE
and replacing Amendment(s) AMs 4, 5, 6, 8, 9, 14, 16, 17, 18, 19, 20, 21, 22, 23, 24, 26
Motion for a resolution
Citation 3 a (new)
| Motion for a resolution | Amendment |
| – having regard to the United Nations Declaration on the Rights of Indigenous People (UNDRIP), |
Citation 3 b (new)
| Motion for a resolution | Amendment |
| – having regard to UNCTAD, ‘Principles on Promoting Responsible Sovereign Lending and Borrowing’, January 2012, |
Citation 3 c (new)
| Motion for a resolution | Amendment |
| – having regard to the United Nations Framework Classification for Resources (UNFC), |
Citation 3 d (new)
| Motion for a resolution | Amendment |
| – having regard to the Resolution 68/304 of the UN General Assembly ‘Towards the Establishment of a Multilateral Legal Framework for Sovereign Debt Restructuring Processes’ of 2014, |
Citation 3 e (new)
| Motion for a resolution | Amendment |
| – having regard to the Resolution of the UN General Assembly of 2015 on the ‘Basic Principles on Sovereign Debt Restructuring Processes’, |
Citation 7 a (new)
| Motion for a resolution | Amendment |
| – having regard to the partnership agreement between the EU and its Member States, of the one part, and the Members of the Organisation of African, Caribbean and Pacific States, of the other part (the Samoa Agreement), |
Citation 9 a (new)
| Motion for a resolution | Amendment |
| – having regard to its resolution of 17 April 2018 on enhancing developing countries’ debt sustainability1a, | |
| _________________ | |
| 1a OJ C 390, 18.11.2019, p. 46. |
Citation 10 a (new)
| Motion for a resolution | Amendment |
| – having regard to its resolution of 14 March 2023 on Policy Coherence for Development1a, | |
| _________________ | |
| 1a OJ C, C/2023/398, 23.11.2023, ELI: http://data.europa.eu/eli/C/2023/398/oj. |
Citation 11 a (new)
| Motion for a resolution | Amendment |
| – having regard to the EU Gender Action Plan (GAP III), |
Citation 11 b (new)
| Motion for a resolution | Amendment |
| – having regard to the Youth Action Plan (YAP) in European Union external action for 2022-2027, |
Recital -A (new)
| Motion for a resolution | Amendment |
| -A. whereas Article 208 of the Treaty on the Functioning of the European Union (TFEU), dictates the reduction, and in the long-term eradication, of poverty as the primary objective of the EU’s development cooperation; whereas Art. 208 TFEU reaffirms its commitment to supporting human rights, preserving peace and preventing conflict, assisting populations, countries and regions confronting natural or man-made disasters, and to the sustainable management of global natural resources; |
Recital -A a (new)
| Motion for a resolution | Amendment |
| -A a. whereas Article 18.4 of the Treaty on European Union calls on the HRVP to ensure the consistency of the Union’s external action; |
Recital L
| Motion for a resolution | Amendment |
| L. whereas in 2023 only five countries worldwide met or exceeded the United Nations’ target of spending 0.7 % of their national wealth on official development assistance (ODA); whereas the successful mobilisation of further capital, both private and public, in addition to ODA and other existing forms of development finance, is critical; | L. whereas in 2023 only five countries worldwide met or exceeded the United Nations’ target of spending 0.7% of their national wealth on official development assistance (ODA); whereas the EU collectively committed to provide 0.7% of gross national income (GNI) as official development assistance (ODA), and 0.2% as ODA to least developed countries (LDC) by 2030, reaffirmed in the Council conclusion of June 2024, in the European Consensus on Development and in Council Conclusions of 26 May 2015; whereas the successful mobilisation of further capital, both private and public, in addition to ODA and other existing forms of development finance, is critical; |
Recital L a (new)
| Motion for a resolution | Amendment |
| L a. whereas the New Collective Quantified Goal (NCQG) agreed upon during the COP29 in Baku on 24 November 2024 includes commitments to mobilise at least USD 300 billion per year for climate change mitigation and adaptation in developing* countries; whereas the launch of the Baku-Belém Roadmap requires reaching at least an additional USD 1.3 trillion per year for development cooperation by 2035; |
Or. en
COMPROMISE 2
COMP 2
Compromise supported by Rapporteur, RENEW, S&D, The Left
and replacing Amendment(s) 3, 28, 29, 30, 31, 32, 33, 37, 81
Motion for a resolution
Recital -A c (new)
| Motion for a resolution | Amendment |
| -A c. whereas, at this critical juncture, with just five years remaining before we reach the 2030 SDG targets, due to the increasing number of crises worldwide, the rise in extreme poverty and hunger, and the increasingly frequent and severe consequences of climate change, only 17% of the Sustainable Development Goals are currently on track to be achieved by 2030 according to the 2024 UN SDG Report, despite progress in certain areas; whereas developing* countries’ domestic revenue mobilisation remained low, among others due to illicit financial flows and also often corruption, causing crucial resources to be diverted from healthcare, education, and infrastructure development | |
