Sittings · Document

Draft report (COM(2024)0461 – C9-0121/2024 – 2024/0071(COD)) 2025-02-11

Macro-financial assistance to the Arab Republic of Egypt

Committee on International Trade

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Amendment 14

Emmanouil Fragkos

Proposal for a decision

Recital 1

Text proposed by the Commission

Amendment

(1) Relations between the European Union and the Arab Republic of Egypt (‘Egypt’) are developed within the framework of the EU-Egypt Association Agreement, in force since 2004. The EU and Egypt adopted the latest EU-Egypt Partnership Priorities (2021-2027) at the ninth EU-Egypt Association Council on 19 June 2022. The Partnership Priorities reconfirm the joint aim to address common challenges facing the EU and Egypt, promote joint interests and guarantee long-term stability and sustainable development on both sides of the Mediterranean. The shared commitment to the universal values of democracy, rule of law and respect for human rights continues to underpin the Partnership Priorities, as also reflected in the EU-Egypt Multi-Annual Indicative Programme for the period of 2021-2027.

(1) Relations between the European Union and the Arab Republic of Egypt (‘Egypt’) are developed within the framework of the EU-Egypt Association Agreement, in force since 2004. The EU and Egypt adopted the latest EU-Egypt Partnership Priorities (2021-2027) at the ninth EU-Egypt Association Council on 19 June 2022. The Partnership Priorities reconfirm the joint aim to address common challenges facing the EU and Egypt, promote joint interests and guarantee long-term stability and sustainable development on both sides of the Mediterranean. The Partnership Priorities continue to be underpinned by reciprocal support for mutual interests, which derive from international law.

Or. el

Amendment 15

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 2 a (new)

Text proposed by the Commission

Amendment

(2 a) On 17 March 2024, Egypt and the European Union jointly decided to upgrade their relations to a strategic and comprehensive partnership, based on the values of equity and mutual respect and trust in order to strengthen their common stability, peace and prosperity;

Or. en

Amendment 16

Lynn Boylan

Proposal for a decision

Recital 2 a (new)

Text proposed by the Commission

Amendment

(2 a) Macro-financial assistance must not be used as implicit compensation for non-transparent commitments in the area of migration management, or as an unofficial delegation of European migration policy to a third country.

Or. en

Amendment 17

Emmanouil Fragkos

Proposal for a decision

Recital 3

Text proposed by the Commission

Amendment

(3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development and stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. The improvement of the human rights situation in Egypt will have a positive impact on EU-Egypt relations.

(3) The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on unresolved bilateral issues. The Association Committee of May 2023 provided the institutional platform to exchange on an array of issues, which the EU would like to continue and build on. The steady improvement of the human rights situation in Egypt has a positive impact on EU-Egypt relations.

Or. el

Amendment 18

Lynn Boylan

Proposal for a decision

Recital 3

Text proposed by the Commission

Amendment

(3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development and stability. The engagement between the EU and Egypt over the last period has not improved the extremely worrying human rights issues. The EU requests the immediate and unconditional release of arbitrarily detained political prisoners and journalists. The EU also requires the MFA to include an automatic suspension clause in the event of further documented political arrests or a worsening of the human rights situation. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. The improvement of the human rights situation in Egypt will have a positive impact on EU-Egypt relations.

Or. en

Amendment 19

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 3

Text proposed by the Commission

Amendment

(3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development, good governance and stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. The improvement of the human rights situation and fundamental freedoms thanks to an active, coherent and proactive policy in this area in Egypt will have a positive impact on EU-Egypt relations.

Or. en

Amendment 20

Lynn Boylan

Proposal for a decision

Recital 3

Text proposed by the Commission

Amendment

(3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development and stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. A future improvement of the human rights situation in Egypt, the freedom of expression, the ban on torture are essential prerequisite for the deepening relations between the EU and Egypt.

Or. en

Amendment 21

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Recital 3

Text proposed by the Commission

Amendment

(3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development and economic and social stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. The improvement of the human rights situation in Egypt will have a positive impact on EU-Egypt relations.

Or. en

Amendment 22

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 3

Text proposed by the Commission

Amendment

(3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development and stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. If there is any improvement of the human rights situation in Egypt, this will have a positive impact on EU-Egypt relations.

Or. en

Amendment 23

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 3 a (new)

Text proposed by the Commission

Amendment

(3 a) Egypt's economic and financial situation has been marked by several macroeconomic adjustment programmes implemented under the aegis of the IMF in exchange for credit facilities (USD 12 billion from 2016 to 2019 and USD 3 billion in 2022, rising to USD 8 billion in March 2024);

Or. en

Amendment 24

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Recital 5

Text proposed by the Commission

Amendment

(5) The EU recognises Egypt's key role for regional security and stability. Terrorism, organised crime and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law.

(5) The EU recognises Egypt's key role for regional security and stability. Terrorism, organised crime and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Similarly, energy is also one of the most pressing challenges facing countries on both sides of the Mediterranean. The Energy Cooperation between EU and Egypt in the Eastern Mediterrenean could not only offer a source of economic prosperity for the region but also strengthen energy security for the EU by diversifying energy supplies and encouraging regional collaboration. In that respect, the East Mediterranean Gas Forum (EMGF) serves as a platform of positive regional cooperation. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including UNCLOS, human rights and international humanitarian law.

Or. en

Amendment 25

Thierry Mariani, Christophe Bay, Enikő Győri, András László

Proposal for a decision

Recital 5

Text proposed by the Commission

Amendment

(5) The EU recognises Egypt's key role for regional security and stability. Terrorism, organised crime and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law.

(5) The EU recognises Egypt's key role for regional security and stability. Terrorism, organised crime (particularly human trafficking networks) and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law.

Or. fr

Amendment 26

Enikő Győri, András László

Proposal for a decision

Recital 5

Text proposed by the Commission

Amendment

(5) The EU recognises Egypt's key role for regional security and stability. Terrorism, organised crime and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law.

(5) The EU recognises Egypt's key role for regional security and stability. Terrorism, organised crime, conflicts and illegal migration are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law.

