COMMUNICATION FROM THE COMMISSION TO THE COUNCIL, THE EUROPEAN PARLIAMENT, AND THE COURT OF AUDITORS

BALANCE SHEETS AND ACCOUNTS OF THE 6TH, 7TH, 8TH, AND 9TH EUROPEAN DEVELOPMENT FUNDS FOR THE FINANCIAL YEAR 2003

(2004/C 291/01)

I. ACCOUNTING PRINCIPLES AND VALUATION RULES

I.1. FINANCIAL REGULATIONS

The balance sheets and income and expenditure accounts were drawn up in accordance with the Financial Regulations applicable to the 6th, 7th, 8th and 9th European Development Funds (EDFs).

The relevant documents must be presented to the European Parliament, the Council and the Court of Auditors as provided for in Article 71 of the financial Regulation applicable to the 7th EDF, Articles 66, 67 and 68 of the Financial Regulation applicable to the 8th EDF and Articles 102 and 103 of the Financial Regulation applicable to the 9th EDF.

I.2. ACCOUNTING PRINCIPLES & STANDARDS

A. Principle of unit of account

EDF resources are established and implemented in euro and the accounts are presented in euro.

However, for the treasury management purposes referred to in Article 26, the accounting officer may carry out operations in euro, in other currencies and in national currencies.

B. Principle of specification

The resources of the EDF are earmarked for specific purposes according to the main instruments of cooperation, as described in the Financial Protocol of the ACP-EC Agreement and the Overseas Association Decision.

C. Principle of sound financial management

EDF resources are used in accordance with the principles of sound financial management, that is to say, in accordance with the principles of economy, efficiency and effectiveness.

D. Principle of transparency

The resources of the EDF are established and implemented and the accounts presented in compliance with the principle of transparency.

E. Revenue

The Financial contributions are paid in euro. The Commission makes transfers from the above accounts to operational accounts held in euro or a Member State's currency to meet the cash requirements of projects and programmes.

In addition, the Member States' contributions for an EDF must be used up before the contributions relating to the following EDF are called in.

F. Expenditure

Expenditure takes into account all payment orders executed by the banks up to 31 December 2003. However, in the case of local expenditure in the ACP States and for those payments for which information was not communicated to the Commission's accounting departments before the end of the financial year, payments are based on the information received for the latest period prior to 31 December. The total amount of payments in question, which are not included in the 2003 accounts, are not considered to be material.

Expenditure by delegations is not finally entered in to the EDF accounts until validated by the authorising officer and the accounting officer. Expenditure not yet validated is shown under the heading “transactions to be finalised”.

G. Payment of account/advances

Payments on account (any amount paid on the basis of supporting documents pending final payment) and advances paid within the framework of the implementation of the contracts are included in the expenditure of the year and do not appear under assets in the balance sheet.

However, advances for study awards and advances for technical assistance are regarded as a receivable and consequently appear under assets in the balance sheet.

H. Recording of operations

EDF appropriations are not subject to any time limit. Once granted, they are available until they are used up or reassigned. The obligation to present a balance sheet of the EDF's assets and liabilities means that the entitlements due from the Member States (mainly contributions for which payment has been deferred or interest on late payment) must be entered in the accounts. These headings are contained in the balance sheets for the various EDFs.

In accordance with the principles of accrual-based accounting, the financial statements show the financial charges and income for the financial year regardless of the date of payment or collection, however, operational payments are at present still accounted for on a cash basis.

I. Other generally accepted accounting principles

The financial statements have been drawn up in accordance with generally accepted accounting principles, namely:

This last principle represents a change from prior years whereby expenditure and revenue had been registered according to the value date on the bank statement, except for operational payments which continue to be accounted for on a cash basis.

I.3. VALUATION RULES

A. Revenue

Member States' contributions are paid in euros.

Other revenue is booked at the rates applying on the date of receipt.

B. Expenditure

The rates used for the conversion into euros of payments made in local currencies for projects and programmes are those in force on the actual date of such payments. Certain contracts involve fixed exchange rates; this constitutes an exception to the general rule.

C. Bank transfers

Transfers from accounts held in euros to operational accounts held in local currencies are made at the rate of exchange in force on the date of such transfers.

D. Assigned funds

Assigned funds are converted into euros at the rate in force at the time of booking and are entered in the accounts at their historical value.

E. Cash at bank

The rates used for converting cash at bank in national currencies into euros at 31 December 2003 are those of the European Central Bank as follows:

ANNEX I

TABLE OF CONTENTS

1. Financial statements

1.1. Consolidated balance sheet of the 6th, 7th, 8th and 9th EDFs

1.2. 6th European Development Fund

1.3. 7th European Development Fund

1.4. 8th European Development Fund

1.5. 9th European Development Fund

1.6. Statement of sources and uses of funds for the 6 th , 7 th , 8 th and 9 th EDFs

1.7. Notes to the accounts

2. Reports on financial implementation

2.1. Appropriations at 31.12.2003

2.2. Consolidated accounts

2.3. Situation by country and by instrument

2.4. Other management information

3. Financial statements and information supplied by the EIB

1. FINANCIAL STATEMENTS

1.1. Consolidated balance sheet of the 6th, 7th, 8th and 9th EDFs

Consolidated balance sheet of the 6th, 7th, 8th and 9th EDFs at 31 December 2003

(EUR thousand) Notes 2003 2002 (1) ASSETS Long term assets Contributions Initial allocation 1 40 035 150,00 29 480 000,00 EIB special contribution 2 60 000,00 60 000,00 less: amounts called up 3 -20 820 000,00 -18 700 000,00 19 275 150,00 10 840 000,00 Amounts called up 3 20 820 000,00 18 700 000,00 less: payments received 4 -20 724 232,50 -18 699 999,80 95 767,50 0,20 Stabex contributions Initial allocation 1 800 000,00 1 800 000,00 less: amounts called up and received -1 800 000,00 -1 800 000,00 0,00 0,00 Net contributions receivable 19 370 917,50 10 840 000,20 Current assets Debtors 5 43 999,38 21 234,34 Short-term investments 6 2 971,03 107 247,20 Deferred Stabex expenditure 7 427 820,81 342 764,48 Cash at bank 8 526 158,03 764 056,88 Total assets 20 371 866,74 12 075 303,10 LIABILITIES Fund capital Contributions 1 40 035 150,00 29 480 000,00 EIB special contribution 2 60 000,00 60 000,00 Stabex contributions 1 800 000,00 1 800 000,00 41 895 150,00 31 340 000,00 Total inter-fund transfers 9 848 735,49 848 735,49 42 743 885,49 32 188 735,49 Capitalised income 10 688 819,96 668 267,18 Total Fund capital 43 432 705,46 32 857 002,67 Other sources of funds Payments 11 -23 504 120,32 -21 211 016,82 Recoveries 5 27 495,82 3 329,28 Transactions to be finalised 12 -10 803,56 -8 436,28 Doubtful debt provisions 5,8 -2 756,65 0,00 Creditors 13 429 346,00 434 424,25 Total liabilities 20 371 866,74 12 075 303,10

1.2. 6th European Development Fund

Balance Sheet at 31 December 2003

(EUR thousand) 2003 2002 ASSETS Long term assets Contributions Initial allocation 7 500 000,00 7 500 000,00 EIB special contribution 60 000,00 60 000,00 less: amounts called up -7 560 000,00 -7 560 000,00 0,00 0,00 Amounts called up 7 560 000,00 7 560 000,00 less: payments received -7 560 000,00 -7 560 000,00 0,00 0,00 Stabex contributions Initial allocation 0,00 0,00 less: amounts called up and received 0,00 0,00 0,00 0,00 Net contributions receivable 0,00 0,00 Current assets Debtors 16 494,68 17 261,41 Short-term investments 107 247,20 Deferred Stabex expenditure Liaison accounts 2 446 011,65 2 065 453,29 Cash at bank 764 056,88 Total assets 2 462 506,33 2 954 018,78 LIABILITIES Fund capital Contributions 7 500 000,00 7 500 000,00 EIB special contribution 60 000,00 60 000,00 Stabex contributions 0,00 0,00 7 560 000,00 7 560 000,00 Total inter-fund transfers -311 290,76 46 200,02 7 248 709,24 7 606 200,02 Capitalised income 222 880,67 222 880,67 Total Fund capital 7 471 589,92 7 829 080,70 Other sources of funds Payments -7 282 156,38 -7 235 114,74 Recoveries 4 575,29 736,00 Transactions to be finalised -10 803,56 -8 436,28 Doubtful debt provisions -5,89 0,00 Creditors 0,00 88 446,15 Liaison accounts 2 279 306,96 2 279 306,96 Total liabilities 2 462 506,33 2 954 018,78





Income & Expenditure Account for the year ended 31 December 2003

(EUR thousand) Notes Balance at 1.1.2003 Income/expenditure for the year ended 31.12.2003 Balance at 31.12.2003 Transfers liaison accounts 9 260 053,69 -738 049,14 -477 995,45 Total income 260 053,69 -738 049,14 -477 995,45 Programmable aid 4 662 086,10 33 969,34 4 696 055,45 Aids fund 0,00 10 000,00 10 000,00 Health and emergency aid 361 226,04 -55,45 361 170,59 Risk capital 537 212,42 0,00 537 212,42 Stabex 1 451 123,08 0,00 1 451 123,08 Sysmin 128 110,70 0,00 128 110,70 Rehabilitation programmes 83 122,71 2 407,28 85 529,99 Structural adjustment 5 334,04 0,00 5 334,04 7 228 215,09 46 321,17 7 274 536,26 Transactions awaiting finalisation 20 251,19 2 477,65 22 728,85 Total operational expenditure 14 7 248 466,29 48 798,82 7 297 265,11 Administrative and financial costs 15 6 899,65 720,47 7 620,12 Excess of expenditure over income -6 995 312,24 -787 568,43 -7 782 880,67

1.3. 7th European Development Fund

Balance Sheet at 31 December 2003

(EUR thousand) 2003 2002 ASSETS Long term assets Contributions Initial allocation 10 940 000,00 10 940 000,00 EIB special contribution less: amounts called up -10 940 000,00 -10 940 000,00 0,00 0,00 Amounts called up 10 940 000,00 10 940 000,00 less: payments received -10 940 000,00 -10 939 999,80 0,00 0,20 Stabex contributions Initial allocation 0,00 0,00 less: amounts called up and received 0,00 0,00 0,00 0,00 Net contributions receivable 0,00 0,20 Current assets Debtors 21 791,37 3 166,36 Short-term investments Deferred Stabex expenditure 9 525,75 10 025,75 Liaison accounts 2 279 306,96 2 279 306,96 Cash at bank Total assets 2 310 624,08 2 292 499,27 LIABILITIES Fund capital Contributions 10 940 000,00 10 940 000,00 EIB special contribution 0,00 0,00 Stabex contributions 0,00 0,00 10 940 000,00 10 940 000,00 Total inter-fund transfers -420 580,24 178 420,18 10 519 419,76 11 118 420,18 Capitalised income 406 682,22 390 680,47 Total Fund capital 10 926 101,97 11 509 100,65 Other sources of funds Payments -9 605 104,84 -9 222 394,56 Recoveries 21 791,37 2 579,55 Transaction to be finalised 0,00 0,00 Doubtful debt provisions 0,00 0,00 Creditors 0,00 3 213,63 Liaison accounts 967 835,58 Total liabilities 2 310 624,08 2 292 499,27





Income & Expenditure Account for the year ended 31 December 2003

(EUR thousand) Notes Balance at 1.1.2003 Income/expenditure for the year ended 31.12.2003 Balance at 31.12.2003 Stabex Interest 10 312 738,41 9 782,96 322 521,37 European bank interest 10 19 565,82 5 851,73 25 417,56 EIB interest 10 3 413,18 99,68 3 512,86 Interest late contributions 10 5 963,05 267,37 6 230,42 Transfers liaison accounts 9 -2 100 886,78 369 079,22 -1 731 807,56 Total income -1 759 206,31 385 080,97 -1 374 125,34 Programmable aid 4 488 121,96 214 282,92 4 702 404,88 Aids fund 0,00 50 000,00 50 000,00 Health and emergency aid 690 035,45 2 235,73 692 271,18 Risk capital 723 806,77 40 757,03 764 563,80 Stabex 1 588 834,05 500,00 1 589 334,05 Sysmin 292 152,15 31 055,90 323 208,05 Rehabilitation programmes 280 374,24 14 520,50 294 894,73 Structural adjustment 1 148 039,94 388,22 1 148 428,16 Debt relief 11 030,00 28 970,00 40 000,00 Total operational expenditure 14 9 222 394,56 382 710,28 9 605 104,84 Excess of expenditure over income -10 981 600,87 2 370,69 -10 979 230,18

1.4. 8th European Development Fund

Balance Sheet at 31 December 2003

(EUR thousand) 2003 2002 ASSETS Long term assets Contributions Initial allocation 11 040 000,00 11 040 000,00 EIB special contribution less: amounts called up -2 320 000,00 -200 000,00 8 720 000,00 10 840 000,00 Amounts called up 2 320 000,00 200 000,00 less: payments received -2 224 232,50 -200 000,00 95 767,50 0,00 Stabex contributions Initial allocation 1 800 000,00 1 800 000,00 less: amounts called up and received -1 800 000,00 -1 800 000,00 0,00 0,00 Net contributions receivable 8 815 767,50 10 840 000,00 Current assets Debtors 1 129,16 806,57 Short-term investments Deferred Stabex expenditure 418 295,06 332 738,73 Liaison accounts 0,00 Cash at bank Total assets 9 235 191,72 11 173 545,29 LIABILITIES Fund capital Contributions 11 040 000,00 11 040 000,00 EIB special contribution Stabex contributions 1 800 000,00 1 800 000,00 12 840 000,00 12 840 000,00 Total inter-fund transfers -1 112 546,02 624 115,29 11 727 453,98 13 464 115,29 Capitalised income 62 410,71 54 706,03 Total Fund capital 11 789 864,70 13 518 821,32 Other sources of funds Payments -6 339 201,37 -4 753 507,52 Recoveries 1 129,16 13,73 Transaction to be finalised Doubtful debt provisions Creditors 427 820,81 342 764,48 Liaison accounts 3 355 578,42 2 065 453,29 Total liabilities 9 235 191,72 11 173 545,29





Income & Expenditure Account for the year ended 31 December 2003

(EUR thousand) Notes Balance at 1.1.2003 Income/expenditure for the year ended 31.12.2003 Balance at 31.12.2003 Stabex interest 10 1 859,19 0,00 1 859,19 Stabex interest — security accounts 10 17 396,84 7 704,68 25 101,52 Interest 10 35 450,00 0,00 35 450,00 Transfers liaison accounts 9 2 689 568,58 -446 536,17 2 243 032,40 Total income 2 744 274,61 -438 831,49 2 305 443,12 Programmable aid 1 517 624,50 773 342,67 2 290 967,17 Macro-economic support 97 674,83 102 199,98 199 874,81 Interest-rate subsidies 49 605,97 6 305,80 55 911,78 Emergency aid 126 047,14 6 365,53 132 412,67 Aid to refugees 25 567,31 31 206,01 56 773,31 Risk capital 506 188,28 185 854,65 692 042,93 Stabex 250 000,76 113 129,88 363 130,65 Sysmin 75 297,32 9 223,56 84 520,89 Structural adjustment 1 219 480,68 170 611,29 1 390 091,97 Payments world bank 200 000,00 180 000,00 380 000,00 Payments HIPC 680 000,00 0,00 680 000,00 Interest 6 020,72 7 454,48 13 475,19 Total operational expenditure 14 4 753 507,52 1 585 693,85 6 339 201,37 Excess of expenditure over income -2 009 232,91 -2 024 525,34 -4 033 758,25

