Traduction de «Macro G-set » (Anglais → Français) :

Given its expertise on macro-prudential issues, the European Central Bank (ECB) can make a significant contribution to the effective macro-prudential oversight of the Union’s financial system.

The financial crisis has revealed important shortcomings in financial supervision, which has failed to anticipate adverse macro-prudential developments and prevent the accumulation of excessive risks in the financial sector, and has in particular highlighted the weaknesses of the existing macro-prudential oversight.

The macro-financial assistance will help cover the financing needs of Bosnia and Herzegovina and underpin its transition towards a self-sustained market based economy in the framework of a well defined macro-economic reform programme.

Furthermore, subject to final approval by the Governments of the donor countries, the European Commission on behalf of the European Union and representatives from Japan, Austria, Switzerland, Sweden, Norway, Finland and the Netherlands indicated their intention to provide additional macro-financial assistance of up to approximately US$ 260 million in support of Bulgaria's 1994-95 macro-economic programme.

This implies action to: a) Move HSD upstream into the core of macro-economic policy design and implementation ; the macro-policy dialogue with partner countries and decisions on economic reform programmes and debt relief need to take full account and underpin the policies of human empowerment, broadly based and equitable economic growth, expansion of employment and productivity, health and education; to achieve this there is a need to involve HSD specialists as well as macro-economists in policy dialogues, design and implementation. b) Secure a sufficiently high level of financial resources for HSD, especially in regard to health, and education; in this regard, the Council recalls the agreement reached at the World Summit for Social Deve ...[+++]lopment in Copenhagen on a mutual commitment between interested developed and developing country partners to allocate, on average, 20 per cent of ODA and 20 per cent of the national budget, respectively, to basic social programmes. c) Accord high priority to HSD indicators when assessing the overall development performance of a particular country; a set of basic socio-economic indicators and targets would be established by each country with which the EU maintains long-term development cooperation; gender sensitivity should be integrated in these indicators: countries showing a serious commitment to HSD, for example registered improvements in the agreed indicators will be given increased support in their endeavours in these areas; this implies a change in donor conditionality, with greater emphasis on efforts and results in poverty reduction and HSD. d) Increase effectiveness of support for HSD by strengthening initiative, responsibility and mobilization of partner countries in designing and implementing their own policies and by deepening coordination between donors.

Furthermore, subject to final approval by the Governments of the donor countries, the G-24 representatives pledged to provide Romania with additional macro-financial assistance of up to approximately US$ 220 million in support of the country's 1994-1995 macro-economic programme.