Or. en

Amendment 27

Emmanouil Fragkos

Proposal for a decision

Recital 5

Text proposed by the Commission

Amendment

(5) The EU recognises Egypt's key role for regional security and stability. Terrorism, organised crime and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law.

(5) The EU recognises Egypt's key role for regional security and stability. Terrorism, organised crime and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including the International Law of the Sea.

Or. el

Amendment 28

Thierry Mariani, Christophe Bay

Proposal for a decision

Recital 5 a (new)

Text proposed by the Commission

Amendment

(5a) The EU also recognises that, since 8 June 2014, the presidency of Abdel Fattah al-Sisi has contributed to stability in Egypt and the region, that his decisive action as leader has obviated the collapse of state institutions, and that Islamists from the Freedom and Justice Party, an offshoot of the Muslim Brotherhood, have been prevented from gaining a foothold in the Egyptian political landscape.

Or. fr

Amendment 29

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 6

Text proposed by the Commission

Amendment

(6) Recalling the geo-political challenges, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023 as well as the conflict in Sudan, and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

(6) Recalling the global and regional geo-political challenges and their consequences in the Middle East, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023 leading to the war waged by Israel in Gaza, the conflict in Sudan, the trade disruptions in the Red Sea and the Gulf of Aden, the uncertainties in Syria, the instability in Libya, the growing number of refugees, the Russian war of aggression in Ukraine and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union signed a Strategic and Comprehensive partnership with Egypt on 17 March 2024.

Or. en

Amendment 30

Brando Benifei, Kathleen Van Brempt

Proposal for a decision

Recital 6

Text proposed by the Commission

Amendment

(6) Recalling the geo-political challenges, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023, followed by Israel’s large-scale military offensive in Gaza causing a dramatic humanitarian crisis, the conflict in Sudan and the instability in Syria, Egypt’s responsibilities as a host to large numbers of refugees and migrants and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

Or. en

Amendment 31

Hana Jalloul Muro

Proposal for a decision

Recital 6

Text proposed by the Commission

Amendment

(6) Recalling the geo-political challenges, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023, followed by Israel's large-scale military offensive in Gaza as well as the conflict in Sudan, the transitional situation in Syria after the fall of Assad regime, and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

Or. en

Amendment 32

Costas Mavrides, Raphaël Glucksmann, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Recital 6

Text proposed by the Commission

Amendment

(6) Recalling the geo-political challenges, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023, followed by Israel's large-scale military offensive in Gaza, as well as the conflict in Sudan and instability in Syria, and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

Or. en

Amendment 33

Daniele Polato

Proposal for a decision

Recital 6

Text proposed by the Commission

Amendment

(6) Recalling the geo-political challenges, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023, safety of navigation in the Red Sea and the Suez Canal, the conflict in Sudan and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

Or. it

Amendment 34

Thierry Mariani, Christophe Bay, Enikő Győri, András László

Proposal for a decision

Recital 6

Text proposed by the Commission

Amendment

(6) Recalling the geo-political challenges, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023, the conflict in Sudan, or the political and migratory situation in Libya, and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

Or. fr

Amendment 35

Lynn Boylan

Proposal for a decision

Recital 6

Text proposed by the Commission

Amendment

(6) Recalling the geo-political challenges, such as the consequences of the devastating conflict between Israel and Palestine, instability in Syria as well as the conflict in Sudan, and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

Or. en

Amendment 36

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 6

Text proposed by the Commission

Amendment

(6) Recalling the geo-political challenges, such as the consequences of the situation in the Middle East as well as the conflict in Sudan, and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

Or. en

Amendment 37

Thierry Mariani, Christophe Bay, Enikő Győri, András László

Proposal for a decision

Recital 6 a (new)

Text proposed by the Commission

Amendment

(6a) Egypt is facing growing migratory challenges; for example, there are more than 9 million refugees in the country, of which 1.2 million have fled the recent conflicts in Sudan, where renewed tensions in Darfur portend a worsening of the situation.

Or. fr

Amendment 38

Lynn Boylan

Proposal for a decision

Recital 6 a (new)

Text proposed by the Commission

Amendment

(6 a) The EU calls on Egypt to ensure official recognition of Palestinian refugees by granting them a clear legal status, guaranteeing their right to legal stay until safe to return and access to essential services, in particular the enrolment of their children in public schools.

Or. en

Amendment 39

Enikő Győri, András László

Proposal for a decision

Recital 7

Text proposed by the Commission

Amendment

(7) The objective of the Strategic and Comprehensive Partnership with Egypt is to elevate the EU-Egypt political relations to a strategic partnership and enable Egypt to fulfil its key role of providing stability in the region. The partnership aims to contribute to support Egypt’s macroeconomic resilience and enable the implementation of ambitious socio-economic reforms in a manner that complements and reinforces the reform process foreseen under the IMF programme for Egypt. As outlined in the Joint Declaration, the partnership will address a wide set of policy measures clustered across six pillars of intervention, namely: political relations; economic stability; investment and trade; migration; security and law enforcement cooperation; demography and human capital.

(7) The objective of the Strategic and Comprehensive Partnership with Egypt is to elevate the EU-Egypt political relations to a strategic partnership and enable Egypt to fulfil its key role of providing stability in the region with special regards to countering illegal migration flows to Europe. The partnership aims to contribute to support Egypt’s macroeconomic resilience and enable the implementation of ambitious socio-economic reforms in a manner that complements and reinforces the reform process foreseen under the IMF programme for Egypt. As outlined in the Joint Declaration, the partnership will address a wide set of policy measures clustered across six pillars of intervention, namely: political relations; economic stability; investment and trade; migration; security and law enforcement cooperation; demography and human capital.