1.5. 9th European Development Fund

Balance Sheet at 31 December 2003

(EUR thousand) 2003 2002 ASSETS Long term assets Contributions Initial allocation 10 555 150,00 EIB special contribution 0,00 less: amounts called up 0,00 10 555 150,00 Amounts called up 0,00 less: payments received 0,00 0,00 Stabex contributions Initial allocation 0,00 less: amounts called up and received 0,00 0,00 Net contributions receivable 10 555 150,00 Current assets Debtors 4 584,17 Short-term investments 2 971,03 Deferred Stabex expenditure Liaison accounts 2 257 960,71 Cash at bank 526 158,03 Total assets 13 346 823,94 LIABILITIES Fund capital Contributions 10 555 150,00 EIB special contribution 0,00 Stabex contributions 0,00 10 555 150,00 Total inter-fund transfers 2 693 152,51 13 248 302,51 Capitalised income -3 153,64 Total Fund capital 13 245 148,87 Other sources of funds Payments -277 657,73 Recoveries 0,00 Transaction to be finalised 0,00 Doubtful debt provisions -2 750,75 Creditors 1 525,20 Liaison accounts 380 558,36 Total liabilities 13 346 823,94





Income & Expenditure Account for the year ended 31 December 2003

(EUR thousand) Notes Balance at 1.1.2003 Income/expenditure for the year ended 31.12.2003 Balance at 31.12.2003 Inter-EDF transfers 2 693 152,51 Transfers liaison accounts 9 0,00 -1 877 402,35 815 505,91 Total income 0,00 815 750,16 815 505,91 Macro-economic support 0,00 49 000,00 49 000,00 Sectoral policy 0,00 18 887,55 18 887,55 Humanitarian aid 0,00 37 560,90 37 560,90 Debt relief initiatives 0,00 0,00 0,00 Compensation export receipts 0,00 0,00 0,00 Centre for the development of enterprise 0,00 0,00 0,00 Centre for the development of agriculture 0,00 0,00 0,00 General Assembly 0,00 0,00 0,00 Special operations 0,00 0,00 0,00 Technical assistance 0,00 251,36 251,36 Regional indicative programs 0,00 1 600,44 1 600,44 Social sectors 0,00 170 000,00 170 000,00 Methodological and developmental support 0,00 0,00 0,00 Natural resources 0,00 354,83 354,83 Private sector 0,00 0,00 0,00 Peace building and conflict prevention 0,00 0,00 0,00 Miscellaneous 0,00 0,00 0,00 Debt relief 0,00 0,00 0,00 Implementation expenses 0,00 2,66 2,66 Total operational expenditure 14 , 277 657,73 277 657,73 Provision for loss on short-term investments 6 , 3 153,64 3 153,64 Provision for doubtful debts 5,8 , 2 750,75 2 750,75 Excess of income over expenditure , 532 188,03 532 188,03

1.6. Statement of sources and uses of funds for the 6th, 7th, 8th and 9th EDFs

Statement of sources and uses of funds for the 6th, 7th, 8th and 9th EDFs for the year ended 31 December 2003

(EUR thousand) Treasury, ACP paying agents and EUR paying agents Treasury balance (excluding Stabex) at 1.1.2003 318 549,48 Contributions from Member States 1 937 216,05 Interest paid on late contributions 3 753,54 Transfer from Stabex current account 7 635,57 Total receipts 1 948 605,16 Operational payments 2 179 660,83 Increase in provision for doubtful debts 2 750,75 Increase in transactions to be finalised 2 357,28 Increase in advances 120,37 Total 2 184 889,23 Treasury balance (excluding Stabex) at 31.12.2003 82 265,41 Stabex current account Stabex current account balance at 1.1.2003 103 535,76 Interest receipts 1 678,92 dividends received 1 215,91 receipts on portfolio sales 108 282,34 Total receipts 111 177,17 Transfer to security accounts 190 981,53 portfolio management costs 24,00 Transfer to European bank accounts 7 635,57 Total 198 641,10 Stabex current account balance at 31.12.2003 16 071,83 Stabex security accounts Stabex security accounts balance at 1.1.2003 342 764,48 Transfers from Stabex current account 190 981,53 Interest received 7 704,68 Total Stabex receipts 198 686,22 Stabex payments 113 629,88 Stabex security accounts balance at 31.12.2003 427 820,81

1.7. Notes to the accounts

1.7.1. Initial allocation

This represents the total amount receivable from the Member States for the relevant EDF fund as laid down in the internal agreement between the Member States and the beneficiary African, Caribbean and Pacific (ACP) States and the Overseas Countries and Territories (OCT).

1.7.2. EIB special contribution

The Special EIB contribution provided for by Council Decision 87/592/EEC of 14 December 1987 has been used to finance the special programme for highly indebted countries.

1.7.3. Contributions called up

This represents the amount of the initial allocations which has been called up for transfer to the treasury accounts by the Member States in accordance with the procedure in Article 8 of the Financial Regulation, whereby each year the Commission must establish and communicate to the Council a statement of the payments to be made in the following year and a schedule of calls for contributions. The Commission must justify the amount requested on the basis of its capacity to deliver the proposed level of resources effectively.

Contributions were called up from the 8th EDF only during 2003 as detailed as follows.

1.7.4. Contributions received

The outstanding balance of EUR 200 for the 7th EDF was received in 2003. All other contributions received during the year related to the 8th EDF, details of which are given the following table.

8th EDF

Contributions called up and received for the year ended 31 December 2003

(EUR thousand) Percentage share of fund contributions Contributions called up in 2002 Contributions received in 2002 Contributions outstanding at 31.12.2002 Contributions called up in 2003 Contributions received in 2003 Contributions outstanding at 31.12.2003 Total contributions called 8th EDF at 31.12.2003 Total contributions received 8th EDF at 31.12.2003 Belgium 3,92 7 840,00 7 840,00 0,00 83 104,00 83 104,00 0,00 90 944,00 90 944,00 Denmark 2,14 4 280,00 4 280,00 0,00 45 368,00 45 368,00 0,00 49 648,00 49 648,00 France 24,30 48 600,00 48 600,00 0,00 515 160,00 434 250,00 80 910,00 563 760,00 482 850,00 Germany 23,36 46 720,00 46 720,00 0,00 495 232,00 495 232,00 0,00 541 952,00 541 952,00 Greece 1,25 2 500,00 2 500,00 0,00 26 500,00 26 500,00 0,00 29 000,00 29 000,00 Ireland 0,62 1 240,00 1 240,00 0,00 13 144,00 13 144,00 0,00 14 384,00 14 384,00 Italy 12,54 25 080,00 25 080,00 0,00 265 848,00 265 848,00 0,00 290 928,00 290 928,00 Luxembourg 0,29 580,00 580,00 0,00 6 148,00 6 148,00 0,00 6 728,00 6 728,00 Netherlands 5,22 10 440,00 10 440,00 0,00 110 664,00 110 664,00 0,00 121 104,00 121 104,00 Portugal 0,97 1 940,00 1 940,00 0,00 20 564,00 16 490,00 4 074,00 22 504,00 18 430,00 Spain 5,84 11 680,00 11 680,00 0,00 123 808,00 123 808,00 0,00 135 488,00 135 488,00 United Kingdom 12,69 25 380,00 25 380,00 0,00 269 028,00 269 028,00 0,00 294 408,00 294 408,00 Finland 1,48 2 960,00 2 960,00 0,00 31 376,00 31 376,00 0,00 34 336,00 34 336,00 Sweden 2,73 5 460,00 5 460,00 0,00 57 876,00 47 092,50 10 783,50 63 336,00 52 552,50 Austria 2,65 5 300,00 5 300,00 0,00 56 180,00 56 180,00 0,00 61 480,00 61 480,00 100,00 200 000,00 200 000,00 0,00 2 120 000,00 2 024 232,50 95 767,50 2 320 000,00 2 224 232,50

1.7.5. Debtors

The detail of this heading is as follows:

(EUR thousand) 6th 7th 8th 9th Total at 31.12.2003 Total at 31.12.2002 Debtors Interest on late contributions 5.1 0,00 0,00 0,00 3 290,16 3 290,16 3 890,29 Interest on late contributions — Stabex 5.2 0,00 0,00 0,00 792,12 792,12 820,21 Interest receivable — European banks 5.3 0,00 0,00 0,00 473,48 473,48 586,81 Interest receivable — Stabex main account 5.4 0,00 0,00 0,00 28,41 28,41 0,00 Interest receivable — Stabex security accounts 5.5 0,00 0,00 0,00 0,00 0,00 792,84 Advances 5.6 11 925,28 0,00 0,00 0,00 11 925,28 11 814,91 Recoveries and VAT 5.7 4 575,29 21 791,37 1 129,16 0,00 27 495,82 3 329,28 Provision for doubtful debts 5.8 -5,89 0,00 0,00 0,00 -5,89 16 494,68 21 791,37 1 129,16 4 584,17 43 999,38 21 234,34

1.7.5.1. Interest on late contributions

In accordance with Article 40(4) of the Financial Regulation interest is charged to the Member States in the event of late payment of the called-up contributions. Details of interests charged and subsequently paid by the Member States are given below:

Interest for late payment of EDF contributions for the year ended 31 December 2003

(EUR thousand) Balance at 1.1.2003 Interest charged 2003 Interest paid 2003 Balance at 31.12.2003 Belgium 0,00 16,58 0,00 16,58 Denmark 0,00 0,00 0,00 0,00 France 1 900,25 197,78 0,00 2 098,03 Germany 0,00 0,00 0,00 0,00 Greece 0,00 8,17 0,00 8,17 Ireland 4,56 0,00 0,00 4,56 Italy 861,23 0,00 861,23 0,00 Luxembourg 2,02 1,11 0,00 3,13 Netherlands 0,00 0,00 0,00 0,00 Portugal 36,87 9,96 6,27 40,56 Spain 61,46 0,00 0,00 61,46 United Kingdom 1 023,90 0,00 0,00 1 023,90 Finland 0,00 0,69 0,00 0,69 Sweden 0,00 26,36 0,00 26,36 Austria 0,00 6,72 0,00 6,72 3 890,29 267,37 867,50 3 290,16

1.7.5.2. Interest on late contributions — Stabex

All Stabex contributions were received prior to the beginning of this financial year. The amount shown for interest due represents the outstanding balance carried over from last year.

Interest payments of EUR 28.09 thousand were received from Italy during the year, therefore there remains only the balance of EUR 792.12 thousand from France which is still receivable.

1.7.5.3. Interest receivable — European banks

This amount represents interest earned on the European bank accounts during the financial year 2003 but only credited to the bank account in 2004.

1.7.5.4. Interest receivable — Stabex current account

This amount represents interest earned on the Stabex current accounts during the financial year 2003 but only credited to the bank account in 2004.

1.7.5.5. Interest receivable — Stabex security accounts

At the end of 2002 an amount of interest income of EUR 792.84 thousand relating to the interest for December 2002 had not been credited to the Stabex security bank accounts. In the 2003 figures the December interest income is included in the Stabex security account balance.

1.7.5.6. Advances

This amount corresponds to advances for study awards and to bodies such as GTZ, AGRER and AEC.

The figure shown in the balance sheet breaks down as follows:

(EUR) 31.12.2003 31.12.2002 Study awards 1 534 743,35 1 543 961,38 AEC 557 826,32 557 826,32 AGRER 365 728,65 236 138,46 GTZ 9 433 467,46 9 443 467,46 Adjustments 33 516,38 33 516,38 11 925 282,16 11 814 910,00

1.7.5.7. Recoveries and VAT

The movements for the year on recoveries and VAT to be recovered may be analysed as follows:

(EUR) Open recovery orders at 1.1.2003 New recovery orders issued in 2003 Recovery orders closed in 2003 Open recovery orders at 31.12.2003 6th EDF 537 810,57 904 167,61 903 252,92 538 725,26 7th EDF 2 579 551,61 27 558 536,27 8 346 720,87 21 791 367,01 8th EDF 13 731,03 12 236 659,01 11 121 229,58 1 129 160,46 VAT 198 187,72 24 477,21 222 664,93 0,00 Transactions to be finalised 0,00 4 036 564,50 0,00 4 036 564,50 TOTAL 3 329 280,93 44 760 404,60 20 593 868,30 27 495 817,23

Of the total recovery orders closed during 2003 an amount of EUR 131 373,79 was written off during the year and an amount of EUR 450 167,39 was recovered via compensation.

1.7.5.8. Provision doubtful debts

In previous years recoveries which were written off were netted off against payments, meaning that they were not separately identified in the accounts. Towards the end of 2003 a new procedure was introduced whereby amounts written off will be posted to the provision for doubtful debts and if appropriate written off to a specific bad debts account. This procedure will be followed for future periods.

1.7.6. Short-term investments

The short term investments represent the investments made using the funds from the main Stabex account which have not yet been transferred to a Stabex security account (see below).

The book value of the short-term investment portfolio decreased from EUR 107 247 200,75 at the beginning of the year to EUR 2 971 028,29 at the end of the year. This movement is due to the disposal of the majority of the investments during the year and the necessity to provide for a certain loss on the disposal of shares shortly after the year end.

Details of the profit and loss on sales of investments are given below:

Cost Sales price Profit/(loss) Portfolio at 1.1.2003 107 247 200,75 11.7.2003 sale -3 725 662,50 4 184 200,26 458 537,76 11.7.2003 sale -25 446 746,58 27 217 979,45 1 771 232,87 11.7.2003 sale -5 809 595,00 6 235 041,64 425 446,64 11.7.2003 sale -9 860 540,98 11 118 424,66 1 257 883,68 11.7.2003 sale -20 935 863,01 21 936 301,37 1 000 438,36 11.7.2003 sale -20 320 630,14 22 032 383,56 1 711 753,42 11.7.2003 sale -5 048 493,15 5 558 006,94 509 513,79 1.12.2003 sale -9 975 000,00 10 000 000,00 25 000,00 -101 122 531,36 108 282 337,88 7 159 806,52 Portfolio at 31.12.2003 6 124 669,39 6.1.2004 sale -3 062 334,69 838 780,28 -2 223 554,41 6.1.2004 sale -3 062 334,70 2 132 248,01 -930 086,69 -6 124 669,39 2 971 028,29 -3 153 641,10 Portfolio at 6.1.2004 0,00

As can be seen from the above table the value shown for short-term investments at the year end represents the cash received on the sale of the shares after the year end.

