16. Welcomes the adoption of the communication ‘Improving EU support to developing countries in mobilising Financing for Development’; calls on the Commission to implement its proposals swiftly, with a view to mobilising additional sustainable, predictable and effective financing; welcomes the guidelines set out in the OECD’s Policy Framework for Investment User’s Toolkit; welcomes the results of the Busan Global Partnership for Effective Development Cooperation and the Istanbul Principles for CSO Development Effectiveness;

16. Welcomes the adoption of the communication ‘Improving EU support to developing countries in mobilising Financing for Development’; calls on the Commission to implement its proposals swiftly, with a view to mobilising additional sustainable, predictable and effective financing; welcomes the guidelines set out in the OECD’s Policy Framework for Investment User’s Toolkit; welcomes the results of the Busan Global Partnership for Effective Development Cooperation and the Istanbul Principles for CSO Development Effectiveness;

24. Is aware of a lack of development of the "toolbox" along with a specific mechanism on monitoring; therefore recalls its previous position that thorough monitoring is necessary even after an embargo has been lifted and that there is need for a review mechanism to be set up to assess and revise the toolbox if necessary and to monitor regularly the situation in states where the embargo has been lifted, bearing in mind the reasons for the lifting of the embargo; urges COARM to review the mechanism on a regular basis and to report on such discussions to the European Parliament;

24. Is aware of a lack of development of the "toolbox" along with a specific mechanism on monitoring; therefore recalls its previous position that thorough monitoring is necessary even after an embargo has been lifted and that there is need for a review mechanism to be set up to assess and revise the toolbox if necessary and to monitor regularly the situation in states where the embargo has been lifted, bearing in mind the reasons for the lifting of the embargo; urges COARM to review the mechanism on a regular basis and to report on such discussions to the European Parliament;

24. Is aware of a lack of development of the “toolbox” along with a specific mechanism on monitoring; therefore recalls its previous position that thorough monitoring is necessary even after an embargo has been lifted and that there is need for a review mechanism to be set up to assess and revise the toolbox if necessary and to monitor regularly the situation in states where the embargo has been lifted, bearing in mind the reasons for the lifting of the embargo; urges COARM to review the mechanism on a regular basis and to report on such discussions to the European Parliament;

Regional approaches will, however, be chosen when economies of scale are evident, where the development of country-neutral toolboxes makes sense (support to private sector development, matching local authorities from both regions, promoting university networks, etc.) or in support of dialogue conducted at regional level.