European Parliament
Elisabeth Köstinger  (PPE ),
in writing.
(DE)
European Union macro-financial assistance was introduced in 1990 to provide financial support to third countries experiencing short-term balance of payment difficulties. To date, macro-financial assistance has been provided on the basis of individual resolutions. This means that each financial assistance operation requires a separate legislative resolution. Since 2003, the European Parliament has continuously called for a framework regulation to allow macro-financial assistance to be processed on a uniform basis. I voted in favour of the report because a formal legal instrument for macro-financial assistance to third countries increases the effectiveness of macro-financial assistance by tightening up the decision-making process. The proposed regulation will also formalise, update and specify the basic rules that apply to macro-financial assistance.