1.7.7. Deferred Stabex expenditure

A change in accounting policy was adopted during 2003 in relation to Stabex expenditure. In prior years amounts transferred to the Stabex security accounts (see also note 8.5 below) had been treated as if they were payments and thus expensed in the income and expenditure account. However, in view of the fact that the Stabex security accounts are bank accounts under the sole control of the European Commission it was considered more appropriate not to consider these transfers as expenditure in the accounts and to amend previous transactions accordingly. These transfers have therefore been reclassified and amounts now shown in the income and expenditure accounts represent actual sums transferred to the beneficiary state only. The effect of this change in accounting policy is to reduce the brought forward Stabex expenditure by EUR 10 million in the 7th EDF and EUR 333 million in the 8th EDF. The total of the Stabex deferred expenditure therefore represents the total of Stabex funds available and which will be transferred to the relevant beneficiary ACP State at some future date. These final transfers to the beneficiaries will in future be accounted for as expenditure.

1.7.8. Cash at bank

For reasons of efficiency, there is a single treasury for all the EDFs being implemented; this leads to operations between the various EDFs, which are balanced out in the liaison accounts between the various balance sheets. Balances on the liaison accounts at 31.12.2003 were as follows:

(EUR thousand) 6th 7th 8th 9th Total 31.12.2003 Transfers to/from 6th EDF on closing 0,00 2 279 306,96 -2 065 453,29 -380 558,36 -166 704,69 Transfers to/from 7th EDF on closing -2 279 306,96 0,00 0,00 0,00 -2 279 306,96 Transfers to/from 8th EDF on closing 2 065 453,29 0,00 0,00 967 835,58 3 033 288,87 Transfers to/from 9th EDF on closing 380 558,36 -967 835,58 -1 290 125,13 1 290 125,13 -587 277,22 Total liaison accounts 166 704,69 1 311 471,38 -3 355 578,42 1 877 402,35 0,00

In prior years the treasury has been presented in the balance sheet of the 6th EDF. This year the treasury has been presented in the balance sheet of the 9th EDF in accordance with Article 129 of the Financial Regulation.

Total cash at bank may be analysed as follows:

(EUR thousand) 31.12.2003 31.12.2002 Cash at bank Treasury accounts 8.1 9 983,16 186 375,23 ACP Paying Agents 8.2 57 867,06 39 234,45 EUR Paying Agents 8.3 17 160,05 92 939,81 Stabex current accounts 8.4 16 071,82 103 535,76 Stabex security accounts 8.5 427 820,81 341 971,64 Provision doubtful debts 8.6 -2 744,86 0,00 Total 526 158,03 764 056,88

1.7.8.1. Treasury accounts

Accounts held with the central banks of the Member States into which EDF contributions are paid.

1.7.8.2. ACP paying agents

Amounts held in bank accounts in the ACP States used for making payments locally.

The accounts are generally kept in euros, but may also be kept in a currency of a Community Member State.

1.7.8.3. EUR paying agents

All the accounts with commercial banks established in the Member States. The accounts are kept in euros and are used for payments to beneficiaries within the Union. Payments are generally made in euros, but may also be made in other currencies. These funds are also used to replenish ACP paying agent accounts.

1.7.8.4. Stabex current account

This amount represents the cash balance remaining on the principal Stabex account.

1.7.8.5. Stabex security accounts

For the purposes of transparency and sound financial management and to secure the amounts due to the ACP countries prior to utilisation, it was decided during 2001 to open an account in the Commission’s name with the BBVA consisting of sub-accounts in the name of each beneficiary state. Detailed information on the accounts opened in the name of the various beneficiary States are given below:

Stabex Movement schedule for the year ended 31 December 2003

Balance per 31.12.2002 Accrual adjustment Balance at 31.12.2002 Interests Payments Transfers Balance at 31.12.2003 Benin 809 201,16 1 875,93 811 077,09 1 591,99 768 199,00 0,00 44 470,08 Burkina Faso 712 158,20 1 650,94 713 809,14 15 226,71 0,00 0,00 729 035,85 Burundi 26 071 735,09 60 445,73 26 132 180,82 551 372,28 500 000,00 0,00 26 183 553,10 Cameroon 5 027 482,27 11 655,76 5 039 138,03 107 503,53 0,00 0,00 5 146 641,56 Comoros 50 597,35 117,16 50 714,51 1 080,11 0,00 0,00 51 794,62 Dominica 4 941 377,76 11 456,19 4 952 833,95 105 662,30 0,00 0,00 5 058 496,25 Ethiopia 5 069 134,05 11 752,37 5 080 886,42 77 137,95 4 301 574,90 0,00 856 449,47 Gambia 939 550,46 2 178,15 941 728,61 20 089,12 0,00 0,00 961 817,73 Grenada 306 079,41 709,49 306 788,90 6 543,17 0,00 0,00 313 332,07 Guinea-Bissau 309 988,61 718,53 310 707,14 6 626,87 0,00 0,00 317 334,01 Côte d'Ivoire 78 084 712,75 181 034,91 78 265 747,66 890 327,40 38 112 254,00 0,00 41 043 821,06 Jamaica 7 011 578,64 16 255,81 7 027 834,45 120 062,88 2 651 302,00 0,00 4 496 595,33 Kenya 50 260 060,83 116 525,02 50 376 585,85 669 894,10 51 046 479,95 0,00 0,00 Madagascar 14 685 435,86 34 047,21 14 719 483,07 287 592,11 1 769 073,00 0,00 13 238 002,18 Malawi 852 272,14 1 975,80 854 247,94 18 222,76 0,00 0,00 872 470,70 Mauritania 16 593 887,35 38 471,83 16 632 359,18 354 834,12 0,00 0,00 16 987 193,30 Papua-New Guinea 614 991,03 1 425,66 616 416,69 13 148,81 0,00 0,00 629 565,50 Rwanda 5 362 645,28 12 432,86 5 375 078,14 114 670,50 0,00 0,00 5 489 748,64 Senegal 9 407 425,92 21 810,44 9 429 236,36 201 162,20 0,00 0,00 9 630 398,56 Sierra Leone 2 852 105,00 6 612,29 2 858 717,29 60 986,33 0,00 0,00 2 919 703,62 Saint Lucia 12 794 765,31 29 663,79 12 824 429,10 273 595,49 0,00 0,00 13 098 024,59 Solomon Islands 28 159 195,78 65 285,41 28 224 481,19 602 141,29 0,00 0,00 28 826 622,48 St Vincent & Grenadines 3 690 430,95 8 555,90 3 698 986,85 78 912,63 0,00 0,00 3 777 899,48 Tanzania 28 893 422,80 66 987,63 28 960 410,43 617 841,61 0,00 0,00 29 578 252,04 Tonga 80 512,74 186,53 80 699,27 1 719,81 0,00 0,00 82 419,08 Haiti 2 732 766,72 6 335,64 2 739 102,36 58 434,39 0,00 0,00 2 797 536,75 Uganda 33 017 255,36 76 548,54 33 093 803,90 636 380,29 14 481 000,00 0,00 19 249 184,19 Zimbabwe 2 640 869,25 6 122,55 2 646 991,80 56 469,30 0,00 0,00 2 703 461,10 Sudan 0,00 1 755 449,29 0,00 190 981 534,00 192 736 983,29 Total 341 971 638,07 792 838,07 342 764 476,14 7 704 679,34 113 629 882,85 190 981 534,00 427 820 806,63

1.7.8.6. Doubtful debts

This amount represents the full balance on an old bank account in the Congo (at the time of opening the account Zaire) on which there have been no movements for several years and about which there is some doubt as to recoverability. In view of this it was considered prudent to provide for a potential loss, although every effort is being made to ensure that the amount involved is in fact recovered.

1.7.9. Inter-fund transfers

This heading shows resources transferred from other funds which increase the appropriation of the receiving fund and reduce that of the Fund of origin. The total balance may be analysed as follows:

(EUR thousand) 6th 7th 8th 9th Consol. Total 31.12.2003 Transfers to/from 4th EDF 144 324,75 0,00 0,00 0,00 0,00 144 324,75 Transfers to/from 5th EDF 177 632,24 526 778,50 0,00 0,00 0,00 704 410,74 Transfers to/from 6th EDF 0,00 181 756,97 94 000,00 357 490,78 633 247,75 633 247,75 Transfers to/from 7th EDF -181 756,97 0,00 532 815,29 596 300,43 947 358,74 947 358,74 Transfers to/from 8th EDF -94 000,00 -532 815,29 0,00 1 739 361,30 1 112 546,02 1 112 546,02 Transfers to/from 9th EDF -357 490,78 -596 300,43 -1 739 361,30 0,00 -2 693 152,51 -2 693 152,51 Total inter-EDF transfers -311 290,76 -420 580,24 -1 112 546,02 2 693 152,51 0,00 848 735,49

1.7.10. Capitalised income

Capitalised income may be analysed as follows:

(EUR thousand) 6th EDF 7th EDF 8th EDF 9th EDF Total Capitalised Income Capitalised interest 10,1 13 700,00 49 000,00 35 450,00 0,00 98 150,00 Capitalised Stabex interest 10,1 24 078,12 322 521,37 1 859,19 0,00 348 458,69 EIB interest 10,1 0 3 512,86 0,00 0,00 3 512,86 European bank interest 10,1 0 25 417,56 0,00 0,00 25 417,56 Interest late contributions 10,2 0 6 230,42 0,00 0,00 6 230,42 Replenishment of Stabex resources 10,3 185 102,55 0,00 0,00 0,00 185 102,55 Provision for loss on short term investments 6 0,00 0,00 0,00 -3 153,64 -3 153,64 Interest income Stabex security accounts 10,4 0,00 0,00 25 101,52 0,00 25 101,52 Total capitalised income 222 880,67 406 682,22 62 410,71 -3 153,64 688 819,96

1.7.10.1. Capitalised interest, capitalised Stabex interest, EIB interest, European bank interest

The interest earned on accounts with European paying agents (including the main Stabex account) can be used to finance projects in accordance with Articles 1.3 and 10 of the internal agreement.

This heading represents the amount of interest on deposited funds committed for the financing of projects. This interest leads to an effective increase in the Funds’ overall appropriations.

1.7.10.2. Interest on late contributions

This is interest from late payment of contributions which have been committed for the financing of projects. This interest leads to an effective increase in the Funds’ overall appropriations.

1.7.10.3. Replenishment of Stabex resources

This heading comprises direct contributions by the ACP States (replenishment of resources) and the amounts by which transfer entitlements have been reduced at the request of the ACP States. The obligation to replenish Stabex resources was abolished by the ACP-EDF Council Decision of 19 November 1991.

1.7.10.4. Interest income, Stabex security accounts

(See also note 7 above).

This represents the accumulated income generated by the Stabex security accounts. Whilst such income appears to increase the total of the Fund it should be borne in mind that any income generated by these accounts is earmarked for the specific beneficiary state.

The difference of EUR 24 million between these figures and the figures shown in the report on financial implementation is explained by the booking of the Stabex security account interest (25 million), Stabex main account interest (2 million) and a provision for loss in short term investments (-3 million) in the accounts. These amounts have not yet been incorporated into the Authorising Officer’s report.

1.7.11. Payments

These amount represent total project expenditure for the Fund in question and include payments to the European Investment Bank (EIB) and the World Bank (180 million in 2002; 209 million in 2003) in the context of the Heavily Indebted Poor Countries (HIPC) initiative. The amount of these advance payments which have still to be disbursed, as at 31 December 2003, is set out in Table 4.2.3 of the Financial Implementation Report.

The payment figures also include so called final transfers of Stabex funds (to accounts held by the beneficiary States), amounting to 114 million in 2003 in order to fully comply with a recommendation of the Court of Auditors on the preferred accounting treatment for such transactions.

1.7.12. Transactions awaiting finalisation

This amount comprises all payments/receipts awaiting final allocation to the appropriate projects.

These amounts concern expenditure which will be charged to the 6th, 7th, 8th or 9th EDF. Considering the activity during 2003 it can be assumed that the greater part of this expenditure /revenue will be charged to the 8th EDF.

1.7.13. Creditors

The total creditor balance may be analysed as follows:

(EUR thousand) 6th EDF 7th EDF 8th EDF 9th EDF Total Creditors Contributions received in advance 13.1 0,00 0,00 0,00 1 429,50 1 429,50 Provisions for bank charges 13.2 0,00 0,00 0,00 95,70 95,70 Outstanding Stabex payments 13.3 0,00 0,00 427 820,81 0,00 427 820,81 Total creditors 0,00 0,00 427 820,81 1 525,20 429 346,00

1.7.13.1. Contributions received in advance

Certain contributions were paid in advance, as follows:

ItalyEUR , thousand,

Luxembourg EUR 304 .50 thousand.

1.7.13.2. Provisions for bank charges

This amount is made up of transactions relating to bank errors and bank charges for the year ended 31 December 2003, which were debited to the relevant bank accounts after the year end.

1.7.13.3. Outstanding Stabex payments

(See also notes 7, 8.5 and 10.4 above).

This balance represents the amounts due to beneficiary ACP States in respect of the Stabex aid instrument. The total balance represents the total amount on the Stabex security accounts.

1.7.14. Expenditure

These amounts show the fund expenditure by aid instrument.

1.7.15. Administrative expenditure and financial costs

These amounts may be analysed as follows:

(EUR) Balance at 1.1.2003 Charge for the year Balance at 31.12.2003 Financial costs 56 157,04 28 554,94 84 711,98 Interest on late payments 79 995,22 22 265,34 102 260,56 Year end re-evaluations 3 640 052,56 526 144,89 4 166 197,45 Interests and bank charges on account for advances on study grants -63 579,00 -35,90 -63 614,90 Contract BDC 163 350,00 121 275,00 284 625,00 Service contract Schlumberger-Sema 63 891,84 22 269,59 86 161,43 Others 365 827,69 0,00 365 827,69 Total 4 305 695,35 720 473,86 5 026 169,21 Audit and evaluation costs financed from interest 2 593 952,29 0,00 2 593 952,29 Total 6 899 647,64 720 473,86 7 620 121,50

1.7.16. Re-statement of certain figures for 2002 as a result of changes in accounting policy

Certain figures for 2002 have been restated in order to comply with the generally accepted accounting principle ‘Comparability of information’ and to implement International Accounting Standard, IPSAS no. 3, in order to reflect the change in accounting policy for Stabex and HIPC transactions. These corrections amount to EUR 164 million. By way of information, the original and the re-stated figures are shown below, together with details of the various adjustments made. (See also notes 7 and 11 to the accounts in particular).

