DEBT RELIEF FOR HEAVILY INDEBTED POOR
COUNTRIES
(20660)
12303/99
COM(99) 518
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Commission Communication on a Community participation in
the debt relief initiative for heavily indebted poor countries.
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| Legal base:
| — |
| |
| Department: |
International Development
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| Basis of consideration:
| Opinion of International Development Select Committee
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| Previous Committee Report:
| HC 23-iv (1999-2000), paragraph 6 (15 December 1999)
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| Discussed in Council:
| ACP-EU Council of 8-9 December 1999
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| Committee's assessment:
| Politically important
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| Committee's decision:
| Cleared |
Background
4.1 The Communication sets out details of
the Commission's proposal for its contribution to the Heavily
Indebted Poor Countries (HIPC) Initiative. The proposal was approved
at the 6 December General Affairs Council and later by the ACP-EU
Council on 8-9 December.
4.2 We did not clear it when we considered
it on 15 December[18]
but referred it to the International Development Committee for
its opinion.
The opinion of the International Development Committee
4.3 The International Development Committee
has now published its Report Debt relief - further developments[19]
, a follow-up to its earlier reports on debt relief for HIPCs,
including Debt Relief and the Cologne G8 Summit[20].
It includes a short section on the European Community's contribution
in which the Committee welcomes the allocation of 954 million
euro of unspent European Development Fund resources to the HIPC
Initiative.
Conclusion
4.4 We note the opinion of the International
Development Committee on this document and endorse its conclusion.
4.5 We now clear the document.
18 See HC 23-iv (1999-2000), paragraph 6. Back
19 Fourth
Report from the International Development Committee, Session 1999-2000
(HC 251). Back
20 Fourth
Report from the International Development Committee, Session 1998-99
(HC 470). Back
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