| _________________ | |
| * throughout the text: “developing” referring to “low and middle income” countries, as defined by OECD DAC. |
Recital -A d (new)
| Motion for a resolution | Amendment |
| -A d. whereas more than 700 million people worldwide are living in extreme poverty, a figure that keeps increasing; whereas poverty disproportionately affects women and girls globally, and the gender-poverty gap persists to this day; whereas the wealth gap and inequality within and between countries increases, hindering sustainable development; |
Or. en
COMPROMISE 3
COMP 3
Compromise supported by Rapporteur, PPE, S&D, RENEW, The Left
and replacing Amendment(s) 33, 35, 36, 38, 39, 40, 60
Motion for a resolution
Recital A
| Motion for a resolution | Amendment |
| A. whereas mobilising even a small fraction of global wealth for sustainable development remains difficult, with UN Trade and Development estimating that the annual SDG financing gap in developing countries has increased to USD 4–4.3 trillion; | A. whereas mobilising even a small fraction of global wealth for sustainable development remains difficult, with UN Trade and Development estimating that the annual SDG financing gap in developing* countries has increased to USD 4–4.3 trillion, representing a more than 50% increase over pre-pandemic estimates and requiring an unprecedented mobilisation of financial resources, both public and private, at the global level, especially to tackle the climate crisis, biodiversity loss, and rising inequalities; |
| _________________ | |
| * throughout the text: “developing” referring to “low and middle income” countries, as defined by OECD DAC. |
Recital A a (new)
| Motion for a resolution | Amendment |
| A a. whereas food insecurity has significantly risen as a result of Russia's war of aggression against Ukraine, as well as due to the impact of other armed conflicts and is therefore a barrier of achieving the SDGs; whereas EU cooperation needs to tackle the challenge of food security effectively with partner countries in a sustainable manner; |
Recital A b (new)
| Motion for a resolution | Amendment |
| A b. whereas global leading donors in development cooperation are abandoning their commitments to finance sustainable development; |
Recital A c (new)
| Motion for a resolution | Amendment |
| A c. whereas it is estimated that, if Member States had met the 0.7% of GNI commitment for ODA since 1970, more than € 1.2 trillion could have been allocated for development cooperation, a figure that is likely to be even much higher when taking into account the rest of donor countries worldwide; |
Or. en
COMPROMISE 4
COMP 4
Compromise supported by Rapporteur, S&D, RENEW, The Left
and replacing Amendment(s) 41, 42, 44, 58
Motion for a resolution
Recital B
| Motion for a resolution | Amendment |
| B. whereas developing countries face significantly higher borrowing costs, further exacerbating the finance divide; | B. whereas developing* countries face significantly higher borrowing costs, paying on average twice as much interest on their total sovereign debt stock compared to developed (higher income) countries, due to imbalanced global financial structures, but also due to the rating of country-specific risk factors, governance challenges or macroeconomic instability further exacerbating the finance divide; |
Or. en
COMPROMISE 5
COMP 5
Compromise supported by Rapporteur, PPE, S&D, RENEW, Verts/ALE, The Left
and replacing Amendment(s) 47, 48, 49, 50, 51, 52, 66
Motion for a resolution
Recital C
| Motion for a resolution | Amendment |
| C. whereas more than half of low-income countries in the world are currently either in debt distress or at high risk thereof; | C. whereas, according to the latest data, almost two-thirds of low-income countries in the world are currently either in debt distress or at high risk thereof, with over a hundred countries struggling due to the combination of debt and interest, whereas low-income countries (LICs) spend nearly 20% of government revenues on servicing external debt in 2023, up 4x since 2013; whereas debt spending in over three-fourths of low income countries is multiple times the spending on public goods such as education, health, social protection, or climate change, thus creating one of the most important obstacles for global south countries to advance the SDGs; |
Recital C a (new)
| Motion for a resolution | Amendment |
| C a. whereas indebted countries, if in addition hit by a catastrophic external shock, such as a natural disaster, often fall into further borrowing to be able to pay for the reconstruction and recovery costs; |
Recital C b (new)
| Motion for a resolution | Amendment |
| C b. whereas the developing* countries in debt distress are projected to face annual debt servicing costs of 40 USD billion between 2023 and 2025, severely constraining their fiscal space for essential public investments; |
Recital C c (new)
| Motion for a resolution | Amendment |
| C c. whereas achieving sustainable development requires more than just curbing debt solutions and securing external financing - it also involves strengthening the economic self-sufficiency of developing* countries, including through enhanced domestic resource mobilisation, qualitative investment-friendly policies, that favour the promotion of local entrepreneurship and local private sector growth; |