CONSOLIDATED BALANCE SHEET OF THE 6TH, 7TH, 8TH AND 9TH EDFs AT 31 DECEMBER 2002

(EUR million) Notes As originally shown in 2002 accounts Adjustments As re-stated in 2003 accounts ASSETS Long term assets 10 840 10 840 Current assets Debtors 5; 7 20 1 21 Short-term investments 107 Deferred Stabex expenditure 7 343 343 HIPC advanced payments 11; 16 180 -180 Cash at bank 6; 8 871 764 Total assets 11 911 164 12 075 LIABILITIES Fund capital 31 340 31 340 Total inter-fund transfers 849 849 Capitalised income 10; 13 653 15 668 Total Fund capital 32 842 32 857 Other sources of funds Payments 7; 11; 16 -21 356 145 -21 211 Recoveries 3 3 Transactions to be finalised -8 -8 Doubtful debt provisions Creditors 10; 13 430 4 434 Total liabilities 11 911 164 12 075

2. REPORTS ON FINANCIAL IMPLEMENTATION

INTRODUCTORY NOTE

Previous EDFs

Decision No 1/2000 of the ACP-EC Council of 27 July 2000 regarding transitional measures provides for some of the unallocated resources from previous EDFs to be used for programmes consistent with the relevant provisions of the Cotonou Agreement and put into early application under transitional measures.

Commission Decision No 410/2001 of 16 March 2001, which fixes the allocations for the indicative programmes of the ACP countries under the ACP-EC Partnership Agreement, stipulates that the unallocated resources from previous EDFs up to maximum of EUR 1 200 million are to be used for implementation in accordance with the rules and procedures of the relevant EDFs pending the entry into force of the Financial Protocol to the 9th EDF.

Commission Decision No 1033/2001 of 15 June 2001 fixed the allocations for regional programmes and intra-ACP cooperation under the Financial Protocol to the ACP-EC Partnership Agreement.

Commission Decision No 1252/2002 of 11 July 2002 increased the envelope intended for intra-ACP cooperation by EUR 60 million, from the general reserves of the 6th and 7th EDFs, and also provided for the use of these additional funds pending the entry into force of the Financial Protocol to the 9th EDF, in accordance with the rules and procedures applicable to the original EDFs.

Lastly, Decision No 3/2002 of the ACP-EC Council of Ministers of 23 December 2002 took an amount of EUR 25 million from the unallocated resources of the 8th EDF (general reserve) and allocated it to regional cooperation under the ACP-EC Partnership Agreement.

As last year, to ensure transparency in the presentation of the accounts the various tables below set out separately for each of the 6th, 7th and 8th EDFs the part used for Lomé Convention programming and the part used for programming under the Cotonou Agreement. Entry in the accounts and the presentation of accounts in connection with the Cotonou Agreement is based on Article 3(2) of Annex IV of the ACP-EC Partnership Agreement, as regards countries. That Article gives the ACP countries an allocation A to cover macroeconomic support and support for programmes and projects and an allocation B to cover unforeseen needs such as emergency assistance, debt relief initiatives and support to offset the adverse effects of instability in export earnings (2). For the regions, the accounts are set out according to the regional programming as referred to in Chapter 2 of the ACP-EC Partnership Agreement (i.e. regional indicative programme and intra-ACP cooperation).

9th EDF

The ACP-EC Partnership Agreement signed on 23 June 2000 in Cotonou by the Member States of the European Community and the States of Africa, the Caribbean and the Pacific (ACP States) entered into force on 1 April 2003.

The European Union Council Decision of 27 November 2001 (2001/822/EC) on the association of the overseas countries and territories (OCT) with the European Community entered into force on 2 December 2001.

The Cotonou Agreement was concluded for a twenty-year period with a five-year review clause and a Financial Protocol for each five-year period. The European Union Council Decision on the association of the OCT with the European Community is applicable for ten years.

The first five years are, therefore, financed under the 9th EDF. The 9th EDF was set at EUR 13 800 million, including EUR 13 500 million allocated to the ACP States in accordance with the first Financial Protocol included in the Cotonou Agreement, EUR 175 million allocated to the OCT (provided for by the EU Council Decision on the association of the OCT) and EUR 125 million reserved for the European Commission to cover expenses in connection with implementing the 9th EDF resources (provided for in the internal agreement for the 9th EDF).

Of the total 9th-EDF budget for the ACP States, EUR 1 000 million may only be released after examination by the European Union Council in 2004, on the basis of a proposal from the European Commission. Assuming they are released, the resources will have to be distributed between the 9th EDF budgets according to need.

The breakdown of 9th EDF allocations for ACP States, including the ‘conditional billion’ and allocations managed directly by the European Investment Bank (EIB), is as follows:

9th EDF allocation Reduction/conditional billion Unopened allocations (EIB-managed) Open allocations Long-term development budget 10 000 000 000 (741 000 000) (186 850 000) (interest-rate subsidies) 9 072 150 000 Regional budget 1 300 000 000 (96 000 000) 1 204 000 000 Investment facility 2 200 000 000 (163 000 000) (2 037 000 000) 0 Total 13 500 000 000 (1 000 000 000) (2 223 850 000) 10 276 150 000

The long-term development budget for ACP States has two components:

The A allocation for macroeconomic support for sectoral policies, programmes and projects supporting focal or non-focal areas of Community aid corresponds to the allocation for the NIPs and structural adjustment in previous EDFs.

The B allocation, intended to cover unforeseen needs such as emergency aid, contributions to debt reduction initiatives and support to offset adverse fluctuations in export earnings, generally corresponds to the Stabex, Sysmin and emergency aid allocations in previous EDFs.

The breakdown of 9th EDF allocations for the OCT, including those managed directly by the European Investment Bank (EIB), is as follows:

9th EDF allocation Unopened allocations (EIB-managed) Open allocations OLAS Long-term development budget 127 100 000 127 100 000 C reserve 17 900 000 (1 000 000) (interest rate subsidies) 16 900 000 Regional budget 8 000 000 8 000 000 Budget for studies and technical assistance 2 000 000 2 000 000 Investment facility 20 000 000 (20 000 000) 0 TOTALS 175 000 000 (21 000 000) 154 000 000

The unallocated C reserve for OCTs is maintained to finance humanitarian aid, emergencies, refugee assistance and fluctuations in export earnings, and corresponds to the B allocation for the ACP countries.

Moreover, under Commission Decision E/982/2003 of 16 June 2003, all unspent balances from EDFs prior to the date of entry into force of the Cotonou Agreement (for ACP countries) and the date of entry into force of the internal agreement on the 9th EDF (for the OCT countries), and all amounts decommitted after those dates for ongoing projects under those EDFs, have been transferred to the 9th EDF. Any resource thus transferred to the 9th EDF after previously having been allocated to the indicative programme of an ACP State or region has been allocated to that State or region. On the other hand, the unallocated resources have been transferred to reserves which will subject to new programming under the 9th EDF.

The tables at Annex giving the amounts decided, contracted and paid refer to net data. Only Table 2.7. refers separately to amounts committed and decommitted and amounts paid and recovered.

2.1. Appropriations at 31 December 2003

Table 1.1

6th EDF

Situation of appropriations (EUR): 31 December 2003

ANALYSIS OF FUND BY INSTRUMENT

Instrument Initial appropriation Accumulated increases or reductions in resources at 31.12.2002 Increases or reductions in resources during 2003 Current appropriation ACP Lomé Grants 4 362 500 000,00 294 352 144,32 (284 203 846,04) 4 372 648 298,28 Special loans 600 000 000,00 (160 989 748,68) (6 000 000,00) 433 010 251,32 Interest-rate subsidies 207 500 000,00 (126 027 570,41) (47 892,95) 81 424 536,64 Emergency aid 210 000 000,00 (30 607 474,49) 0,00 179 392 525,51 Aid for refugees 80 000 000,00 14 769 154,98 0,00 94 769 154,98 Risk capital 600 000 000,00 (55 000 000,00) (15 301 353,04) 529 698 646,96 Stabex 925 000 000,00 522 123 081,56 0,00 1 447 123 081,56 Sysmin 415 000 000,00 (258 981 215,46) (17 400 000,00) 138 618 784,54 Transfer 4th EDF – 6th EDF 0,00 106 527 335,88 (17 224 875,68) 89 302 460,20 Structural adjustment 0,00 6 000 000,00 0,00 6 000 000,00 Cotonou Intra-ACP allocation 0,00 10 000 000,00 0,00 10 000 000,00 General reserve 0,00 3 388 343,78 (3 388 343,78 0,00 TOTAL ACP 7 400 000 000,00 325 554 051,48 (343 566 311,49) 7 381 987 739,99 OCT Grants 48 500 000,00 13 189 361,21 (11 866 951,31) 49 822 409,90 Special loans 25 000 000,00 (9 802 877,21) 0,00 15 197 122,79 Interest-rate subsidies 2 500 000,00 106 062,69 (7 560,29) 2 598 502,40 Emergency aid 3 000 000,00 (2 489 325,51) 0,00 510 674,49 Aid for refugees 1 000 000,00 (1 000 000,00) 0,00 0,00 Risk capital 15 000 000,00 0,00 (375 163,42) 14 624 836,58 Stabex 4 000 000,00 0,00 0,00 4 000 000,00 Sysmin 1 000 000,00 0,00 0,00 1 000 000,00 Transfer 4th EDF – 6th EDF 0,00 3 523 425,21 (1 674 795,41) 1 848 629,80 TOTAL OCT 100 000 000,00 3 526 646,39 (13 924 470,43) 89 602 175,96 TOTAL 6TH EDF 7 500 000 000,00 329 080 697,87 (357 490 781,92) 7 471 589 915,95

Table 1.2

6TH EDF

Situation of appropriations (EUR): 31 December 2003

ANALYSIS OF MOVEMENTS DURING THE YEAR

ACP Lomé Cotonou General reserve Total ACP Grants Special loans Interest rate subsidies Emergency aid Aid for refugees Risk capital STABEX SYSMIN Transfer 4th EDF – 6th EDF Structural adjustment Intra ACP Situation at 31.12.2002 (3) 4 656 852 144,32 439 010 251,32 81 472 429,59 179 392 525,51 94 769 154,98 545 000 000 1 447 123 081,56 156 018 784,54 106 527 335,88 6 000 000,00 10 000 000,00 3 388 343,78 7 725 554 051,48 (284 203 846,04) (6 000 000,00) (47 892,95) (15 301 353,04) (17 400 000,00) (17 224 875,68) (3 388 343,78) (343 566 311,49) Situation at 31.12.2003 4 372 648 298,28 433 010 251,32 81 424 536,64 179 392 525,51 94 769 154,98 529 698 646,96 1 447 123 081,56 138 618 784,54 89 302 460,20 6 000 000,00 10 000 000,00 0,00 7 381 987 739,99





OCT Grants Special loans Interest rate subsidies Emergency aid Aid for refugees Risk capital STABEX SYSMIN Transfer 4th EDF – 6th EDF Total OCT Situation at 31.12.2002 (3) 61 689 361,21 15 197 122,79 2 606 062,69 510 674,49 0 15 000 000 4 000 000 1 000 000 3 523 425,21 103 526 646,39 (11 866 951,31) (7 560,29) (375 163,42) (1 674 795,41) (13 924 470,43) Situation at 31.12.2003 49 822 409,90 15 197 122,79 2 598 502,40 510 674,49 0 14 624 836,58 4 000 000,00 1 000 000,00 1 848 629,80 89 602 175,96

Table 1.3

7th EDF

Situation of appropriations (EUR): 31 December 2003

ANALYSIS OF FUND BY INSTRUMENT

Instrument Initial appropriation Accumulated increases or reductions in resources at 31.12.2002 Increases or reductions in resources during 2003 Current appropriation ACP Lomé Grants 6 215 000 000,0 (5 244 745 910,42) (424 981 312,16) 5 545 272 777,42 Interest-rate subsidies 280 000 000 ,00 (62 000 000,00) (12 642 328,60) 205 357 671,20 Emergency aid 250 000 000,00 154 820 638,81 0,00 404 820 638,81 Aid for refugees 100 000 000,00 (13 716 323,55) (104 320,00) 86 179 356,45 Risk capital 825 000 000,00 0,00 (3 468 752,68) 821 531 247,32 Stabex 1 500 000 000,00 196 693 938,31 0,00 1 696 693 938,31 Sysmin 480 000 000,00 (28 638 214,90) (5 054 561,96) 446 307 223,14 Transfer 5th EDF – 7th EDF 0,00 414 488 944,17 (70 947 882,89) 343 541 061,28 Structural adjustment 1 150 000 000,00 1 386 344,58 (101 832,72) 1 151 284 511,86 Heavily indebted poor countries 40 000 000,00 0,00 40 000 000,00 Sundry revenue (4) 0,00 31 488 952,08 (31 844 952,08) 0,00 Cotonou Intra-ACP Allocation 0,00 50 000 000,00 0,00 50 000 000,00 General reserve 0,00 16 792 139,52 (16 792 139,52) 0,00 TOTAL ACP 10 800 000 000,00 556 926 508,60 (565 938 082,81) 10 790 988 425,79 OCT Grants 97 500 000,00 0,00 (9 989 188,16) 87 510 811,84 Interest-rate subsidies 6 000 000,00 0,00 (1 780 974,77) 4 219 025,23 Emergency aid 2 500 000,00 0,00 (239 460,17) 2 260 539,83 Aid for refugees 500 000,00 0,00 (206 823,72) 293 176,28 Risk capital 25 000 000,00 0,00 (2 505 300,00) 22 494 700,00 Stabex 6 000 000,00 0,00 0,00 6 000 000,00 Sysmin 2 500 000,00 0,00 0,00 2 500 000,00 Transfer 5th EDF – 7th EDF 0,00 14 800 964,10 (4 965 670,70) 9 835 293,40 TOTAL OCT 140 000 000,00 14 800 964,10 (19 687 417,52) 135 113 546,58 TOTAL 7TH EDF 10 940 000 000,00 571 727 472,70 (585 625 500,33) 10 926 101 972,37

Table 1.4

7TH EDF

Situation of appropriations (EUR): 31 December 2003

ANALYSIS OF MOVEMENTS DURING THE YEAR

ACP Lomé Cotonou Sundry revenue General reserve Total ACP Grants Interest rate subsidies Emergency aid Aid for refugees Risk capital STABEX SYSMIN Transfer 5th EDF – 7th EDF Structural adjustment Heavily indebted poor countries Intra ACP Situation at 31.12.2002 (5) (6) (7) 5 970 254 089,58 218 000 000,00 404 820 638,81 86 283 676,45 825 000 000,00 1 696 693 938,31 451 361 785,10 414 488 944,17 1 151 386 344,58 40 000 000 50 000 000 31 844 952,08 16 792 139,52 11 356 926 508,60 10 059 036,00 3 071 824,17 13 130 860,17 (424 981 312,16) (12 642 329) (104 320,00) (3 468 753) (10 059 036,00) (5 054 561,96) (70 947 882,89) (101 832,72) (32 216 776,25) (16 792 140) (576 368 942,98) (2 700 000,00) (2 700 000,00) Situation at 31.12.2003 5 545 272 777,42 205 357 671 404 820 638,81 86 179 356,45 821 531 247 1 696 693 938,31 446 307 223,14 343 541 061,28 1 151 284 511,86 40 000 000 50 000 000 0,00 0,00 10 790 988 425,79