Or. en

Amendment 40

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 7

Text proposed by the Commission

Amendment

(7) The objective of the Strategic and Comprehensive Partnership with Egypt is to elevate the EU-Egypt political relations to a strategic partnership and enable Egypt to fulfil its key role of providing stability in the region. The partnership aims to contribute to support Egypt’s macroeconomic resilience and enable the implementation of ambitious socio-economic reforms in a manner that complements and reinforces the reforms aimed at enhancing social cohesion and reducing poverty. As outlined in the Joint Declaration, the partnership will address a wide set of policy measures clustered across six pillars of intervention, namely: political relations; economic stability; investment and trade; migration in full respect of human rights; security and law enforcement cooperation; demography and human capital.

Or. en

Amendment 41

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 7

Text proposed by the Commission

Amendment

(7) The objective of the Strategic and Comprehensive Partnership with Egypt is to enable Egypt to fulfil its key role of providing stability in the region, the Middle East and North Africa. The partnership aims to contribute to support Egypt’s macroeconomic resilience and enable the implementation of ambitious socio-economic reforms in a manner that complements and reinforces the reform process foreseen under the IMF programme for Egypt. As outlined in the Joint Declaration, the partnership will address a wide set of policy measures clustered across six pillars of intervention, namely: political relations; economic stability; investment and trade; migration; security and law enforcement cooperation; demography and human capital.

Or. en

Amendment 42

Daniele Polato

Proposal for a decision

Recital 7 a (new)

Text proposed by the Commission

Amendment

(7a) The partnership should serve to strengthen relations between the European Union and Egypt, particularly in the fields of energy, trade, migration and the combating of terrorism, promoting a 'win-win' approach that it not based purely on assistance nor predatory, in line with initiatives such as the Global Gateway and the Mattei Plan for Africa.

Or. it

Amendment 43

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 8

Text proposed by the Commission

Amendment

(8) Underpinning the partnership will be a financial package of EUR 7.4 billion consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda, as well as increased amounts available to support investments in Egypt and targeted support for the implementation of the different strategic priorities. Part of the support package is the EU MFA package of up to EUR 5 billion in loans, composed of two MFA operations, one short-term for up to EUR 1 billion and a regular, more medium-term one for up to EUR 4 billion, financial instruments, such as guarantees and blending instruments, aimed at mobilising public and private investments with the objective of generating substantial new investments. This will be complemented by programmes to support specific priorities under the Strategic and Comprehensive Partnership through individual projects and technical assistance implemented under the Neighbourhood, Development and International Cooperation Instrument2 .

(8) Underpinning the partnership is a financial package of EUR 7.4 billion consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda, as well as increased amounts available to support investments in Egypt and targeted support for the implementation of the different strategic priorities, particularly in terms of migration and renewable energy. Part of the support package is the EU MFA package of up to EUR 5 billion in concessional loans, composed of two MFA operations, one short-term for up to EUR 1 billion and a regular, more medium-term one for up to EUR 4 billion, financial instruments, such as guarantees and blending instruments, aimed at mobilising public and private investments with the objective of generating substantial new investments. This will be complemented by programmes to support specific priorities under the Strategic and Comprehensive Partnership through individual projects and technical assistance implemented under the Neighbourhood, Development and International Cooperation Instrument2 .

_________________

2 Established by Regulation (EU) 2021/947 of the European Parliament and of the Council of 9 June 2021 establishing the Neighbourhood, Development and International Cooperation Instrument – Global Europe, amending and repealing Decision No 466/2014/EU and repealing Regulation (EU) 2017/1601 and Council Regulation (EC, Euratom) No 480/2009 (OJ L 209, 14.6.2021, p. 1)

Or. en

Amendment 44

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 8

Text proposed by the Commission

Amendment

(8) Underpinning the partnership will be a financial package of EUR 7.4 billion consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda, as well as increased amounts available to support investments in Egypt and targeted support for the implementation of the different strategic priorities. Part of the support package is the EU MFA package of up to EUR 5 billion in loans, composed of two MFA operations, one short-term for up to EUR 1 billion and a regular, more medium-term one for up to EUR 4 billion, financial instruments, such as guarantees and blending instruments, aimed at mobilising public and private investments with the objective of generating substantial new investments that benefit the majority. This will be complemented by programmes to support specific priorities under the Strategic and Comprehensive Partnership through individual projects and technical assistance implemented under the Neighbourhood, Development and International Cooperation Instrument2 .

_________________

Or. en

Amendment 45

Brando Benifei, Kathleen Van Brempt

Proposal for a decision

Recital 8

Text proposed by the Commission

Amendment

(8) Underpinning the partnership will be a financial package of EUR 7.4 billion consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda, as well as increased amounts available to support investments in Egypt and targeted support for the implementation of the different strategic priorities. Part of the support package is the EU MFA package, composed of at least three MFA operations, one short-term for up to EUR 1 billion, a regular, more medium-term one for up to EUR 2 billion, followed by a final operation up to 2 billion, financial instruments, such as guarantees and blending instruments, aimed at mobilising public and private investments with the objective of generating substantial new investments. This will be complemented by programmes to support specific priorities under the Strategic and Comprehensive Partnership through individual projects and technical assistance implemented under the Neighbourhood, Development and International Cooperation Instrument2 .

_________________

Or. en

Amendment 46

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 9

Text proposed by the Commission

Amendment

(9) Egypt’s macro-fiscal situation has faced significant challenges and deteriorated substantially over recent months, as external pressures have intensified and public debt has increased further, with substantial downside risks to the economic outlook persisting. The repercussions of Russia’s war on Ukraine and the geopolitical tensions and conflicts in the Middle East have led to protracted capital outflows and lower foreign currency receipts, notably due to sharply falling income from tourism and Suez Canal proceeds, gas production and loss of confidence among foreign investors . This is particularly challenging amid Egypt’s difficult fiscal situation, which is characterised by constant fiscal deficits and high and growing debt to GDP ratios. Despite this difficult external context, Egypt was able to implement in 2024 reforms to help preserve macroeconomic stability, such as the unification of exchange rates and progress in tightening monetary policy.