Or. en
COMPROMISE 6
COMP 6
Compromise supported by Rapporteur, RENEW, S&D
and replacing Amendment(s) 63, 64
Motion for a resolution
Recital E
| Motion for a resolution | Amendment |
| E. whereas the upcoming Fourth International Conference on Financing for Development in 2025 presents a critical opportunity to reform the global financial architecture; | E. whereas the upcoming Fourth International Conference on Financing for Development in 2025 presents a critical moment for necessary reform of the global financial architecture and for addressing the growing financing challenges; |
Or. en
COMPROMISE 7
COMP 7
Compromise supported by Rapporteur, S&D, RENEW, Verts/ALE, The Left
and replacing Amendment(s) 45, 67, 68, 70, 71
Motion for a resolution
Recital F
| Motion for a resolution | Amendment |
| F. whereas the current international financial architecture is based on the Bretton Woods Agreements of 1944, which represents an architecture that today is no longer capable of meeting the needs of the 21st century multipolar world; | F. whereas the current international financial architecture is based on the Bretton Woods Agreements of 1944, which represents an architecture that today is incapable of meeting the needs of the 21st century multipolar world, specifically the needs of so-called Global South countries - characterised by deeply integrated economies and financial markets, but also marked by geopolitical tensions, growing systemic risks and the effects of climate change, and persists in upholding the existing power imbalance that favours countries in the so-called Global North; |
Recital F a (new)
| Motion for a resolution | Amendment |
| F a. whereas in order to address unsustainable and illegitimate debts, all governments shall participate on an equal footing in the decision-making on debt crisis prevention and resolution, as well as different aspects of debt management, beyond creditor-dominated fora; |
Recital F b (new)
| Motion for a resolution | Amendment |
| F b. whereas an improved global financial safety net is necessary to deal with systemic risks and global financial, economic and health crises and shocks; |
Or. en
COMPROMISE 8
COMP 8
Compromise supported by Rapporteur, S&D, RENEW, Verts/ALE, The Left
and replacing Amendment(s) 76, 77, 78, 79
Motion for a resolution
Recital G
| Motion for a resolution | Amendment |
| G. whereas globalisation, the increased prevalence and size of multinational enterprises and changes in business models have enabled base erosion and profit shifting on a significant scale; whereas international tax cooperation and rules are still insufficient to address these challenges; | G. whereas globalisation raises both opportunities and challenges, as in the case of the increased prevalence and size of multinational enterprises and changes in business models that may enable base erosion and tax avoidance and profit shifting on a significant scale, severely undermining domestic revenue collection, particularly in developing countries; whereas as a result, taxes on corporate profits have been declining around the world; whereas international tax cooperation needs more solidarity to address national and global challenges; |
Or. en
COMPROMISE 9
COMP 9
Compromise supported by Rapporteur, RENEW, S&D, ID
and replacing Amendment(s) 85, 86, 87
Motion for a resolution
Recital H
| Motion for a resolution | Amendment |
| H. whereas illicit financial flows out of developing countries and corruption remain a very significant problem; | H. whereas illicit financial flows out of developing* countries, challenges such as trade mispricing, loopholes in international tax rules and corruption continue to pose a serious obstacle, often undermining fair and inclusive development efforts, and impacting developing* countries' national budgets and social policy, thus severely reducing funds available for sustainable development; whereas responsible tax behaviour by multinational enterprises is an essential element of the principles of Corporate Social Responsibility; |
Or. en
COMPROMISE 10
COMP 10
Compromise supported by Rapporteur, PPE, S&D, RENEW
and replacing Amendment(s) 27, 80, 102, 105, 107
Motion for a resolution
Recital K a (new)
| Motion for a resolution | Amendment |
| K a. whereas on January 20, 2025, the United States issued an Executive Order, enacting a 90-day suspension and reassessment of all foreign assistance programmes, including those administered by USAID, and reaffirmed its withdrawal from the World Health Organisation (WHO) and the Paris Agreement, actions that have serious implications for humanitarian, health and climate initiatives in the Global South; whereas other countries, including some EU countries, also cut their global aid budgets, placing immense pressure on the international development and humanitarian sector; |
Recital K b (new)
| Motion for a resolution | Amendment |
| K b. whereas this US Executive Order puts the EU in a decisive role in global development cooperation and the EU should assess how to strategically address critical shortfalls, particularly in sectors where stability, economic development, and humanitarian support are at risk, while ensuring a coordinated approach with international partners; |