OCT Grants Interest rate subsidies Emergency aid Aid for refugees Risk capital STABEX SYSMIN Transfer 5th EDF – 7th EDF TOTAL OCT Situation at 31.12.2002 (6) 97 500 000 6 000 000 2 500 000 500 000 25 000 000 6 000 000 2 500 000 14 800 964 154 800 964,10 (9 989 188) (1 780 975) (239 460) (206 824) (2 505 300) (4 965 670,70) (19 687 417,52) Situation at 31.12.2003 87 510 812 4 219 025 2 260 540 293 176 22 494 700 6 000 000 2 500 000 9 835 293,40 135 113 546,58

Table 1.5

8th EDF

Situation of appropriations (EUR): 31 December 2003

ANALYSIS OF FUND BY INSTRUMENT

Instrument Initial appropriation Accumulated increases or reductions in resources at 31.12.2002 Increases or reductions in resources during 2003 Current appropriation ACP Lomé Grants 7 562 000 000,00 (895 887 500,00) (860 229 269,35) 5 805 883 230,65 Interest-rate subsidies 370 000 000,00 (200 000 000,00) (46 506 796,67) 123 493 203,33 Emergency aid 140 000 000,00 0,00 (7 396,86) 139 992 603,14 Aid for refugees 120 000 000,00 0,00 (1 461 534,00) 118 538 466,00 Risk capital 1 000 000 000,00 350 000 000,00 (139 773 769,08) 1 210 226 230,92 Stabex 1 800 000 000,00 (1 136 526 999,00) 0,00 663 473 001,00 Sysmin 575 000 000,00 (453 686 716,32) (141 909,40) 121 171 374,28 Structural adjustment 1 400 000 000,00 250 000 000,00 (45 167 226,35) 1 604 832 773,65 Heavily indebted poor countries 0,00 1 185 000 000,00 (125 000 000,00) 1 060 000 000,00 Utilisation of interest income 0,00 35 450 000,00 2 700 000,00 38 150 000,00 Cotonou A envelope 0,00 565 785 000,00 (13 576 000,00) 552 209 000,00 B envelope 0,00 280 000 000,00 (25 000 000,00) 255 000 000,00 Regional 0,00 8 500 000,00 0,00 8 500 000,00 Reserve – Cotonou – Countries 0,00 354 215 000,00 (354 215 000,00) 0,00 Reserve – Cotonou – Regions 0,00 16 500 000,00 (16 500 000,00) 0,00 General reserve 0,00 8 216 501,25 (8 216 501,25) 0,00 TOTAL ACP 12 967 000 000,00 367 565 285,93 (1 633 095 402,96) 11 701 469 882,97 OCT Grants 115 000 000,00 0,00 (68 115 627,68) 46 884 372,32 Interest-rate subsidies 8 500 000,00 0,00 (6 133 162,82) 2 366 837,18 Emergency aid 3 000 000,00 0,00 (3 000 000,00) 0,00 Aid for refugees 500 000,00 0,00 (500 000,00) 0,00 Risk capital 30 000 000,00 0,00 (21 500 000,00) 8 500 000,00 Stabex 5 500 000,00 0,00 (4 317 109,00) 1 182 891,00 Sysmin 2 500 000,00 0,00 0,00 2 500 000,00 TOTAL OCT 165 000 000,00 0,00 (103 565 899,50) 61 434 100,50 TOTAL 8TH EDF 13 132 000 000,00 367 565 285,93 (1 736 661 302,46) 11 762 903 983,47

Table 1.6

8TH EDF

Situation of appropriations (EUR): 31 December 2003

ANALYSIS OF MOVEMENTS DURING THE YEAR

ACP Lomé Cotonou Countries reserve Cotonou Regional reserve Cotonou General reserve Total ACP Grants Interest rate subsidies Emergency aid Aid for refugees Risk capital STABEX SYSMIN Structural adjustment Heavily indebted poor countries Utilisation of interest income A Envelop B Envelop Regional SITUATION AT 31.12.2002 (8) (9) (10) (11) 6 666 112 500,00 170 000 000,00 140 000 000,00 120 000 000,00 1 350 000 000,00 663 473 001,00 121 313 283,68 1 650 000 000,00 1 185 000 000,00 35 450 000,00 565 785 000,00 280 000 000,00 8 500 000,00 354 215 000,00 16 500 000,00 8 216 501,25 13 334 565 285,93 (860 229 269,35) (46 506 796,67) (7 396,86) (1 461 534,00) (139 773 769,08) (141 909,40) (45 167 226,35) (125 000 000,00) (20 145 000,00) (25 000 000,00) (347 646 000,00) (16 500 000,00) (8 216 501,25) (1 635 795 402,96) 2 700 000,00 2 700 000,00 6 569 000,00 (6 569 000,00) 0,00 SITUATION AT 31.12.2003 5 805 883 230,65 123 493 203,33 139 992 603,14 118 538 466,00 1 210 226 230,92 663 473 001,00 121 171 374,28 1 604 832 773,65 1 060 000 000,00 38 150 000,00 552 209 000,00 255 000 000,00 8 500 000,00 0,00 0,00 0,00 11 701 469 882,97





OCT Grants Interest rate subsidies Emergency aid Aid for refugees Risk capital STABEX SYSMIN Heavily indebted poor countries Total OCT Situation at 31.12.2002 (8) 115 000 000,00 8 500 000,00 3 000 000,00 500 000,00 30 000 000,00 5 500 000,00 2 500 000,00 0,00 165 000 000,00 (68 115 627,68) (6 133 162,82) (3 000 000,00) (500 000,00) (21 500 000,00) (4 317 109,00) (103 565 899,50) Situation at 31.12.2003 46 884 372,32 2 366 837,18 0,00 0,00 8 500 000,00 1 182 891,00 2 500 000,00 0,00 61 434 100,50

Table 1.7

9th EDF

Situation of appropriations (EUR): 31 December 2003

ANALYSIS OF FUND BY INSTRUMENT

Instrument Initial appropriation Transfer from previous fed Increases or reductions in resources during 2003 Current appropriation ACP Lomé A envelope 5 318 300 000,00 1 456 900 007,66 6 775 200 007,66 B envelope 2 107 900 000,00 0,00 2 107 900 000,00 National allocations reserve 1 224 100 000,00 0,00 1 224 100 000,00 CDE, CTA and Joint Assembly 164 000 000,00 (99 101 000,00) 64 899 000,00 Long-term dev. reserve 257 850 000,00 20 011 842,56 277 861 842,56 Regional allocations 904 000 000,00 9 995 298,01 913 995 298,01 Intra-ACP 300 000 000,00 1 135 707 732,95 1 435 707 732,95 Implementing expenses 125 000 000,00 0,00 125 000 000,00 Interest and other revenue 0,00 32 216 776,25 32 216 776,25 TOTAL ACP 10 401 150 000,00 2 555 730 657,43 0,00 12 956 880 657,43 OCT A envelope 78 617 982,12 78 617 982,12 Long-term dev. reserve 144 000 000,00 40 565 554,19 184 565 554,19 Regional allocations 8 000 000,00 17 994 251,14 25 994 251,14 Tech. assistance allocation 2 000 000,00 0,00 2 000 000,00 TOTAL OCT 154 000 000,00 137 177 787,45 0,00 291 177 787,45 TOTAL 9th EDF 10 555 150 000,00 2 692 908 444,88 0,00 13 248 058 444,88

Table 1.8

6th–7th–8th–9th EDF

INCREASES, REDUCTIONS AND TRANSFER OF RESOURCES DURING 2003

ACP Total 6th EDF Total 7th EDF Total 8th EDF Total 9th EDF net change SITUATION AT 31.12.2002 7 725 554 051,48 11 356 926 508,60 13 334 565 285,93 0,00 Interest 2003 13 130 860,17 13 130 860,17 Transfer to 9th EDF following the entry into force of Cotonou (Commission decision of 16 April 2003) (343 566 311,49) 343 566 311,49 0,00 Transfer to 9th EDF following the entry into force of Cotonou (Commission decision of 16 April 2003) (576 368 942,98) 576 368 942,98 0,00 Transfer to 9th EDF following the entry into force of Cotonou (Commission decision of 16 April 2003) (1 635 795 402,96) 1 635 795 402,96 0,00 Transfer from 8th EDF under Council Decision on use of interest to finance management of individual experts (cfed/373). (2 700 000,00) 0,00 Allocations for 9th EDF following entry into force of Cotonou 10 401 150 000,00 10 401 150 000,00 SITUATION AT 31.12.2003 7 381 987 739,99 10 790 988 425,79 11 701 469 882,97 12 956 880 657,43 10 414 280 860,17





ACP TOTAL 6th EDF TOTAL 7th EDF TOTAL 8th EDF TOTAL 9th EDF net change SITUATION AT 31.12.2002 103 526 646,39 154 800 964,10 165 000 000,00 0,00 Transfer to 9th EDF following the entry into force of Cotonou (Commission decision of 16 April 2003) (13 924 470,43) 13 924 470,43 0,00 Transfer to 9th EDF following the entry into force of Cotonou (Commission decision of 16 April 2003) (19 687 417,52) 19 687 417,52 0,00 Transfer to 9th EDF following the entry into force of Cotonou (Commission decision of 16 April 2003) (103 565 899,50) 103 565 899,50 0,00 Allocations for 9th EDF following entry into force of Cotonou 154 000 000,00 154 000 000,00 SITUATION AT 3 1.1 2.2 003 89 602 175,96 135 113 546,58 61 434 100,50 291 177 787,45 154 000 000,00 TOTAL ACP +OCT 7 471 589 915,95 10 926 101 972,37 11 762 903 983,47 13 248 058 444,88 10 568 280 860,17 TOTAL TRANSFER TO 9TH EDF (357 490 781,92) (596 056 360,50) (1 739 361 302,46) 2 692 908 444,88 0,00

Table 1.9

EDF SITUATION OF APPROPRIATIONS 31 DECEMBER 2003

2.2. Consolidated accounts

EDF CONSOLIDATED ACCOUNTS AT 31 DECEMBER 2003

Table 2.1

PROGRESS REPORT (EUR THOUSAND)

Appropriations 6th EDF 7th EDF 8th EDF 9th EDF 6th, 7th, 8th and 9th Lomé Programmable aid 4 870 678 5 632 784 5 852 768 16 356 229 Non-programmable aid 2 499 761 4 889 942 5 094 427 12 484 130 Transfers to other Funds 91 151 353 376 444 527 Sundry revenue Cotonou A envelope 552 209 6 853 818 7 406 027 B envelope 255 000 2 107 900 2 362 900 Regional allocation 8 500 939 990 948 490 Intra-ACP allocation 10 000 50 000 1 435 708 1 495 708 CDE, CTA and Joint Assembly 64 899 64 899 Countries Reserve Cotonou 1 224 100 1 224 100 Long-term dev. reserve 462 427 462 427 Implementing expenses and int. 159 217 159 217 Total 7 471 590 10 926 102 11 762 904 13 248 058 43 408 654





EDF Aggregate total Annual figures As at 31.12.2003 % of appropriation 1999 2000 2001 2002 2003 DECISIONS 6 7 471 590 100 % (22 719) 29 811 (14 203) 2 842 (13 131) 7 10 926 102 100 % 205 290 113 870 48 215 125 988 (2 595) 8 11 762 904 100 % 2 510 248 3 613 736 1 520 151 1 639 562 255 109 9 3 156 444 24 % 3 156 444 TOTAL 33 317 040 2 692 819 3 757 417 1 554 162 1 768 392 3 395 826 ASSIGNED FUNDS 6 7 349 665 98 % 66 889 30 641 26 924 33 487 30 744 7 10 297 061 94 % 350 166 294 741 294 114 328 125 311 695 8 8 926 486 76 % 931 547 1 970 775 1 942 324 1 781 304 1 406 570 9 993 705 8 % 993 705 TOTAL 27 566 917 1 348 602 2 296 156 2 263 362 2 142 916 2 742 714 PAYMENTS 6 7 282 156 97 % 103 771 100 838 50 460 48 531 47 042 7 9 614 631 88 % 627 066 478 191 406 923 326 121 382 210 8 6 541 413 56 % 544 540 969 135 1 610 480 1 478 073 1 472 564 9 277 658 2 % 277 658 TOTAL 23 715 858 1 275 377 1 548 165 2 067 863 1 852 725 2 179 474 * Negative figures represent decommitments.

Table 2.2

EDF CONSOLIDATED ACCOUNTS AT 31.12.2003: CLASS OF AID (EUR THOUSAND)

6th EDF % 7th EDF % 8th EDF % 9th EDF % TOTAL % (12) (12) (12) (12) (12) Lomé PROGRAMMABLE AID (NIP) Appropriation 4 870 678 5 632 784 5 852 768 16 356 229 Decisions 4 870 678 100 % 5 632 784 100 % 5 852 768 100 % 16 356 229 100 % Assigned funds 4 761 479 98 % 5 129 665 91 % 3 748 188 64 % 13 639 332 83 % Payments 4 703 676 97 % 4 702 405 83 % 2 290 967 39 % 11 697 048 72 % NON-PROGRAMMABLE AID Appropriation 2 499 761 4 889 942 5 056 277 12 445 980 Decisions 2 499 761 100 % 4 889 942 100 % 5 056 277 100 % 12 445 980 100 % Assigned funds 2 488 791 100 % 4 796 038 98 % 4 788 801 95 % 12 073 629 97 % Payments 2 563 147 103 % 4 567 331 93 % 4 037 096 80 % 11 167 574 90 % TRANSFERS FROM OTHER FUNDS Appropriation 91 151 353 376 444 527 Decisions 91 151 100 % 353 376 100 % 444 527 100 % Assigned funds 89 395 98 % 321 358 91 % 410 753 92 % Payments 5 334 6 % 294 895 83 % 300 229 68 % SUNDRY REVENUES Appropriation 38 150 38 150 Decisions 38 150 100 % 38 150 9 % Assigned funds 26 782 70 % 26 782 6 % Payments 13 475 35 % 13 475 3 % TOTAL Appropriation 7 461 590 10 876 102 10 947 195 29 284 887 Decisions 7 461 590 100 % 10 876 102 100 % 10 947 195 100 % 29 284 887 100 % Assigned funds 7 339 665 98 % 10 247 061 94 % 8 563 771 78 % 26 150 497 89 % Payments 7 272 156 97 % 9 564 631 88 % 6 341 539 58 % 23 178 326 79 % Cotonou A ENVELOPE Appropriation 552 209 6 853 818 7 406 027 Decisions 560 709 102 % 1 843 771 27 % 2 404 480 32 % Assigned funds 335 501 61 % 543 410 8 % 878 911 12 % Payments 179 677 33 % 67 888 1 % 247 564 3 % B ENVELOPE Appropriation 255 000 2 107 900 2 362 900 Decisions 255 000 100 % 220 289 10 % 475 289 20 % Assigned funds 27 214 11 % 49 494 2 % 76 709 3 % Payments 20 198 8 % 37 561 2 % 57 759 2 % OTHER Appropriation 64 899 64 899 Decisions 37 878 58 % 37 878 58 % Assigned funds Payments REGIONAL ALLOCATION Appropriation 8 500 939 990 948 490 Decisions 169 055 18 % 169 055 18 % Assigned funds 7 490 1 % 7 490 1 % Payments 1 600 0 % 1 600 0 % INTRA-ACP ALLOCATION Appropriation 10 000 50 000 1 435 708 1 495 708 Decisions 10 000 100 % 50 000 100 % 759 798 53 % 819 798 55 % Assigned funds 10 000 100 % 50 000 100 % 374 379 26 % 434 379 29 % Payments 10 000 100 % 50 000 100 % 170 355 12 % 230 355 15 % SUPPORT EXPENSES Appropriation 159 217 159 217 Decisions 125 652 79 % 125 652 79 % Assigned funds 18 932 12 % 18 932 12 % Payments 254 0 % 254 0 % TOTAL Appropriation 10 000 50 000 815 709 11 496 632 12 372 341 Decisions 10 000 100 % 50 000 100 % 815 709 100 % 3 156 444 27 % 4 032 153 33 % Assigned funds 10 000 100 % 50 000 100 % 362 715 44 % 993 705 9 % 1 416 420 11 % Payments 10 000 100 % 50 000 100 % 199 875 25 % 277 658 2 % 537 533 4 % COUNTRIES RESERVE — COTONOU 1 224 100 1 224 100 REGIONAL RESERVE — COTONOU LONG TERM DEV RESERVE 462 427 462 427 TOTAL Appropriation 7 471 590 10 926 102 11 762 904 13 248 058 43 408 654 Decisions 7 471 590 100 % 10 926 102 100 % 11 762 904 100 % 3 156 444 24 % 33 317 040 77 % Assigned funds 7 349 665 98 % 10 297 061 94 % 8 926 486 76 % 993 705 8 % 27 566 917 64 % Payments 7 282 156 97 % 9 614 631 88 % 6 541 413 56 % 277 658 2 % 23 715 858 55 %