Or. en

Amendment 47

Lynn Boylan

Proposal for a decision

Recital 9

Text proposed by the Commission

Amendment

(9) Egypt’s macro-fiscal situation has faced significant challenges and deteriorated substantially over recent months, as external pressures have intensified and public debt has increased further, with substantial downside risks to the economic outlook persisting. The repercussions of Russia’s war on Ukraine, the devastating conflict between Israel and Palestine and uncertainty in Syria have led to protracted capital outflows and lower foreign currency receipts, notably due to sharply falling income from tourism and Suez Canal proceeds. This is particularly challenging amid Egypt’s difficult fiscal situation, which is characterised by constant fiscal deficits and high and growing debt to GDP ratios.

Or. en

Amendment 48

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Recital 9

Text proposed by the Commission

Amendment

Or. en

Amendment 49

Lynn Boylan

Proposal for a decision

Recital 11

Text proposed by the Commission

Amendment

(11) After the adoption of a follow-up IMF programme in December 2022, reform progress was less noticeable, although Egypt has implemented steps to level the playing field between public and private companies through a law to abolish tax privileges of SOEs, albeit with exemptions on the basis of national security, and through the adoption of a state ownership policy, aiming at reducing the presence of the state in the economy, which remains large and distorting despite recent limited progress and clarifying the rationale of continued state involvement in certain strategic sectors. However, Egypt did not implement its commitment to make the currency durably flexible in 2023, leading to a largely stable official exchange rate and a substantial parallel currency market with a significantly depreciated and highly volatile exchange rate. This fragmentation weighed heavily on foreign investment and domestic business activity.

(11) Stresses Egypt's legitimacy in favoring its public companies. Deeply regrets the IMF's policy, which forced Egypt to pass a law in 2022 against tax privileges for public companies in favor of private interests. Recalls that the necessary sovereignty of States must be reinforced in the context of market deregulation and its dramatic impact in terms of increased inequality and impoverishment of the most vulnerable populations. Reducing the State's footprint in the economy and limiting its possible intervention in strategic sectors are obsolete ideological elements, which fail to take account of the social damage caused by deregulation and the imperative need to control the excesses inherent to the market.

Or. en

Amendment 50

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 11

Text proposed by the Commission

Amendment

(11) After the adoption of a follow-up IMF programme in December 2022, reform progress was less noticeable, although Egypt has implemented steps to level the playing field between public and private companies through a law to abolish tax privileges of SOEs, albeit with exemptions on the basis of national security, and through the adoption of a state ownership policy, aiming at reducing the presence of the Egyptian military in the economy. However, Egypt did not implement its commitment to make the currency durably flexible in 2023, leading to a largely stable official exchange rate and a substantial parallel currency market with a significantly depreciated and highly volatile exchange rate. This fragmentation weighed heavily on foreign investment and domestic business activity.

Or. en

Amendment 51

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 12

Text proposed by the Commission

Amendment

(12) Egypt re-engaged with the IMF in early 2024 and reached a staff-level agreement on 6 March 2024 on a revamped Extended Fund Facility programme scaled up to USD 8 billion. The new programme is expected to be adopted by IMF Executive Board decision in March 2024 and aims to address the areas of 1) credible exchange rate flexibility, 2) sustainable tightening of monetary policy, 3) fiscal consolidation to preserve debt sustainability, 4) a new framework to rein in infrastructure spending, 5) providing adequate levels of social spending to protect vulnerable groups, and 6) implementation of the State Ownership Policy and reforms to level the playing field. Together with the staff level agreement’s signature, Egypt also enacted a flexibilisation of the exchange rate, and raised the central bank’s key policy rate by a sizeable 600 basis points, in line with the IMF programme’s priorities.

(12) Egypt re-engaged with the IMF in early 2024 and reached a staff-level agreement on 6 March 2024 on a revamped Extended Fund Facility programme scaled up to USD 8 billion. Negotiations at expert level on the fourth revision of Egypt's economic reform programme were concluded in December 2024. The new programme aims to address the areas of 1) credible exchange rate flexibility, 2) sustainable tightening of monetary policy, 3) fiscal consolidation to preserve debt sustainability, 4) a new framework to rein in infrastructure spending, 5) providing adequate levels of social spending to protect vulnerable groups from the cost of living and energy price rises, and 6) implementation of the State Ownership Policy and reforms to level the playing field by promoting the development of the private sector in the economy. Together with the staff level agreement’s signature, Egypt also enacted a flexibilisation of the exchange rate, and raised the central bank’s key policy rate by a sizeable 600 basis points, in line with the IMF programme’s priorities.

Or. en

Amendment 52

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 14

Text proposed by the Commission

Amendment

(14) Given that Egypt is a country covered by the European Neighbourhood Policy, it should be considered to be eligible to receive macro-financial assistance from the Union.

(14) Given that Egypt is a country covered by the European Neighbourhood Policy, it should be considered to be eligible to receive macro-financial assistance from the Union, should it meet the political pre-conditions with regards to democracy, human rights and the rule of law.

Or. en

Amendment 53

Enikő Győri, András László

Proposal for a decision

Recital 14

Text proposed by the Commission

Amendment

(14) Given that Egypt is a country covered by the European Neighbourhood Policy, it should be considered to be eligible to receive macro-financial assistance from the Union.

(14) Given that Egypt is a country covered by the European Neighbourhood Policy, and plays a significant role in curbing migratory flows to Europe, it should be considered to be eligible to receive macro-financial assistance from the Union.

Or. en

Amendment 54

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 16

Text proposed by the Commission

Amendment

(16) Given that there is still a significant residual external financing gap in Egypt's balance of payments over and above the resources provided by the IMF and other multilateral institutions, the Union macro-financial assistance to be provided to Egypt is, under the current exceptional circumstances, considered to be an appropriate response to Egypt's request for support to the economic stabilisation, in conjunction with the IMF programme. The Union's macro-financial assistance package, including the MFA of up to EUR 4 billion under this proposal, would support the economic stabilisation and the structural reform agenda of Egypt, supplementing resources made available under the IMF's financial arrangement.