Or. en
COMPROMISE 11
COMP 11
Compromise supported by Rapporteur, S&D, RENEW
and replacing Amendment(s) 116, 117
Motion for a resolution
Paragraph 1
| Motion for a resolution | Amendment |
| 1. Reiterates that EU development policy must be driven by the principles and objectives set out in the UN 2030 Agenda for Sustainable Development, the Paris Agreement and the Addis Ababa Action Agenda; | 1. Reiterates that EU development policy must be driven by the principles and objectives set out in the UN 2030 Agenda for Sustainable Development, the Paris Agreement and the Addis Ababa Action Agenda and must ensure the application of a human right based and human centered approach, in line with Article 208 TFEU, the European Consensus on Development, the GAP III, the YAP, and International Human Rights Law; |
Or. en
COMPROMISE 12
COMP 12
Compromise supported by Rapporteur, S&D, RENEW, Verts/ALE, The Left
and replacing Amendment(s) 121, 122, 123, 126, 162
Motion for a resolution
Paragraph 1 a (new)
| Motion for a resolution | Amendment |
| 1 a. Acknowledges that the existing financial architecture presents ongoing challenges in preventing and addressing debt crises, highlighting the need to strengthen the tools available for promoting responsible financing and long-term debt sustainability; considers that, in view of the insufficient progress towards the SDGs, the SDG financing gap, and the multitude of recent crises, the 4th Financing for Development Conference (FfD4) in Seville is an urgently needed opportunity to set up a fair and efficient multilateral debt work-out mechanism, to help strengthening multilateralism, supporting systemic changes that address long-standing inequalities, defining concrete commitments, reinforcing the EU's credibility as a development partner, as well as making substantial progress on ensuring stable financing for sustainable development worldwide; stresses that mobilisation and effective use of domestic resources, underpinned by the principle of national ownership, are also essential for sustainable development; |
Paragraph 1 b (new)
| Motion for a resolution | Amendment |
| 1 b. Calls on the EU to take effective measures against the shrinking of civic space, and ensure civil society participation in the reform of the current structures for financing for development; |
Paragraph 1 c (new)
| Motion for a resolution | Amendment |
| 1 c. Reiterates that EU development policy expenditure must, for at least 93%, fulfil the criteria for ODA, and that at least 85% of new actions should have gender equality as a principal or significant objective, and that at least 5% should have gender equality as the principal objective; |
Or. en
COMPROMISE 13
COMP 13
Compromise supported by Rapporteur, S&D, ECR, The Left, RENEW
and replacing Amendment(s) 127, 128, 130
Motion for a resolution
Paragraph 2
| Motion for a resolution | Amendment |
| 2. Emphasises the need for a comprehensive and integrated approach to development financing, as outlined in the Bridgetown Initiative, which calls for liquidity and debt sustainability issues to be addressed, development finance to be scaled up and private capital to be mobilised to achieve the SDGs; | 2. Emphasises the need for a comprehensive, integrated and people-centred approach to development financing in line with the Bridgetown Initiative, which calls for liquidity and debt sustainability issues to be addressed, for democratisation of financial institutions and debt relief to be implemented, for development and climate finance to be scaled up and for private capital to be increased to achieve the SDGs; stresses the importance of strengthening cooperation with like-minded partners; |
Or. en
COMPROMISE 14
COMP 14
Compromise supported by Rapporteur, PPE, S&D, RENEW, Verts/ALE
and replacing Amendment(s) 136, 137, 139
Motion for a resolution
Paragraph 3
| Motion for a resolution | Amendment |
| 3. Urges the EU and its Member States to work towards mobilising an additional USD 500 billion per year for climate change mitigation and adaptation in developing countries, as proposed in the latest version of the Bridgetown Initiative; | 3. Recalls the commitment taken at COP 29 in form of the Baku-Belem roadmap to mobilise 1.3 trillion USD per year for development cooperation by 2035; urges the EU and its Member States to work together with their partners towards achieving this goal, on global level, encouraging cumulative polluters to take their part in climate change mitigation and adaptation in developing* countries, as well as for loss and damages, through public concessional and non-debt creating instruments, in line with the “Baku to Belem Roadmap” agreed at COP 29; emphasises in this context the need for private investment to provide the necessary funds; |
Or. en
COMPROMISE 15
COMP 15
Compromise supported by Rapporteur, PPE, RENEW, Verts/ALE, The Left
and replacing Amendment(s) 144, 145
Motion for a resolution
Paragraph 4
| Motion for a resolution | Amendment |