Table 2.3

ANALYSIS BY AID INSTRUMENT (EUR THOUSAND)

ACP + OCT - 6th EDF

Appropriation Decisions Assigned funds Payments AGG. TOTAL ANNUAL % AGG. TOTAL ANNUAL % AGG. TOTAL ANNUAL % (1) (2) (2) : (1) (3) (3) : (2) (4) (4) : (3) ACP Total indicative programmes 4 805 659 4 805 659 5 136 100 4 697 333 19 513 98 4 640 493 34 391 99 Lomé Grants 4 372 648 4 372 648 11 136 100 4 266 639 25 545 98 4 210 011 34 389 99 Special loans 433 010 433 010 (6 000) 100 430 694 (6 032) 99 430 483 1 100 Total non-programmable aid 2 477 027 2 477 027 (17 448) 100 2 466 057 427 100 2 457 690 (48) 100 Interest-rate subsidies 81 425 81 425 (48) 100 81 425 (48) 100 81 425 (48) 100 Emergency aid 179 393 179 393 100 179 393 100 179 393 100 Aid for refugees 94 769 94 769 100 94 718 100 94 718 100 Risk capital 529 699 529 699 100 529 699 1 170 100 522 588 99 Stabex 1 447 123 1 447 123 100 1 447 123 100 1 447 123 100 Sysmin 138 619 138 619 (17 400) 100 128 366 (695) 93 127 111 99 Structural adjustment 6 000 6 000 100 5 334 89 5 334 100 Transfer 4th EDF – 6th EDF 89 302 89 302 (863) 100 87 550 660 98 86 226 2 407 98 Cotonou Intra-ACP Allocation 10 000 10 000 10 000 10 000 10 000 10 000 General Reserve TOTAL ACP (a) 7 381 988 7 381 988 (13 175) 100 7 260 940 30 600 98 7 194 409 46 750 99 OCT Total indicative programmes 65 020 65 020 52 100 64 146 151 99 63 182 299 98 Grants 49 822 49 822 52 100 49 162 151 99 48 198 299 98 Special loans 15 197 15 197 100 14 984 99 14 984 100 Total non-programmable aid 22 734 22 734 (8) 100 22 734 (8) 100 22 734 (8) 100 Interest-rate subsidies 2 599 2 599 (8) 100 2 599 (8) 100 2 599 (8) 100 Emergency aid 511 511 100 511 100 511 100 Aid for refugees Risk capital 14 625 14 625 100 14 625 100 14 625 100 Stabex 4 000 4 000 100 4 000 100 4 000 100 Sysmin 1 000 1 000 100 1 000 100 1 000 100 Transfer 4th EDF – 6th EDF 1 849 1 849 100 1 846 1 100 1 831 99 TOTAL OCT (b) 89 602 89 602 44 100 88 726 144 99 87 747 292 99 TOTAL (a) + (b) 7 471 590 7 471 590 (13 131) 100 7 349 665 30 744 98 7 282 156 47 042 99

Table 2.4

ANALYSIS BY AID INSTRUMENT (EUR THOUSAND)

ACP + OCT - 7th EDF

Appropriations Decisions Assigned funds Payments AGG. TOTAL ANNUAL % AGG. TOTAL ANNUAL % AGG. TOTAL ANNUAL % (1) (2) (2) : (1) (3) (3) : (2) (4) (4) : (3) ACP Total indicative programmes 5 545 273 5 545 273 (71 234) 100 5 046 447 145 820 91 4 630 405 210 845 92 Lomé Total non-programmable aid 4 852 175 4 852 175 71 192 100 4 760 171 97 942 98 4 531 525 103 424 95 Interest-rate subsidies 205 358 205 358 (2 053) 100 205 358 (2 053) 100 197 767 2 228 96 Emergency aid 404 821 404 821 100 403 991 (214) 100 403 552 100 Aid for refugees 86 179 86 179 (104) 100 85 114 99 84 180 26 99 Risk capital 821 531 821 531 78 506 100 821 031 83 506 100 742 069 40 757 90 Stabex 1 696 694 1 696 694 100 1 696 694 100 1 592 860 94 Sysmin 446 307 446 307 (5 055) 100 359 102 16 441 80 322 669 31 054 90 Structural adjustment 1 151 285 1 151 285 (102) 100 1 148 880 261 100 1 148 428 388 100 Heavily indebted poor countries 40 000 40 000 100 40 000 100 40 000 28 970 100 Transfer 5th EDF – 7th EDF 343 541 343 541 (2 118) 100 312 295 6 848 91 286 862 14 056 92 Sundry Revenue Cotonou Intra-ACP Allocation 50 000 50 000 50 000 50 000 50 000 50 000 General Reserve TOTAL ACP (a) 10 790 988 10 790 988 (2 160) 100 10 168 912 300 609 94 9 498 792 378 325 93 PTOM Total indicative programmes 87 511 87 511 (416) 100 83 219 10 119 95 72 000 3 438 87 Total non-programmable aid 37 767 37 767 (19) 100 35 867 39 95 35 806 (17) 100 Interest-rate subsidies 4 219 4 219 (19) 100 4 219 (19) 100 4 219 (19) 100 Emergency aid 2 261 2 261 100 2 261 100 2 261 100 Aid for refugees 293 293 100 293 100 293 100 Risk capital 22 495 22 495 100 22 495 100 22 495 100 Stabex 6 000 6 000 100 6 000 100 6 000 100 Sysmin 2 500 2 500 100 600 59 24 539 2 90 Transfer 5th EDF – 7th EDF 9 835 9 835 100 9 063 927 92 8 032 464 89 TOTAL OCT (b) 135 114 135 114 (435) 100 128 149 11 085 95 115 838 3 885 90 TOTAL (a) + (b) 10 926 102 10 926 102 (2 595) 100 10 297 061 311 695 94 9 614 631 382 210 93

Table 2.5

(EUR THOUSAND)

ACP + OCT - 8th EDF

Appropriations Decisions Assigned funds Payments AGG. TOTAL ANNUAL % AGG. TOTAL ANNUELS % AGG. TOTAL ANNUELS % (1) (2) (2) : (1) (3) (3) : (2) (4) (4) : (3) ACP Total indicative programmes 5 805 883 5 805 883 137 916 100 3 714 387 1 028 227 64 2 277 407 765 807 61 Lomé Total non-programmable aid 5 079 878 5 079 878 30 320 100 4 803 484 349 252 95 4 046 438 596 493 84 Interest-rate subsidies 123 493 123 493 11 846 100 123 493 11 846 100 54 829 6 306 44 Emergency aid 139 993 139 993 938 100 138 521 1 459 99 132 413 6 366 96 Aid for refugees 118 538 118 538 100 99 880 26 061 84 56 773 31 206 57 Risk capital 1 210 226 1 210 226 23 244 100 1 093 670 17 826 90 690 212 185 363 63 Stabex 663 473 663 473 100 651 307 98 564 160 87 Sysmin 121 171 121 171 (142) 100 95 153 3 256 79 84 484 9 187 89 Structural adjustment 1 604 833 1 604 833 (8 266) 100 1 514 678 211 715 94 1 390 092 170 611 92 Heavily indebted poor countries 1 060 000 1 060 000 100 1 060 000 60 000 100 1 060 000 180 000 100 Utilisation of interest income 38 150 38 150 2 700 100 26 782 17 089 70 13 475 7 454 50 TOTAL 10 885 761 10 885 761 168 236 100 8 517 870 1 377 479 78 6 323 845 1 362 301 74 Cotonou A Envelope 560 709 560 709 82 834 100 335 501 7 369 60 179 677 95 002 54 175 175 B Envelope 255 000 255 000 100 27 214 7 964 11 20 198 7 198 74 TOTAL 815 709 815 709 82 834 100 362 715 15 333 44 199 875 102 200 55 Countries Reserve Cotonou Regional Reserve Cotonou General Reserve TOTAL ACP (a) 11 701 470 11 701 470 251 070 100 8 880 585 1 392 813 76 6 523 720 1 464 501 73 PTOM Total indicative programmes 46 884 46 884 1 590 100 33 801 13 757 72 13 560 7 535 40 Total non-programmable aid 14 550 14 550 2 450 100 12 100 83 4 134 528 34 Interest-rate subsidies 2 367 2 367 100 2 367 100 1 083 46 Emergency aid Aid for refugees Risk capital 8 500 8 500 100 8 500 100 1 831 491 22 Stabex 1 183 1 183 100 1 183 100 1 183 100 Sysmin 2 500 2 500 2 450 100 50 37 37 TOTAL OCT (b) 61 434 61 434 4 040 100 45 901 13 757 75 17 694 8 063 39 TOTAL (a) + (b) 11 762 904 11 762 904 255 109 100 8 926 486 1 406 570 76 6 541 413 1 472 564 73

Table 2.6

ANALYSIS BY AID INSTRUMENT (EUR THOUSAND)

ACP + OCT - 9th EDF

Appropriations Decisions Assigned funds Payments AGG. TOTAL ANNUAL % AGG. TOTAL ANNUAL % AGG. TOTAL ANNUAL % (1) (2) (2) : (1) (3) (3) : (2) (4) (4) : (3) ACP A Envelope 6 775 200 1 828 175 1 828 175 27 543 042 543 042 30 67 757 67 757 12 Macroeconomic support 443 400 443 400 319 102 319 102 49 000 49 000 Sectoral Policies 1 384 775 1 384 775 223 939 223 939 18 757 18 757 B Envelope 2 107 900 220 289 220 289 10 49 494 49 494 22 37 561 37 561 76 Compensation export earnings 36 490 36 490 Emergency aid 183 799 183 799 49 494 49 494 37 561 37 561 Heavily indebted poor countries Regional Allocation 913 995 168 409 168 409 18 7 490 7 490 4 1 600 1 600 21 Intra-ACP Allocation 1 435 708 759 798 759 798 53 374 379 374 379 49 170 355 170 355 46 Other 64 899 37 878 37 878 58 0 Support expenses 157 217 125 000 125 000 80 18 482 18 482 15 3 3 0 TOTAL 8 883 100 3 139 550 3 139 550 35 992 886 992 886 32 277 276 277 276 28 Countries reserve – Cotonou 1 224 100 Long-term dev. reserve 277 862 TOTAL ACP (a) 12 956 881 3 139 550 3 139 550 24 992 886 992 886 32 277 276 277 276 28 PTOM A Envelope 78 618 15 596 15 596 20 369 369 2 130 130 35 Macroeconomic support Sectoral Policies 15 596 15 596 369 369 130 130 Regional Allocation 25 994 646 646 2 0 Support expenses 2 000 652 652 33 450 450 69 251 251 56 Long-term dev. Allocation 184 566 Total OCT (b) 291 178 16 894 16 894 6 818 818 5 382 382 47 Total (a) + (b) 13 248 058 3 156 444 3 156 444 24 993 705 993 705 31 277 658 277 658 28

Table 2.7

CLASS OF AID (EUR thousand)

Table 2.8

Annual 2003 gross figures by instrument for decisions and PAYMENTS

Annual decision 2003

(EUR million) Commitments Decommitments Net Lomé GRANTS 213,18 (134,13) 79,04 SPECIAL LOANS 0,00 (6,00) (6,00) TOTAL INDICATIVE PROGRAMME 213,18 (140,13) 73,04 INTEREST RATE SUBSIDIES 13,57 (3,85) 9,72 EMERGENCY AID 2,31 (1,37) 0,94 AID FOR REFUGIES 0,00 (0,10) (0,10) RISK CAPITAL 240,30 (138,55) 101,75 SYSMIN 2,45 (22,60) (20,15) TRANSFER FROM OTHER FUNDS 3,00 (5,98) (2,98) STRUCTURAL ADJUSTMENT 5,00 (13,37) (8,37) HEAVILY INDEBTED POOR COUNTRIES 0,00 0,00 0,00 TOTAL NON PROGRAMMABLE AID 266,63 (185,82) 80,81 USE OF INTERESTS 11,54 (8,84) 2,70 Total 491,34 (334,79) 156,55 Cotonou A ENVELOP 1 918,48 (0,38) 1 918,10 B ENVELOP 220,29 0,00 220,29 CDE+CTA+ASS. PARITAIRE 37,88 0,00 37,88 PROJETS REGIONAUX 177,56 0,00 177,56 INTRA-ACP 759,80 0,00 759,80 DEPENSES DE MISE EN ŒUVRE 155,45 (29,80) 125,65 Total 3 269,45 (30,18) 3 239,28 Total 3 760,80 (364,97) 3 395,83





Annual payments 2003

(EUR million) Paid Recovered Net Lomé GRANTS 1 073,02 (50,70) 1 022,31 SPECIAL LOANS 0,00 0,00 0,00 TOTAL INDICATIVE PROGRAMME 1 073,02 (50,70) 1 022,32 INTEREST RATE SUBSIDIES 8,54 (0,08) 8,46 EMERGENCY AID 6,37 0,00 6,37 AID FOR REFUGIES 32,11 (0,87) 31,23 RISK CAPITAL 226,61 0,00 226,61 SYSMIN 40,30 (0,02) 40,28 TRANSFER FROM OTHER FUNDS 17,79 (0,86) 16,93 STRUCTURAL ADJUSTMENT 174,48 (3,48) 171,00 HEAVILY INDEBTED POOR COUNTRIES 208,97 0,00 208,97 TOTAL NON PROGRAMMABLE AID 715,17 (5,32) 709,85 USE OF INTERESTS 7,66 (0,20) 7,45 Total 1 795,85 (56,23) 1 739,62 Cotonou A ENVELOPE 162,90 (0,01) 162,89 B ENVELOPE 44,76 0,00 44,76 CDE+CTA+ASS. PARITAIRE 0,00 0,00 0,00 PROJETS REGIONAUX 1,60 0,00 1,60 INTRA-ACP 230,35 0,00 230,35 DEPENSES DE MISE EN ŒUVRE 0,25 0,00 0,25 Total 439,86 (0,01) 439,86 Total 2 235,71 (56,24) 2 179,47

2.3. Situation by country and by instrument

2.3.1. 6th EDF

Notes on the revenue and expenditure accounts:

(a) In tables 3.1.1 to 3.1.8, the figure ‘0.0’ indicates that the corresponding amount is between EUR –4 999 and EUR 4 999. Where no figure is given, the amount is equal to zero. Countries with a nil balance in all columns are not listed in the tables.