(16) Given that there is still a significant residual external financing gap in Egypt's balance of payments over and above the resources provided by the IMF and other multilateral institutions, the Union macro-financial assistance to be provided to Egypt is, under the current exceptional circumstances, considered to be an appropriate response to Egypt's request for support to the economic stabilisation, in conjunction with the IMF programme. The Union's macro-financial assistance package, including the MFA of up to EUR 4 billion under this proposal, should support the economic stabilisation and the structural reform agenda of Egypt, supplementing resources made available under the IMF's financial arrangement, primarily aiming to reduce poverty and inequalities amongst the population.

Or. en

Amendment 55

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 16

Text proposed by the Commission

Amendment

(16) Given that there is still a significant residual external financing gap in Egypt's balance of payments over and above the resources provided by the IMF and other multilateral institutions and regional partners, the Union macro-financial assistance to be provided to Egypt is, under the current exceptional circumstances, considered to be an appropriate response to Egypt's request for support to the economic stabilisation, in conjunction with the IMF programme. The Union's macro-financial assistance package, including the MFA of up to EUR 4 billion under this proposal, would support the economic stabilisation and the structural reform agenda of Egypt, supplementing resources made available under the IMF's financial arrangement.

Or. en

Amendment 56

Brando Benifei, Kathleen Van Brempt

Proposal for a decision

Recital 16

Text proposed by the Commission

Amendment

(16) Given that there is still a significant residual external financing gap in Egypt's balance of payments over and above the resources provided by the IMF and other multilateral institutions, the Union macro-financial assistance to be provided to Egypt is, under the current exceptional circumstances, considered to be an appropriate response to Egypt's request for support to the economic stabilisation, in conjunction with the IMF programme. The Union's macro-financial assistance package, including the MFA of up to EUR 2 billion under this proposal, would support the economic stabilisation and the structural reform agenda of Egypt, supplementing resources made available under the IMF's financial arrangement.

Or. en

Amendment 57

Enikő Győri, András László

Proposal for a decision

Recital 17

Text proposed by the Commission

Amendment

(17) The Union's macro-financial assistance should aim to support the restoration of a sustainable external financing situation for Egypt thereby supporting its economic and social development.

(17) The Union's macro-financial assistance should aim to support the restoration of a sustainable external financing situation for Egypt thereby supporting its economic, social development and also its efforts in curbing migration flows to Europe.

Or. en

Amendment 58

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 17

Text proposed by the Commission

Amendment

(17) The Union's macro-financial assistance should aim to support the restoration of a sustainable external financing situation for Egypt thereby supporting its economic and social development.

(17) The Union's macro-financial assistance should aim to support the restoration of a sustainable external financing situation for Egypt thereby supporting its economic, political and social development.

Or. en

Amendment 59

Lynn Boylan

Proposal for a decision

Recital 19

Text proposed by the Commission

Amendment

(19) The Commission should ensure that the Union's macro-financial assistance is legally and substantially in line with the key principles, objectives and measures taken within the different areas of external action and with other relevant Union policies.

Or. en

Amendment 60

Brando Benifei, Kathleen Van Brempt

Proposal for a decision

Recital 19

Text proposed by the Commission

Amendment

Or. en

Amendment 61

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 19

Text proposed by the Commission

Amendment

(19) As enshrined under Article 212 TFEU, the Commission should ensure that the Union's macro-financial assistance is legally and substantially in line with the key principles, objectives and measures taken within the different areas of external action and with other relevant Union policies.

Or. en

Amendment 62

Emmanouil Fragkos

Proposal for a decision

Recital 21

Text proposed by the Commission

Amendment

(21) The Union's macro-financial assistance should support Egypt's commitment to foster values shared with the Union, including democracy, the rule of law, good governance, respect for human rights, sustainable development and poverty reduction, as well as its commitment to the principles of open, rules-based and fair trade.

(21) The Union's macro-financial assistance should support Egypt's commitment to common interests, which derive from international law, and to the principles of open, rules-based and fair trade.

Or. el

Amendment 63

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Recital 21

Text proposed by the Commission

Amendment

(21) The Union's macro-financial assistance should support Egypt's commitment to foster values shared with the Union, and be conditional upon progress in upholding those values, including democracy, the rule of law, good governance, respect for human rights, sustainable development and poverty reduction, as well as its commitment to the principles of open, rules-based and fair trade.

Or. en

Amendment 64

Emmanouil Fragkos

Proposal for a decision

Recital 22

Text proposed by the Commission

Amendment

(22) A pre-condition for granting the Union's macro-financial assistance to Egypt should be that the country 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. In addition, the specific objectives of the Union's macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

deleted

Or. el

Amendment 65

Hana Jalloul Muro

Proposal for a decision

Recital 22

Text proposed by the Commission

Amendment

(22) A pre-condition for granting the Union's macro-financial assistance to Egypt should be that the country 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. Particular attention shall be paid to the respect for human rights in areas of shared concern between the Union and Egypt, such as migration management, ensuring that cooperation in these fields adheres to international human rights standards. In addition, the specific objectives of the Union's macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

Or. en

Amendment 66

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Recital 22

Text proposed by the Commission

Amendment

(22) A pre-condition for granting the Union's macro-financial assistance to Egypt should be that the country takes concrete and credible steps towards respecting and strengthening effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union's macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service. The Commission and the European External Action Service should report regularly to the European Parliament and the Council with regard to the fulfillment of the pre-condition and the achievement of the specific objectives.

Or. en

Amendment 67

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 22

Text proposed by the Commission

Amendment

(22) A pre-condition for granting the Union's macro-financial assistance to Egypt should be that the country makes 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. In addition, the specific objectives of the Union's macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives reflected in clear and measurable benchmarks on respect of effective democratic mechanisms, the rule of law and human rights as part of the Memorandum of Understanding should be regularly monitored by the Commission services and the European External Action Service.