| 4. Calls for the establishment of specific taxes, such as a levy on the windfall profits of fossil fuel companies, financial transactions and emissions on shipping and aviation, to help finance global public goods and support sustainable development; | 4. Calls for the exploration of innovative financing mechanisms, including market-based instruments and for contributions from sectors benefiting from globalisation, and establishment of specific taxes to help finance global public goods, reduce inequalities within and between countries, contribute to climate objectives and support regional sustainable development; notes that growth, competitiveness and stability of the economies is also a necessary precondition for increasing ODA financing; |
Or. en
COMPROMISE 16
COMP 16
Compromise supported by Rapporteur, PPE, S&D, RENEW, Verts/ALE
and replacing Amendment(s) 148, 149, 150, 151, 156, 225
Motion for a resolution
Paragraph 5
| Motion for a resolution | Amendment |
| 5. Stresses the importance of policy coherence for development as a fundamental part of the EU’s contribution to achieving the SDGs; | 5. Stresses the importance of policy coherence for development (PCD), including gender and climate goals, as a fundamental part of the EU’s contribution to achieving the SDGs; calls for mainstreaming development goals into all EU policies that affect developing countries; taking into account their legitimate concerns as regards the impact from European legislation; welcomes the Global Gateway strategy and highlights the importance of any EU development initiative to comply with a right-based approach and be linked to human development at all times; insist that EU development initiatives should never contribute in any way to enhancing the debt crisis or increasing inequalities; stresses furthermore that PCD implementation is essential to address the structural causes of global south unsustainable indebtedness; |
Or. en
COMPROMISE 17
COMP 17
Compromise supported by Rapporteur, S&D, RENEW, The Left
and replacing Amendment(s) 158, 160, 164, 165, 167
Motion for a resolution
Paragraph 6
| Motion for a resolution | Amendment |
| 6. Underlines the importance of fostering stronger, more inclusive multi-stakeholder partnerships and of tailoring development partnerships to reflect the capacities and needs of partner countries; | 6. Underlines the importance of fostering stronger, more inclusive multi-stakeholder partnerships, fully taking into account the views and standpoints of our development partner countries, also on the regional and local level, as well as of other stakeholders such as international institutions, development banks, non-governmental and civil society organisations, or academia and think tanks and of tailoring development partnerships based on equality to reflect the capacities and needs of partner countries, as outlined in the European Consensus on Development; considers that financial support for partner countries, being often essential, still cannot fully replace, but strongly complement domestic efforts with the aim to catalyse economic growth and build on social security, while facilitating investments in integral human development, in particular in education and job creation as one of the main tools to eradicate poverty, and, having regard to the principle of common but differentiated responsibilities, underlines that partnerships should be built on mutual interests and shared values, prioritising sustainable development and the needs of people; stresses the importance of respecting human rights and ensuring a people-centred approach; |
Or. en
COMPROMISE 18
COMP 18
Compromise supported by Rapporteur, S&D, RENEW, Verts/ALE, The Left
and replacing Amendment(s) 168, 169, 171, 192
Motion for a resolution
Paragraph 7
| Motion for a resolution | Amendment |
| 7. Calls for the reform of the Common Framework to ensure fair burden-sharing among all creditors, including multilateral development banks where necessary, without jeopardising their financial health, to deal in particular with problems such as enormous delays in implementing restructurings and the lack of a common understanding and enforceable rules as regards the comparability of treatment of official and private creditors; | 7. In view of the increasing number of low-income countries in debt distress or at high risk thereof; calls for the opening of an intergovernmental process to set up a UN Framework Convention on Sovereign Debt to address responsible financing with the purpose of preventing and resolving unsustainable debts; urges the EU and its Member States to support this process, to ensure fair burden-sharing among all creditors, including multilateral development banks where necessary, without jeopardising their financial health, to deal in particular with problems such as enormous delays in implementing restructurings and the lack of a common understanding and enforceable rules as regards the comparability of treatment of official and private creditors; |
Or. en
COMPROMISE 19
COMP 19
Compromise supported by Rapporteur, PPE, S&D, RENEW, Verts/ALE, The Left
and replacing Amendment(s) 179, 180, 181, 182
Motion for a resolution
Paragraph 9
| Motion for a resolution | Amendment |