(b) In all tables the heading ‘All ACP countries’ refers to projects which cover a number of countries but are not financed by regional cooperation.

(c) In all tables the heading ‘Financial and administrative expenses’ represents projects financed by EDF interest which have been transferred to a financial instrument (grants, Structural Adjustment Facility) with the exception of one amount of EUR 1 million financed from the ‘grants’ appropriation and used for posting bank charges and exchange rate differences.

(d) In the first column of tables 3.1.1 and 3.1.2, the allocation for ‘Regional cooperation’ (EUR 880.79 million) corresponds to the Commission’s regional cooperation target for ACP States only (EUR 912.23 million) minus the amount transferred during the years 2000, 2001 and 2002 to the general reserve according the transitional measures (i.e. EUR 1 million, EUR 1.36 million and EUR 0.16 million) and 28.9 million transferred to 9th EDF following the entry in force of Cotonou during 2003.

(e) All the amounts of appropriations are the same of those of decisions since the amounts not committed have been transferred to 9th EDF following the entry in force of Cotonou (Commission Decision of 16 April 2003).

2.3.2. 7th EDF

Notes to the revenue and expenditure accounts:

(a) In tables 3.2.1 to 3.2.8, the figure ‘0.0’ indicates that the corresponding amount is between EUR –4 999 and EUR 4 999. Where no figure is given, the amount is equal to zero. Countries with a nil balance in all columns are not listed in the tables.

(b) In all tables the heading ‘All countries ACP’ refers to projects which cover a number of countries but are not financed by regional cooperation.

(c) In all tables the heading ‘Financial and administrative expenses’ represents projects financed by EDF interest which have been transferred to a financial instrument (grants, Structural Adjustment Facility).

(d) In the first column of tables 3.2.1 and 3.2.2, the allocation for ‘Regional Cooperation’ (EUR 1 142,34 million) is composed as follows: Commission's regional cooperation target (ACP States only) 1 125 Target overrun 67,9 Transfers from unallocated resources in order to finance the programme of assistance to ACP countries for integration within the WTO 10 Amount transferred during the year 2000 to the general reserve according the transitional measures (8,5) Amount transferred during the year 2001 to the general reserve according the transitional measures (2,2) Amount transferred during the year 2002 to the general reserve according the transitional measures (0,7) Amount transferred during the year 2003 to the 9th EDF following the entry in force of Cotonou (49,1) Total as at 31.12.2003 1 142,34

(e) All the amounts of appropriations are the same of those of decisions since the amounts not committed have been transferred to 9th EDF following the entry into force of Cotonou (Commission Decision of 16 April 2003).

2.3.3. 8th EDF

Notes to the revenue and expenditure accounts:

(a) In tables 3.3.1 to 3.3.8, the figure ‘0.0’ indicates that the corresponding amount is between EUR –4 999 and EUR 4 999. Where no figure is given, the amount is equal to zero. Countries with a nil balance in all columns are not listed in the tables.

(b) In all tables the heading ‘All countries ACP’ refers to projects which cover a number of countries but are not financed by regional cooperation.

(c) In all tables the heading ‘Financial and administrative expenses’ represents projects financed by EDF interest which have been transferred to a financial instrument (grants, Structural Adjustment Facility)

(d) In the third column of tables 1 and 2, the allocation for ‘Regional Cooperation’ (EUR 1 455,57 million) is composed as follows: Commission's regional cooperation target (ACP States only) 1 300 Council Decision 3/2000 in order to ensure the continuity of several activities waiting the entry in force of 9th EDF 306 Council Decision 10/2001 dated 20.12.2001 on the use of unallocated Resources from the 8th EDF 80,7 Amount transferred during the year 2000 to the general reserve according the transitional measures (,) Council Decision 3/2002 dated 23.12.2002 on the use of unallocated Resources from the 8th EDF 54,2 Amount transferred during the year 2003 to the 9th EDF following the entry in force of Cotonou (317,33) Total as at 31.12.2003 1 445,57

(e) All the amounts of appropriations are the same of those of decisions since the amounts not committed have been transferred to 9th EDF following the entry in force of Cotonou (Commission Decision of 16 April 2003).

2.3.4. 9th EDF

Notes to the revenue and expenditure accounts:

(a) In tables 3.4.1 to 3.4.8, the figure ‘0.0’ indicates that the corresponding amount is between EUR –4 999 and EUR 4 999. Where no figure is given, the amount is equal to zero. Countries with a nil balance in all columns are not listed in the tables.

(b) In all tables the presentation has been made taking in account the financial resources (envelope A, envelope B and implementation costs) used and the nature of the project (macroeconomic support, sectoral policies, emergency assistance etc.).

2.3.5. All EDF

The total amount of cumulative and annual payments includes an amount of EUR 352.03 million which corresponds to Stabex payments transferred to the Stabex security account in 2001. Following a recommendation of the Court of Auditors, these treasury transfers are no longer accounted for as payments in the financial accounts. Only payments as defined by Article 31 of the Financial Regulation of the 8th European Development Fund now feature in the financial accounts.

Table 3.1.1

6th EDF

Cumulative 2003

GLOBAL SITUATION BY STATE

(EUR million) Lomé Cotonou Total NIP National indicative programmes Other aid Regional Decisions as % of NIP Payments as % of NIP Decisions as % of NIP Payments as % of NIP Decisions Decisions Assigned funds Payments ANGOLA 101,37 101,37 100 96,98 96 18,79 19 18,79 19 120,15 116,46 115,77 BENIN 85,62 85,62 100 85,62 100 34,07 40 34,07 40 119,69 119,69 119,69 BURKINA FASO 106,57 106,57 100 106,57 100 27,00 25 27,00 25 133,56 133,56 133,56 BOTSWANA 27,10 27,10 100 26,29 97 29,57 109 29,57 109 56,66 55,87 55,86 BURUNDI 93,54 93,54 100 93,54 100 56,21 60 56,21 60 149,76 149,76 149,76 CENTRAL AFRICAN REPUBLIC 67,69 67,69 100 67,26 99 39,10 58 39,10 58 106,79 106,37 106,36 CHAD 84,20 84,20 100 83,71 99 48,47 58 48,47 58 132,67 132,49 132,18 CAMEROON 100,03 100,03 100 99,87 100 203,20 203 203,20 203 303,23 303,07 303,07 CONGO 35,91 35,91 100 35,91 100 11,87 33 11,87 33 47,79 47,79 47,79 COMOROS 20,21 20,21 100 20,21 100 11,97 59 11,97 59 32,17 32,17 32,17 CAPE VERDE 24,39 24,39 100 24,38 100 3,29 13 3,29 13 27,67 27,67 27,67 DJIBOUTI 15,87 15,87 100 15,11 95 2,27 14 2,27 14 18,14 17,38 17,38 EQUATORIAL GUINEA 11,95 11,95 100 11,89 100 14,16 119 14,16 119 26,11 26,06 26,06 ETHIOPIA 191,13 191,13 100 169,98 89 187,09 98 187,09 98 378,21 358,00 357,06 GABON 26,00 26,00 100 25,65 99 3,49 13 3,49 13 29,49 29,49 29,15 GHANA 97,01 97,01 100 95,96 99 25,21 26 25,21 26 122,22 122,22 121,17 GAMBIA 20,62 20,62 100 20,52 100 19,81 96 19,81 96 40,43 40,34 40,33 GUINEA-BISSAU 37,40 37,40 100 36,15 97 6,70 18 6,66 18 44,10 43,04 42,82 GUINEA 114,00 114,00 100 111,81 98 77,15 68 70,84 62 191,15 183,81 182,65 COTE D'IVOIRE 81,80 81,80 100 81,74 100 383,27 469 383,27 469 465,07 465,06 465,01 KENYA 112,20 112,20 100 107,91 96 90,50 81 90,35 81 202,70 200,81 198,26 LIBERIA 45,00 45,00 100 43,10 96 9,07 20 9,02 20 54,07 53,76 52,11 LESOTHO 40,30 40,30 100 40,30 100 10,38 26 10,38 26 50,68 50,68 50,68 MADAGASCAR 118,87 118,87 100 115,99 98 38,11 32 38,11 32 156,99 155,95 154,10 MALAWI 114,39 114,39 100 111,06 97 53,81 47 53,73 47 168,20 164,93 164,78 MAURITIUS 30,23 30,23 100 29,68 98 12,24 40 12,24 40 42,47 42,39 41,92 MAURITANIA 61,11 61,11 100 58,31 95 42,45 69 42,45 69 103,56 103,44 100,76 MALI 131,13 131,13 100 131,13 100 38,48 29 38,48 29 169,61 169,61 169,61 MOZAMBIQUE 158,98 158,98 100 146,87 92 66,03 42 62,92 40 225,01 213,73 209,78 NIGER 107,27 107,27 100 107,27 100 37,71 35 37,71 35 144,98 144,98 144,98 RWANDA 109,93 109,93 100 100,63 92 77,14 70 72,61 66 187,07 180,40 173,24 SENEGAL 108,49 108,49 100 107,82 99 159,40 147 158,71 146 267,89 267,49 266,54 SEYCHELLES 6,18 6,18 100 6,18 100 1,69 27 1,69 27 7,86 7,86 7,86 SIERRA LEONE 63,65 63,65 100 62,77 99 9,59 15 9,59 15 73,24 72,44 72,35 SOMALIA 159,15 159,15 100 153,79 97 30,53 19 30,52 19 189,68 188,05 184,31 SAO TOME & PRINCIPE 6,00 6,00 100 6,00 100 4,02 67 4,02 67 10,02 10,02 10,02 SUDAN 91,30 91,30 100 75,85 83 146,69 161 146,69 161 237,99 230,86 222,54 SWAZILAND 24,61 24,61 100 24,61 100 9,37 38 9,37 38 33,98 33,98 33,98 TANZANIA 161,12 161,12 100 160,71 100 23,44 15 23,44 15 184,56 184,35 184,14 TOGO 49,26 49,26 100 49,26 100 33,89 69 33,89 69 83,15 83,15 83,15 UGANDA 132,84 132,84 100 126,16 95 26,24 20 26,24 20 159,08 152,40 152,40 NIGERIA 178,77 178,77 100 177,24 99 17,66 10 17,63 10 196,44 195,61 194,87 ZAMBIA 89,24 89,24 100 89,19 100 14,31 16 14,31 16 103,55 103,52 103,50 ZIMBABWE 73,64 73,64 100 72,55 99 12,74 17 12,74 17 86,38 85,35 85,29 DEM. REP. CONGO 166,46 166,46 100 138,85 83 8,28 5 8,28 5 174,74 163,16 147,13 * AFRICA TOTAL 3 682,54 3 682,54 100 3 552,37 96 2 176,43 59 2 161,45 59 5 858,97 5 769,26 5 713,82 ANTIGUA-BARBUDA 4,50 4,50 100 4,42 98 1,50 33 1,50 33 6,00 5,92 5,92 BARBADOS 3,76 3,76 100 3,76 100 2,15 57 2,15 57 5,91 5,91 5,91 BELIZE 7,98 7,98 100 7,98 100 5,07 63 5,07 63 13,05 13,05 13,05 BAHAMAS 3,33 3,33 100 3,33 100 2,65 80 2,65 80 5,99 5,99 5,98 DOMINICA 5,84 5,84 100 5,84 100 5,03 86 5,03 86 10,87 10,87 10,87 GRENADA 5,44 5,44 100 5,44 100 5,26 97 5,26 97 10,70 10,70 10,70 GUYANA 21,85 21,85 100 21,77 100 3,91 18 3,91 18 25,76 25,75 25,68 JAMAICA 40,00 40,00 100 39,77 99 11,58 29 11,51 29 51,58 51,57 51,28 SAINT KITTS & NEVIS 3,50 3,50 100 3,50 100 1,50 43 1,50 43 5,00 5,00 5,00 SAINT LUCIA 5,12 5,12 100 5,10 100 2,96 58 2,96 58 8,08 8,06 8,06 SURINAME 17,15 17,15 100 16,03 93 3,89 23 3,89 23 21,04 20,24 19,92 SAINT VINCENT & GRENADINES 6,90 6,90 100 6,64 96 3,23 47 3,23 47 10,13 9,96 9,87 TRINIDAD & TOBAGO 8,54 8,54 100 6,99 82 11,27 132 11,27 132 19,81 18,29 18,26 * CARIBBEAN TOTAL 133,91 133,91 100 130,56 97 60,01 45 59,93 45 193,91 191,30 190,49 FIJI 18,53 18,53 100 17,76 96 3,98 21 3,98 21 22,50 21,90 21,74 KIRIBATI 6,50 6,50 100 6,49 100 3,27 50 2,77 43 9,77 9,76 9,26 PAPUA-NEW GUINEA 34,50 34,50 100 34,29 99 148,91 432 144,33 418 183,41 178,85 178,62 SOLOMON ISLANDS 16,45 16,45 100 16,06 98 33,81 205 33,81 205 50,27 50,11 49,88 TONGA 6,50 6,50 100 6,36 98 6,25 96 6,25 96 12,75 12,66 12,61 TUVALU 1,58 1,58 100 1,58 100 0,64 40 0,64 40 2,22 2,22 2,22 VANUATU 6,70 6,70 100 6,70 100 20,97 313 20,97 313 27,67 27,67 27,67 SAMOA 8,97 8,97 100 8,96 100 15,60 174 15,60 174 24,57 24,57 24,56 * PACIFIC TOTAL 99,72 99,72 100 98,21 98 233,42 234 228,34 229 333,15 327,73 326,56 INTRA-ACP BUDGET 10,00 - 10,00 10,00 10,00 10,00 ACP REGIONAL COOPERATION 880,79 880,79 100 851,73 97 70,35 8 68,73 8 951,14 928,62 920,47 REGIONAL COOP. TOTAL 890,79 880,79 99 851,73 96 70,35 8 68,73 8 10,00 961,14 938,62 930,47 ALL ACP COUNTRIES - 20,10 20,10 20,10 20,10 20,10 ADMIN. AND FIN. EXPENSES 8,70 8,70 100 7,62 88 6,02 69 5,35 62 14,72 13,93 12,97 * ACP TOTAL 4 815,66 4 805,66 100 4 640,49 96 2 566,33 53 2 543,92 53 10,00 7 381,99 7 260,94 7 194,41 MAYOTTE 4,75 4,75 100 4,75 100 1,15 24 1,15 24 5,90 5,90 5,90 NEW CALEDONIA 7,81 7,81 100 7,81 100 4,37 56 4,36 56 12,19 12,18 12,17 FRENCH POLYNESIA 8,25 8,25 100 7,72 94 7,52 91 7,52 91 15,77 15,73 15,24 SAINT PIERRE & MIQUELON 3,43 3,43 100 3,41 100 0,03 1 0,03 1 3,46 3,46 3,44 FRENCH SOUTHERN TERRITORIES 0,27 0,27 100 0,27 100 0,27 0,27 0,27 WALLIS & FUTUNA 3,23 3,23 100 3,23 100 3,23 3,23 3,23 * FRENCH OCT TOTAL 27,74 27,74 100 27,20 98 13,08 47 13,06 47 40,82 40,78 40,26 ARUBA 5,75 5,75 100 5,75 100 3,29 57 3,29 57 9,04 9,04 9,04 NETHERLANDS ANTILLES 15,12 15,12 100 14,36 95 1,48 10 1,48 10 16,60 16,16 15,84 * DUTCH OCT TOTAL 20,87 20,87 100 20,11 96 4,77 23 4,77 23 25,64 25,20 24,88 ANGUILLA 1,69 1,69 100 1,69 100 1,50 89 1,50 89 3,19 3,19 3,19 CAYMANS 1,49 1,49 100 1,49 100 0,50 33 0,50 33 1,99 1,99 1,99 FALKLAND 0,70 0,70 100 0,66 94 0,49 70 0,49 70 1,19 1,15 1,15 MONTSERRAT 2,00 2,00 100 2,00 100 2,24 112 2,24 112 4,24 4,24 4,24 SAINT HELENA 1,39 1,39 100 1,39 100 0,00 0 0,00 0 1,39 1,39 1,39 TURKS & CAICOS 1,73 1,73 100 1,73 100 0,15 9 0,15 9 1,88 1,88 1,88 BRITISH VIRGIN ISLANDS 1,50 1,50 100 1,50 100 1,44 96 1,44 96 2,94 2,94 2,94 * BRITISH OCT TOTAL 10,50 10,50 100 10,45 100 6,31 60 6,31 60 16,81 16,76 16,76 OCT REGIONAL COOPERATION 5,91 5,91 100 5,42 92 5,91 5,56 5,42 * OCT REGIONAL COOPERATION 5,91 5,91 100 5,42 92 5,91 5,56 5,42 ALL OCT - 0,43 0,43 0,43 0,43 0,43 * OCT TOTAL 65,02 65,02 100 63,18 97 24,58 38 24,56 38 89,60 88,73 87,75 * ACP + OCT TOTAL 4 880,68 4 870,68 100 4 703,68 96 2 590,91 53 2 568,48 53 10,00 7 471,59 7 349,67 7 282,16

