Sittings · Document
Draft report (COM(2024)0159 – C9-0146/2024 – 2024/0086(COD)) 2025-02-11
Macro-financial assistance to the Hashemite Kingdom of Jordan
Committee on International Trade
Amendment 1
Vicent Marzà Ibáñez, Catarina Vieira
on behalf of the Greens/EFA Group
Proposal for a decision
Recital 27
| Text proposed by the Commission | Amendment |
| (27) 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 Jordanian 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 Jordan, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance. | (27) The Union’s macro-financial assistance should be subject to economic, governance, rule of law, democracy and human rights policy conditions, to be laid down in a Memorandum of Understanding, specifying clear, measurable and public benchmarks to assess the implementation of these conditions. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Jordanian 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 Jordan, 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 2
Vicent Marzà Ibáñez, Catarina Vieira
on behalf of the Greens/EFA Group
Proposal for a decision
Recital 27 a (new)
| Text proposed by the Commission | Amendment |
| (27 a) As enshrined under Article 21 TEU, the Union’s action in the international scene is to 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, respect 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 3
Vicent Marzà Ibáñez, Catarina Vieira
on behalf of the Greens/EFA Group
Proposal for a decision
Recital 27 b (new)
| Text proposed by the Commission | Amendment |
| (27 b) All external financial instruments adopted by the EU should go 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 4
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 EUR 500 million available to Jordan (“the Union’s macro-financial assistance”), with a view to supporting Jordan’s economic stabilisation and a substantive reform agenda. The assistance shall contribute to covering Jordan’s balance of payments needs as identified in the IMF programme. | 1. The Union shall make macro-financial assistance of a maximum amount of EUR 500 million available to Jordan (“the Union’s macro-financial assistance”), with a view to supporting Jordan’s economic and social stabilisation and a substantive reform agenda. The assistance shall contribute to covering Jordan’s balance of payments needs as identified in the IMF programme and to improve the socioeconomic situation for Jordanian people. |
Or. en
Amendment 5
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 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 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 regularly report to the European Parliament on their assessment, using clear and measurable benchmarks identified in the Memorandum of Understanding, in a way that civil society organisations can participate. |
Or. en
Amendment 6
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 Jordanian 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 fulfilment of those conditions. 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 Jordan 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 Jordanian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, as well as on democracy, rule of law and human rights conditions, to which the Union’s macro-financial assistance is to be subject, to be laid down in a Memorandum of Understanding (“the Memorandum of Understanding”) which shall include a timeframe for the fulfilment of those conditions. 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 Jordan with the support of the IMF. |
Or. en
Amendment 7
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 efficiency, transparency and accountability of the public finance management systems in Jordan, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission. | 2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Jordan, 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 and reported to the European Parliament. |
Or. en
Amendment 8
Vicent Marzà Ibáñez, Catarina Vieira
on behalf of the Greens/EFA Group
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 Jordan are in accordance with the objectives of the Union’s macro-financial assistance. In so doing, 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 and social policies of Jordan are in accordance with the objectives of the Union’s macro-financial assistance. In so doing, 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 9
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; | (a) the pre-condition set out in Article 2, as well as the additional democracy, rule of law and human rights conditions laid out in the Memorandum of Understanding; |
Or. en
Amendment 10
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; and | (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 that should primarily aim at reducing poverty and inequalities; and |
Or. en
Amendment 11
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 Jordan, as well as progress made in implementing the economic policy and financial conditions referred to in Article 3(1); | (b) assess the social and economic situation and prospects of Jordan, as well as progress made in implementing the economic policy and financial conditions referred to in Article 3(1); |
Or. en
Amendment 12
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 economic policy conditions laid down in the Memorandum of Understanding, Jordan’s ongoing 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, democracy, rule of law and human rights policy conditions laid down in the Memorandum of Understanding, Jordan’s ongoing socio-economic and fiscal performance and the Commission’s decisions to release the instalments of the Union’s macro-financial assistance. |
Or. en