| 9. Finds, however, that any such debt relief must be accompanied by internationally agreed principles on responsible borrowing and lending, including higher transparency and accountability standards, capacity building and fighting against corruption; | 9. Finds, however, that any such debt relief must be accompanied by internationally agreed principles on responsible borrowing and lending, including implementation and monitoring mechanisms, as well as by higher transparency and accountability standards, capacity building and fighting against corruption; highlights that, in order to be effective, responsible lending and borrowing principles need to go beyond voluntary approaches; highlights in this context the importance of committing to international human rights, civic and civil society engagement; |
Or. en
COMPROMISE 20
COMP 20
Compromise supported by Rapporteur, S&D, RENEW, Verts/ALE
and replacing Amendment(s) 185, 198, 199
Motion for a resolution
Paragraph 12
| Motion for a resolution | Amendment |
| 12. Calls for highly concessional financing of the ecological transition, in particular for mobilising more resources for the Loss and Damage Fund; | 12. Points out that climate finance and financing for biodiversity and ecosystems especially in the most vulnerable countries is grossly inadequate; calls for increasing grants and highly concessional financing of the ecological transition, in particular for climate mitigation and adaptation especially for least developed countries and small island developing states and for mobilising more resources for adaptation and the operationalisation of the Loss and Damage Fund notes, in this context, that only 50% of the EU’s total climate finance remains provided in the form of grants; |
Or. en
COMPROMISE 21
COMP 21
Compromise supported by Rapporteur, S&D, RENEW, The Left
and replacing Amendment(s) 202, 203, 204, 205
Motion for a resolution
Paragraph 13
| Motion for a resolution | Amendment |
| 13. Calls for the implementation of a rules-based, automatic quota reallocation system in the International Monetary Fund (IMF) to better reflect the changing global economic landscape and ensure fairer representation of emerging economies; in the meantime, calls for IMF special drawing rights to be rechannelled to developing countries and multilateral development bank (MDBs), and for such rights to continue to be regularly allocated; | 13. Calls for the implementation of a rules-based, automatic quota reallocation system in the International Monetary Fund (IMF) to better reflect the changing global economic landscape and ensure fairer representation of emerging economies, as well as low income and least developed countries; in the meantime, calls for IMF special drawing rights to be rechannelled to developing* countries and multilateral development banks (MDBs), in line with the Bridgetown initiative, the UN Secretary-General’s SDG Stimulus and the initiatives of the AfDB and the IDB, and for such rights to continue to be regularly allocated; in line with the principle of common but differentiated responsibilities; |
Or. en
COMPROMISE 22
COMP 22
Compromise supported by Rapporteur, S&D, RENEW
and replacing Amendment(s) 207, 208
Motion for a resolution
Paragraph 15
| Motion for a resolution | Amendment |
| 15. Supports the establishment of a joint committee for governance reforms in the Bretton Woods Institutions to enhance transparency, inclusivity and diversity in leadership and staff; | 15. Welcomes the commitment in the Zero Draft on the FfD4 Outcome to gender balance in executive boards of all international organisations; supports the establishment of a joint committee for governance reforms in the Bretton Woods Institutions to enhance transparency, inclusivity, such as through a fairer representation in decision-making bodies and fair access to finance and diversity in leadership and staff; |
Or. en
COMPROMISE 23
COMP 23
Compromise supported by Rapporteur, S&D, RENEW, ECR
and replacing Amendment(s) 218, 220, 223
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Emphasises once more the crucial role of private finance to close the financing gap in achieving the SDGs, while recalling that private sector investment in least developed countries and in critical public services such as health, education and social protection, continues to be more difficult; | 16. Emphasises once more the crucial role of the mobilisation of private finance to close the financing gap in achieving the SDGs and calls for more action to facilitate private sector involvement in development cooperation and encourage companies to invest in less developed countries; recalls, however, that private sector investment and blended finance instruments have proven to be not always effective or sufficient in least developed and fragile states, especially in critical public services such as health, education and social protection, and cannot fully replace public investment, thus requiring special attention from international donors, governments and MDBs; recognises, however, the potential role of enhanced public-private partnerships (PPP), particularly in the field of technical and vocational training, upskilling and reskilling; |
Or. en
COMPROMISE 24
COMP 24
Compromise supported by Rapporteur, PPE, S&D, RENEW, Verts/ALE
and replacing Amendment(s) 161, 228, 229, 230, 231
Motion for a resolution
Paragraph 17
| Motion for a resolution | Amendment |