Or. en

Amendment 68

Brando Benifei, Kathleen Van Brempt

Proposal for a decision

Recital 22

Text proposed by the Commission

Amendment

(22) A pre-condition for granting the Union's macro-financial assistance to Egypt should be that the country takes concrete and credible steps towards respecting and strengthening effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights, including rights of refugees and migrants. In addition, the specific objectives of the Union's macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

Or. en

Amendment 69

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 22

Text proposed by the Commission

Amendment

(22) A pre-condition for granting the Union's macro-financial assistance to Egypt should be that the country continues to make concrete, credible and demonstrable steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system and the rights of the opposition– and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union's macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives will be regularly monitored by the Commission services and the European External Action Service.

Or. en

Amendment 70

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 26

Text proposed by the Commission

Amendment

(26) The Union's macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission and the European External Action Service should regularly inform them of developments relating to the assistance and pre-conditions under recital 22 and provide them with relevant documents. These should include all EU assessments of Egypt’s progress with regard to the pre-conditions of eligibility for macro-financial assistance in the fields of democracy, human rights and the rule of law and agreed benchmarks in the Memorandum of Understanding.

Or. en

Amendment 71

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 26

Text proposed by the Commission

Amendment

(26) The Union's macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission should regularly inform them of developments relating to the assistance as well as progress made in the field of human rights, in a living democracy, respecting the rights of the opposition and the rule of law, and provide them with relevant documents.

Or. en

Amendment 72

Lynn Boylan

Proposal for a decision

Recital 26

Text proposed by the Commission

Amendment

(26) The Union's macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission should regularly inform them of developments relating to the assistance and provide them with relevant documents, with a precise and annual report, without denying reality, particularly as regards respect for human rights.

Or. en

Amendment 73

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Recital 28

Text proposed by the Commission

Amendment

(28) The Union's macro-financial assistance should be subject to economic policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union's macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

(28) The Union's macro-financial assistance should be subject to economic policy, financial, democratic and human rights conditions, to be laid down in a Memorandum of Understanding, which should include clear and measurable benchmarks. The democratic and human rights conditions should aim, in particular, at upholding the rights to freedom of expression, association and peaceful assembly; upholding the right to a fair trial; improving the procedure of detention and treatment of detainees; improving the conditions of prisoners; declaring and enforcing a moratorium on death sentences and limiting the use of the death penalty; preventing enforced disappearances, torture and ill-treatment; and upholding the rule of law and ensuring the independence of judicial institutions and anti-corruption bodies. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union's macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

Or. en

Amendment 74

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 28

Text proposed by the Commission

Amendment

(28) The Union's macro-financial assistance should be subject to economic policy conditions, governance, rule of law, democracy and human rights to be laid down in a Memorandum of Understanding, specifying clear, measurable and public benchmarks to assess the implementation of these conditions for each instalment of assistance. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union's macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

Or. en

Amendment 75

Lynn Boylan

Proposal for a decision

Recital 28

Text proposed by the Commission

Amendment

(28) The Union's macro-financial assistance should be subject to economic policy conditions and rule of law, to be laid down in a Memorandum of Understanding, to be approved by the European Parliament before implementation. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union's macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

Or. en

Amendment 76

Benoit Cassart, Dan Barna

Proposal for a decision

Recital 28

Text proposed by the Commission

Amendment

(28) The Union's macro-financial assistance should be subject to sustainable economic policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union's macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

Or. en

Amendment 77

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 28 a (new)

Text proposed by the Commission

Amendment

(28 a) As enshrined under Article 21 TEU, the Union’s action in the international scene shall be guided by the principles which have inspired its own creation, development and enlargement, and which it seeks to advance in the wider world: democracy, the rule of law, the universality and indivisibility of human rights and fundamental freedoms, respecto for human dignity, the principles of equality and solidarity , and respect for the principles of the United Nations Charter and international law.

Or. en

Amendment 78

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Recital 28 b (new)

Text proposed by the Commission

Amendment

(28 b) All external financial instruments adopted by the EU 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 ensure 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

Amendment 79

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

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") divided in two separate 2 billion € instruments, with a view to supporting Egypt's economic and social 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

Amendment 80

Benoit Cassart, Dan Barna

Proposal for a decision

Article 1 – paragraph 1

Text proposed by the Commission

Amendment

1. The Union shall make macro-financial assistance in the form of concessional loans 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 structural 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.

Or. en

Amendment 81

Enikő Győri, András László

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, as well as fighting mass illegal migration. 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.

Or. en

Amendment 82

Brando Benifei, Kathleen Van Brempt

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 2 billion available to Egypt ("the Union's macro-financial assistance"), with a view to supporting Egypt's economic and social 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.

Or. en

Amendment 83

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

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 and social 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.

Or. en

Amendment 84

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Article 1 – paragraph 3 – subparagraph 1

Text proposed by the Commission

Amendment

The release of the Union's macro-financial assistance shall be managed by the Commission in a manner consistent with the agreements or understandings reached between the IMF and Egypt, and with the key principles and objectives of economic reforms set out in the EU-Egypt Association Agreement.

Or. en

Amendment 85

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Article 1 – paragraph 3 – subparagraph 1

Text proposed by the Commission

Amendment

The release of the Union's macro-financial assistance shall be managed by the Commission in a manner consistent with the agreements or understandings reached between the IMF and Egypt, and with the key principles and objectives of economic and social reforms set out in the EU-Egypt Association Agreement.

Or. en

Amendment 86

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Article 1 – paragraph 3 – subparagraph 2

Text proposed by the Commission

Amendment

The Commission shall regularly inform the European Parliament and the Council of developments regarding the Union's macro-financial assistance, including disbursements thereof, as well as on the progress on the economic, democratic and human rights reforms in Egypt, and shall provide those institutions with the relevant documents, including independent third-party assessments carried out by civil society organisations, in due time.

Or. en

Amendment 87

Lynn Boylan

Proposal for a decision

Article 1 – paragraph 3 – subparagraph 2

Text proposed by the Commission

Amendment

The Commission shall regularly inform the European Parliament and the Council of developments regarding the Union's macro-financial assistance, including disbursements thereof, as well as the implementation of democratic measures in Egypt, and shall provide those institutions with the relevant documents in due time, including independent assessments by non-governmental organizations.

Or. en

Amendment 88

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Article 1 – paragraph 3 – subparagraph 2

Text proposed by the Commission

Amendment

The Commission shall regularly inform the European Parliament and the Council of developments regarding the Union's macro-financial assistance, including disbursements thereof, as well as on the progress on the economic and democratic reforms in Egypt and shall provide those institutions with the relevant documents including third party independent assessments in due time.

Or. en

Amendment 89

Benoit Cassart, Dan Barna

Proposal for a decision

Article 1 – paragraph 3 a (new)

Text proposed by the Commission

Amendment

3 a. macro-financial aid could, as far as possible, contribute to the European Union's growth and economic resilience

Or. en

Amendment 90

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Article 1 – paragraph 5 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

Where the respect of effective democratic mechanisms, human rights and the rule of law decrease fundamentally during the period of the disbursement of the Union’s macro-financial assistance compared to the initial projections, the Commission, acting in accordance with the examination procedure referred to in Article 7(2), shall reduce the amount of the assistance or suspend or cancel it.

Or. en

Amendment 91

Emmanouil Fragkos

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.

deleted

Or. el

Amendment 92

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Article 2 – paragraph 1

Text proposed by the Commission

Amendment

1. The pre-condition for granting the Union's macro-financial assistance shall be that Egypt makes concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and makes a substantial improvement in the respect for human rights, since the signing of the June 2024 Memorandum of Understanding linked to the 1 billion € macro-financial assistance package and that it continues to make concrete and credible improvement in these domains throughout the period covered by this Decision. This must include significant progress in, inter alia, the reform agenda in the fields of pre-trial detentions, independence of the judiciary, right to fair and transparent trials, freedom of expression, right to association and assembly, elimination of the death penalty, living conditions in prisons and the rights of women and minorities.

Or. en

Amendment 93

Brando Benifei, Kathleen Van Brempt

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, from the signing in June 2024 of the Memorandum of Understanding associated with the first part of the Union’s macro-financial assistance package, Egypt made measurable improvements as regards respect for human rights, and that, throughout the life-cycle of the Union’s macro-financial assistance, Egypt takes concrete and credible steps towards respecting and strengthening effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights, according to clear and measurable benchmarks as outlined in a Memorandum of Understanding.

Or. en

Amendment 94

Benoit Cassart, Dan Barna

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, credible and demonstrable steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system and therefore respecting the rights of the opposition – and the rule of law, and guarantees respect for human rights.

Or. en

Amendment 95

Lynn Boylan

Proposal for a decision

Article 2 – paragraph 1

Text proposed by the Commission

Amendment

1. A suspensive pre-condition for granting the Union's macro-financial assistance shall be that Egypt takes urgently 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, and this for the entire specified period.

Or. en

Amendment 96

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

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 and strengthening effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights.

Or. en

Amendment 97

Hana Jalloul Muro

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, measurable, 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.

Or. en

Amendment 98

Emmanouil Fragkos

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.

deleted

Or. el

Amendment 99

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

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 and report regularly to the European Parliament on their assessment of Egypt’s implementation of the clear, measurable and public benchmarks identified in the Memorandum of Understanding, in a way in which civil society and internationally recognised human rights organisations are able to contribute and report on its implementation.

Or. en

Amendment 100

Lynn Boylan

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 in a transparent process throughout the life-cycle of the Union's macro-financial assistance, involving Egyptian civil society, non-governmental organisations and United Nations organisations, and inform the European Parliament via an annual report on suspensive conditions.

Or. en

Amendment 101

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

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.

Or. en

Amendment 102

Hana Jalloul Muro

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.

Or. en

Amendment 103

Benoit Cassart, Dan Barna

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.

Or. en

Amendment 104

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

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, financial, democratic and human rights conditions, focusing on reforms to achieve democratic progress, uphold the rule of law and protect human rights, 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, and clear and measurable benchmarks. 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

Amendment 105

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

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,, as well as on democracy, rule of law and human rights conditions including benchmarks 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

Amendment 106

Lynn Boylan

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 reforms and sound public finances as well as on rule of law and human rights conditions, 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 implemented by Egypt.

Or. en

Amendment 107

Brando Benifei, Kathleen Van Brempt

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 economic policy and financial 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. The democratic and human rights conditions referred to in paragraph 1 shall aim, in particular, at upholding the rights to freedom of expression, association and peaceful assembly; upholding the right to a fair trial; improving the procedure of detention and treatment of detainees; improving the conditions of prisoners; declaring and enforcing a moratorium on death sentences and limiting the use of the death penalty; preventing enforced disapearances, torture and ill-treatment; and upholding the rule of law and ensuring the independence of judicial institutions and anti-corruption bodies. Progress in mutual market opening, the development of rules-based and fair trade, sustainable development, good governance 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.

Or. en

Amendment 108

Benoit Cassart, Dan Barna

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, including respect for human rights, fundamental freedoms and respect of the rights of the opposition 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

Amendment 109

Lynn Boylan

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, poverty reduction, fight against corruption and priorities such as democracy, rule of law and human rights, 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.

Or. en

Amendment 110

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Article 3 – paragraph 2

Text proposed by the Commission

Amendment

Or. en

Amendment 111

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

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 transparency and accountability of the public finance management systems in Egypt, including for the use of the Union's macro-financial assistance. Progress in sustainable development, poverty and inequalities reduction and other priorities in the context of the Union's external policy, including those relating to democracy, rule of law and human rights conditions 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

Amendment 112

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

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 these conditions will be assessed, for the release of every instalment of macro-financial assistance. The agreement of these benchmarks and indicators should be decided after a transparent public consultation process with the participation of civil society organisations.