| 17. Insists that a conducive business enabling environment is essential for private investment, including through the rule of law, transparency, good governance, anti-corruption measures, investor and consumer protection, and fair competition; calls for further improved access to affordable financing for the informal sector, dominated by micro- and small businesses, often led by women; | 17. Insists that a conducive business enabling environment is essential for private investment, including through the rule of law, transparency, good governance, anti-corruption measures, investor and consumer protection, and fair competition; calls on the European Commission to monitor and further improve mechanisms that will provide a security guarantee for European investors, on the other hand, stresses the need to rebalance investors’ rights with obligations towards the host State i.e. by supporting the local economy through technology transfer and by utilising local labour and inputs, so as to ensure that FDI translates into wider socioeconomic benefits for the society; calls for further improved access to affordable financing for the informal sector, dominated by micro- and small businesses, often led by women; calls for scaled-up EIB guarantee programs to financially support small and medium-sized enterprises; |
Paragraph 17 a (new)
| Motion for a resolution | Amendment |
| 17 a. Recalls that the security landscape is a decisive factor for investments and for sustainable development; highlights in this context the role and activities of religious institutions, women and all civil-society actors in conflict resolution and management, contributing to peace and security; more generally, emphasises the interconnectedness of development and security and stresses the necessity of further advancing a well-defined development-peace and security nexus; |
Or. en
COMPROMISE 25
COMP 25
Compromise supported by Rapporteur, PPE, S&D, RENEW, Verts/ALE
and replacing Amendment(s) 236, 237, 238, 239
Motion for a resolution
Paragraph 18
| Motion for a resolution | Amendment |
| 18. Calls for the establishment of a dedicated SDG investment facilitation mechanism to identify and develop investment-ready opportunities aligned with the SDGs in least developed countries; | 18. Calls for the establishment of a dedicated SDG investment facilitation mechanism carried by the international community to identify and develop investment-ready opportunities aligned with the SDGs in least developed countries; leveraging the UNDP SDG Investor Platform's success in identifying over 600 investment opportunity areas in emerging markets; recalls that SMEs play an important role in achieving the SDGs and therefore need to be encouraged and incentivised by EU policies to actively participate in initiatives contributing to sustainable development in developing* countries; on the other hand, urges the EU and its Member States to prioritise allocation of grants and concessional financing based on vulnerabilities, namely in LDCs, fragile or conflict-affected countries, and to engage in coordination with relevant stakeholders including civil society actors; |
Or. en
COMPROMISE 26
COMP 26
Compromise supported by Rapporteur, PPE, S&D, RENEW, Verts/ALE
and replacing Amendment(s) 244, 245, 246, 248
Motion for a resolution
Paragraph 19
| Motion for a resolution | Amendment |
| 19. Urges the expansion of innovative financing mechanisms, such as blended finance, to mobilise private capital for SDG-aligned projects in least developed countries (LDCs), emphasising the need to double current finance flows to nature-based solutions; | 19. Urges the expansion of innovative financing mechanisms to mobilise private capital for SDG-aligned projects in least developed countries (LDCs) and fragile states, emphasising the need to double current finance flows to nature-based solutions from 154 billion USD to at least 384 billion USD per year by 2025, to effectively address biodiversity loss, land degradation ecosystem destruction and climate change; |
Or. en
COMPROMISE 27
COMP 27
Compromise supported by Rapporteur, S&D, RENEW
and replacing Amendment(s) 261, 263
Motion for a resolution
Paragraph 22
| Motion for a resolution | Amendment |
| 22. Welcomes the two-pillar solution for addressing the tax challenges arising from the digitalisation and globalisation of the economy, but deplores that Pillar 1 on reallocation of taxing rights has still not entered into force; calls for the EU and its Member States to ensure that the agreed global minimum corporate tax rate of 15 % for multinational enterprises is effectively applied, and urges the EU to support capacity building initiatives in developing countries to effectively implement that minimum tax rate; | 22. Welcomes the two-pillar solution for addressing the tax challenges arising from the digitalisation and globalisation of the economy, as agreed by the members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting, as a step forward, takes note, however, that a group of developing countries has expressed dissatisfaction with the outcome, highlighting concerns around equity and inclusivity within the OECD Inclusive Framework; regrets that Pillar 1 on reallocation of taxing rights has still not entered into force and calls for the acceleration of its implementation, ensuring a fair reallocation of taxing rights to market jurisdictions, particularly benefiting developing countries; calls for the EU and its Member States to ensure that the agreed global minimum corporate tax rate of 15% for multinational enterprises is effectively applied, and urges the EU to support capacity building initiatives in developing* countries to effectively implement that minimum tax rate, ensuring they can benefit from the new rules and increase their domestic resource mobilisation; |
Or. en
COMPROMISE 28
COMP 28
Compromise supported by Rapporteur, S&D, RENEW, Verts/ALE
and replacing Amendment(s) 259, 266, 270
Motion for a resolution
Paragraph 22 a (new)
| Motion for a resolution | Amendment |
| 22 a. Urges the international community to take concrete steps in the creation and implementation of a UN Framework Convention on International Tax Cooperation; takes the view that such UN Convention on Tax should be designed with a view to ensuring a fair division of taxing rights between nation states and whilst duly considering national tax sovereignty, support efforts to tackle harmful tax practices and illicit financial flows; in this context, stresses that the EU should play a proactive role in enabling developing countries to mobilise domestic resources, in particular through enhanced tax governance, and that the EU should take the lead in combatting illicit financial flows; |
Or. en
COMPROMISE 29
COMP 29
Compromise supported by Rapporteur, PPE, RENEW
and replacing Amendment(s) 272, 274
Motion for a resolution
Paragraph 24
| Motion for a resolution | Amendment |
| 24. Supports the initiative of Brazil at the most recent G20 summit for a coordinated minimum tax on ultra-high net worth individuals, equal to 2 % of their wealth; | 24. Supports the decision of G20 finance ministers to ensure that ultra-high net worth individuals are effectively taxed; considers that the initiative of Brazil at the most recent G20 summit for a coordinated minimum tax on ultra-high net worth individuals equal to 2% of their wealth, which is estimated to raise up to 250 billion USD annually, is worth to be considered further; |
Or. en
COMPROMISE 30
COMP 30
Compromise supported by Rapporteur, PPE, S&D, RENEW
and replacing Amendment(s) 285, 288, 289
Motion for a resolution
Paragraph 27
| Motion for a resolution | Amendment |
| 27. Emphasises that, despite the EU and its Member States remaining the largest global ODA provider, the collective ODA/gross national income ratio has declined from 0.56 % in 2022 to 0.51 % in 2023, falling well short of the 0.7 % target; calls for urgent action to address the cumulative shortfall in meeting the 0.7 % target; is alarmed by the worrying trends that further cut ODA in many Member States and in the EU budget; | 27. Emphasises that, despite the EU and its Member States remaining the largest global ODA provider, accounting for 42% of global ODA in 2022 and 2023, the collective ODA/gross national income ratio has declined from 0.56% in 2022 to 0.51% in 2023, falling well short of the 0.7% target; calls for urgent action to address the cumulative shortfall in meeting the 0.7% target; is alarmed by the worrying trends that further cut ODA in many Member States and in the EU budget as well as by other global leading donors, leading to a further increase in the global financing gap for development; encourages Member States to increase their ODA budgets in the light of the current geopolitical situation; stresses the need to use development cooperation efficiently, to invest more specifically in those partner countries that promote, among other things, democratic reform efforts, access to social security systems and economic self-reliance; |
Or. en
COMPROMISE 31
COMP 31
Compromise supported by Rapporteur, S&D, RENEW
and replacing Amendment(s) 295, 297, 298
Motion for a resolution
Paragraph 28
| Motion for a resolution | Amendment |
| 28. Urges the EU and Member States to prioritise reaching the immediate target of 0.15 % ODA/gross national income for LDCs; | 28. Urges the EU and Member States to prioritise reaching the immediate target of 0.15% ODA/gross national income for LDCs, and take concrete actions to fulfil this commitment, with a view to rapidly scaling up efforts to achieve 0.20% ODA/GNI for LDCs; notes that the impact of development financing also depends on the efficiency of implementation of funding; |
Or. en
COMPROMISE 32
COMP 32
Compromise supported by Rapporteur, S&D, RENEW
and replacing Amendment(s) 315, 316
Motion for a resolution
Paragraph 30
| Motion for a resolution | Amendment |
| 30. Stresses the need for a comprehensive approach to development financing, aligning the Neighbourhood, Development and International Cooperation Instrument – Global Europe with the SDGs and the Paris Agreement; | 30. Stresses the need for a comprehensive approach to development financing, aligning the Neighbourhood, Development and International Cooperation Instrument – Global Europe with the SDGs and the Paris Agreement, while ensuring that the allocation of EUR 79.5 billion for 2021-2027 is used effectively to address global challenges; urges the creation of a system for Parliamentary oversight of NDICI-capital flows to ensure their alignment with the dedicated targets for development; |
Or. en