Or. en

Amendment 113

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Article 3 – paragraph 4

Text proposed by the Commission

Amendment

4. The Commission shall verify, at regular intervals, that the conditions referred to in Article 4(3) continue to be met, including whether the economic policies of Egypt are in accordance with the objectives of the Union's macro-financial assistance. For that verification, the Commission shall coordinate closely with the IMF and the World Bank, and, where necessary, with the European Parliament and the Council.

4. The Commission shall verify, at regular intervals, that the conditions referred to in Article 4(3) continue to be met, including whether the economic policies of Egypt are in accordance with the objectives of the Union's macro-financial assistance, and whether the democratic and human rights situation in Egypt is in line with the EU-Egypt Association Agreement. For that verification, the Commission shall coordinate closely with the IMF and the World Bank, and, where necessary, with the European Parliament and the Council.

Or. en

Amendment 114

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Article 4 – paragraph 1

Text proposed by the Commission

Amendment

1. Subject to the conditions in paragraph 3, the Union's macro-financial assistance shall be made available by the Commission in instalments. The size of each instalment shall be laid down in the Memorandum of Understanding referred to in Article 3. An instalment may be disbursed in one or more tranches.

1. Subject to the conditions in Article 3, the Union's macro-financial assistance shall be made available by the Commission in instalments. The size of each instalment shall be laid down in the Memorandum of Understanding referred to in Article 3. An instalment may be disbursed in one or more tranches.

Or. en

Amendment 115

Emmanouil Fragkos

Proposal for a decision

Article 4 – paragraph 3 – subparagraph 1 – point α

Text proposed by the Commission

Amendment

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

deleted

Or. el

Amendment 116

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

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

Amendment 117

Benoit Cassart, Dan Barna

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

Or. en

Amendment 118

Lynn Boylan

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;

deleted

Or. en

Amendment 119

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

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 structural reform measures supported by a non-precautionary IMF credit arrangement that should primarily aim at reducing poverty and inequalities;

Or. en

Amendment 120

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

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

Amendment 121

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

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 and financial conditions and democracy, rule of law and human rights conditions in the Memorandum of Understanding.

Or. en

Amendment 122

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Article 4 – paragraph 3 – subparagraph 2

Text proposed by the Commission

Amendment

The release of the second instalment shall not, in principle, take place earlier than three months after the release of the first instalment. The release of the third instalment shall not, in principle, take place earlier than three months after the release of the second instalment and shall be subject to the approval of the European Parliament and Council of the European Union in line with Article 4 (1).

Or. en

Amendment 123

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Article 4 – paragraph 4

Text proposed by the Commission

Amendment

4. Where the conditions in paragraph 3 are not met, the Commission shall temporarily suspend or cancel the disbursement of the Union's macro-financial assistance. In such cases, it shall inform the European Parliament and the Council of the reasons for that suspension or cancellation.

4. Where the political or economic conditions in paragraph 3 are not met, the Commission shall temporarily suspend or cancel the disbursement of the Union's macro-financial assistance. In such cases, it shall inform the European Parliament and the Council of the reasons for that suspension or cancellation.

Or. en

Amendment 124

Costas Mavrides, Raphaël Glucksmann, Hana Jalloul Muro, Brando Benifei, Jean-Marc Germain, Kathleen Van Brempt

Proposal for a decision

Article 8 – paragraph 1 – point b

Text proposed by the Commission

Amendment

(b) assess the economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Article 3(1);

(b) assess the economic, democratic and human rights situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Article 3(1);

Or. en

Amendment 125

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Article 8 – paragraph 1 – point b

Text proposed by the Commission

Amendment

(b) assess the economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Article 3(1);

(b) assess the social and economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Articles 3(1) and 3(3);

Or. en

Amendment 126

Benoit Cassart, Dan Barna

Proposal for a decision

Article 8 – paragraph 1 – point c

Text proposed by the Commission

Amendment

(c) indicate the connection between the economic policy reform measures laid down in the Memorandum of Understanding, Egypt’s on-going economic and fiscal performance and the Commission’s decisions to release the instalments of the Union's macro-financial assistance.

(c) indicate the connection between the economic policy reform measures laid down in the Memorandum of Understanding, Egypt’s on-going economic, fiscal performance, the concrete, credible and demonstrable measures taken to promote respect for human rights, democracy, and the rule of law and the Commission’s decisions to release the instalments of the Union's macro-financial assistance.

Or. en

Amendment 127

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Article 8 – paragraph 1 – point c

Text proposed by the Commission

Amendment

(c) indicate the connection between the political and economic policy reform measures laid down in the Memorandum of Understanding, Egypt’s on-going socioeconomic and fiscal performance and the Commission’s decisions to release the instalments of the Union's macro-financial assistance.

Or. en

Amendment 128

Brando Benifei, Kathleen Van Brempt

Proposal for a decision

Article 8 – paragraph 1 – point c a (new)

Text proposed by the Commission

Amendment

(c a) assess the democratic and human rights situation and prospects of Egypt, as well as progress made in implementing the measures referred to in Article 3(1), notably those aimed at upholding the rights to freedom of expression, association and peaceful assembly; upholding the right to a fair trial; improving the procedure of detention and treatment of detainees; improving the conditions of prisoners; declaring and enforcing a moratorium on death sentences and limiting the use of the death penalty; preventing enforced disapearances, torture and ill-treatment; and upholding the rule of law and ensuring the independence of judicial institutions and anti-corruption bodies;

Or. en

Amendment 129

Vicent Marzà Ibáñez, Catarina Vieira

on behalf of the Greens/EFA Group

Proposal for a decision

Article 8 – paragraph 1 – point c a (new)

Text proposed by the Commission

Amendment

(c a) Outline the concrete and credible steps Egypt has taken in the preceding year towards respecting effective democratic mechanisms -including a multi-party parliamentary system-, the rule of law and towards guaranteeing the respect for human rights.

Or. en

Amendment 130

Brando Benifei, Kathleen Van Brempt

Proposal for a decision

Article 8 – paragraph 1 – point c b (new)

Text proposed by the Commission

Amendment

(c b) outline the concrete and credible steps Egypt has taken towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and toward guaranteeing respect for human rights.

Or. en