Table 3.1.2

6th EDF

Annual 2003

GLOBAL SITUATION BY STATE

(EUR million) Lomé Cotonou Total NIP National indicative programmes Other aid Regional Decisions as % of NIP Payments as % of NIP Decisions as % of NIP Payments as % of NIP Decisions Assigned funds Payments ANGOLA 101,37 -0,53 -1 0,68 1 -0,53 -0,09 0,68 BENIN 85,62 -0,24 - -0,24 -0,01 BURKINA FASO 106,57 - BOTSWANA 27,10 0,03 0 -0,25 -1 0 -0,25 -0,25 0,03 BURUNDI 93,54 - CENTRAL AFRICAN REPUBLIC 67,69 0,04 0 -0,13 0,04 CHAD 84,20 0,36 0 0,32 0 -0,04 0 0,32 0,43 0,32 CAMEROON 100,03 0,00 0 0,00 0,00 CONGO 35,91 - COMOROS 20,21 - CAPE VERDE 24,39 0,01 0,01 DJIBOUTI 15,87 -0,03 - -0,03 -0,03 0,00 EQUATORIAL GUINEA 11,95 - -0,02 ETHIOPIA 191,13 0,16 0 0,27 0 0,16 -0,51 0,27 GABON 26,00 0,13 0 0,18 0,13 GHANA 97,01 -0,14 -0 -0,83 -1 -0,14 -0,83 GAMBIA 20,62 - GUINEA-BISSAU 37,40 - GUINEA 114,00 0,00 0 1,21 1 -0,09 0 -0,09 1,17 1,21 COTE D'IVOIRE 81,80 0,08 0 0,06 0 0,08 0,08 0,06 KENYA 112,20 0,96 1 0,15 0,61 1,11 LIBERIA 45,00 - LESOTHO 40,30 -0,01 0 - 0 -0,01 -0,01 MADAGASCAR 118,87 -5,99 -5 2,64 2 -0,32 0 1,93 2 -6,31 -0,15 4,57 MALAWI 114,39 0,63 1 0,08 0 -0,16 0,71 MAURITIUS 30,23 0,10 0 0,03 0 0,10 0,04 0,03 MAURITANIA 61,11 0,10 0 0,07 0,10 MALI 131,13 -3,51 -3 0,02 0 -3,51 -0,70 0,02 MOZAMBIQUE 158,98 10,80 7 0,33 0 10,80 1,05 0,33 NIGER 107,27 - RWANDA 109,93 -0,07 0 2,24 2 0,17 0 -0,07 0,81 2,42 SENEGAL 108,49 2,06 2 -1,70 -2 -1,70 0,39 2,06 SEYCHELLES 6,18 - 0 SIERRA LEONE 63,65 0,00 0 0,00 0 0 0,00 0,00 0,00 SOMALIA 159,15 4,43 3 -0,11 0 -0,11 -0,36 4,43 SAO TOME & PRINCIPE 6,00 - SUDAN 91,30 7,11 8 6,07 7 7,11 12,45 6,07 SWAZILAND 24,61 - TANZANIA 161,12 - -0,16 TOGO 49,26 - -15,70 -32 -15,70 UGANDA 132,84 - NIGERIA 178,77 - ZAMBIA 89,24 -0,01 0 0,18 0 -0,06 0 -0,07 -0,04 0,18 ZIMBABWE 73,64 0,07 0 -0,08 0,07 DEM. REP. CONGO 166,46 6,27 4 7,56 6,27 * AFRICA TOTAL 3 682,54 8,08 0 27,95 1 -18,26 0 2,33 0 -10,18 22,14 30,29 ANTIGUA-BARBUDA 4,50 - -0,08 BARBADOS 3,76 - BELIZE 7,98 - BAHAMAS 3,33 0,00 0 0,00 DOMINICA 5,84 - GRENADA 5,44 - GUYANA 21,85 0,07 0 - 0,07 0,06 JAMAICA 40,00 -0,05 -0 - 0,07 0 -0,05 0,37 0,07 SAINT KITTS & NEVIS 3,50 - SAINT LUCIA 5,12 0 -0,00 0 0,00 0,00 SURINAME 17,15 0,12 1 0,45 0,12 SAINT VINCENT & GRENADINES 6,90 - TRINIDAD & TOBAGO 8,54 -6,00 -70 0,02 0 -0,05 -1 -0,05 -1 -6,05 -6,12 -0,02 * CARIBBEAN TOTAL 133,91 -5,97 -4 0,15 0 -0,05 0 0,03 0 -6,02 -5,32 0,17 FIDJI 18,53 1,00 5 0,38 2 1,00 0,40 0,38 KIRIBATI 6,50 0,02 0 0,00 0,02 PAPUA-NEW GUINEA 34,50 - -0,67 SOLOMON ISLANDS 16,45 0,07 0 -0,01 0,07 TONGA 6,50 - -0,03 TUVALU 1,58 - VANUATU 6,70 - SAMOA 8,97 0,15 2 0,15 * PACIFIC TOTAL 99,72 1,00 1 0,63 1 1,00 -0,32 0,63 INTRA-ACP BUDGET 10,00 - 10,00 10,00 ACP REGIONAL COOPERATION 880,79 2,03 0 4,94 1 2,03 3,77 4,94 * REGIONAL COOP. TOTAL 890,79 2,03 0 4,94 1 2,03 13,77 14,94 ADMIN. AND FIN. EXPENSES 8,70 0,72 8 0,33 0,72 * ACP TOTAL 4 815,66 5,14 0 34,39 1 -18,31 0 2,36 0 -13,18 30,60 46,75 MAYOTTE 4,75 - NEW CALEDONIA 7,81 - FRENCH POLYNESIA 8,25 0,14 2 0,00 0 -0,01 0,14 SAINT PIERRE & MIQUELON 3,43 0,05 1 0,07 0,05 FRENCH SOUTHERN TERRITORIES 0,27 - WALLIS & FUTUNA 3,23 - * FRENCH OCT TOTAL 27,74 0,19 1 0,00 0 0,06 0,19 ARUBA 5,75 - -0,01 0 -0,01 0 -0,01 -0,01 -0,01 NETHERLANDS ANTILLES 15,12 - * DUTCH OCT TOTAL 20,87 -0,01 0 -0,01 0 -0,01 -0,01 -0,01 ANGUILLA 1,69 - CAYMANS 1,49 - FALKLAND 0,70 - MONTSERRAT 2,00 - SAINT HELENA 1,39 - TURKS & CAICOS 1,73 0,04 2 0,04 0,04 BRITISH VIRGIN ISLANDS 1,50 - * BRITISH OCT TOTAL 10,50 0,04 0 0,04 0,04 OCT REGIONAL COOPERATION 5,91 0,05 1 0,07 1 0,05 0,05 0,07 * OCT REGIONAL COOPERATION 5,91 0,05 1 0,07 1 0,05 0,05 0,07 * OCT TOTAL 65,02 0,05 0 0,30 0 -0,01 0 -0,01 0 0,04 0,14 0,29 * ACP + OCT TOTAL 4 880,68 5,19 0 34,69 1 -18,32 0 2,35 0 -13,13 30,74 47,04

Table 3.1.3

6th EDF

Decisions cumulative 2003

SITUATION BY INSTRUMENT AND STATE

(EUR million) Lomé Cotonou Total state NIP Non NIP Total Grants Special loans Total NIP Interest subsidies Emergency aid Refugee aid Risk capital STABEX SYSMIN Transfers from others funds SAF Total non NIP Regional allocation Total ANGOLA 101,37 101,37 13,66 2,62 2,50 18,79 120,15 120,15 BENIN 85,62 85,62 0,33 0,12 12,72 17,72 3,18 34,07 119,69 119,69 BURKINA FASO 106,57 106,57 0,35 12,74 7,32 6,58 27,00 133,56 133,56 BOTSWANA 21,78 5,32 27,10 2,59 0,43 0,37 4,04 21,65 0,48 29,57 56,66 56,66 BURUNDI 83,62 9,92 93,54 0,21 0,39 10,06 44,50 1,06 56,21 149,76 149,76 CENTRAL AFRICAN REPUBLIC 67,69 67,69 0,61 4,76 31,22 2,50 39,10 106,79 106,79 CHAD 84,20 84,20 1,17 1,79 3,54 40,39 1,57 48,47 132,67 132,67 CAMEROON 70,65 29,38 100,03 0,14 1,00 198,76 3,30 203,20 303,23 303,23 CONGO 28,25 7,67 35,91 11,54 0,33 11,87 47,79 47,79 COMOROS 20,21 20,21 2,00 9,56 0,40 11,97 32,17 32,17 CAPE VERDE 24,39 24,39 3,00 0,29 3,29 27,67 27,67 DJIBOUTI 15,87 15,87 0,15 1,13 0,87 0,13 2,27 18,14 18,14 EQUATORIAL GUINEA 11,95 11,95 4,00 9,83 0,33 14,16 26,11 26,11 ETHIOPIA 183,52 7,61 191,13 47,45 10,25 29,94 98,61 0,84 187,09 378,21 378,21 GABON 18,69 7,31 26,00 0,10 3,13 0,27 3,49 29,49 29,49 GHANA 97,01 97,01 3,22 21,98 0,01 25,21 122,22 122,22 GAMBIA 20,62 20,62 0,20 5,70 13,72 0,20 19,81 40,43 40,43 GUINEA-BISSAU 37,40 37,40 0,08 3,36 2,88 0,38 6,70 44,10 44,10 GUINEA 109,00 5,00 114,00 1,05 2,29 38,00 35,00 0,81 77,15 191,15 191,15 COTE D'IVOIRE 60,76 21,04 81,80 11,83 0,88 1,40 0,09 365,26 3,82 383,27 465,07 465,07 KENYA 102,20 10,00 112,20 10,81 0,43 0,02 6,65 70,90 1,69 90,50 202,70 202,70 LIBERIA 45,00 45,00 6,71 1,83 0,53 9,07 54,07 54,07 LESOTHO 30,46 9,84 40,30 4,96 4,36 1,05 10,38 50,68 50,68 MADAGASCAR 106,51 12,37 118,87 0,25 30,38 4,51 2,97 38,11 156,99 156,99 MALAWI 109,43 4,96 114,39 1,66 4,14 13,22 12,00 21,70 1,09 53,81 168,20 168,20 MAURITIUS 20,56 9,67 30,23 3,20 0,07 5,81 2,95 0,22 12,24 42,47 42,47 MAURITANIA 61,11 61,11 0,74 1,55 21,51 18,00 0,65 42,45 103,56 103,56 MALI 126,13 5,00 131,13 0,76 14,76 20,27 2,70 38,48 169,61 169,61 MOZAMBIQUE 158,98 158,98 16,29 13,29 15,00 21,45 66,03 225,01 225,01 NIGER 102,66 4,61 107,27 0,37 2,72 14,30 6,61 12,18 1,53 37,71 144,98 144,98 RWANDA 109,93 109,93 1,57 0,22 12,25 61,91 1,20 77,14 187,07 187,07 SENEGAL 98,49 10,00 108,49 1,60 4,23 22,32 106,95 21,79 2,51 159,40 267,89 267,89 SEYCHELLES 6,18 6,18 0,22 1,47 1,69 7,86 7,86 SIERRA LEONE 58,78 4,87 63,65 0,42 7,50 1,67 9,59 73,24 73,24 SOMALIA 159,15 159,15 10,48 3,78 11,29 4,97 30,53 189,68 189,68 SAO TOME & PRINCIPE 6,00 6,00 0,11 2,25 1,62 0,03 4,02 10,02 10,02 SUDAN 91,30 91,30 40,62 19,94 21,74 63,92 0,47 146,69 237,99 237,99 SWAZILAND 19,89 4,73 24,61 0,71 1,34 7,00 0,32 9,37 33,98 33,98 TANZANIA 161,12 161,12 0,10 13,44 8,91 0,99 23,44 184,56 184,56 TOGO 46,86 2,40 49,26 7,54 25,55 0,81 33,89 83,15 83,15 UGANDA 132,84 132,84 2,52 5,92 15,60 2,20 26,24 159,08 159,08 NIGERIA 50,16 128,61 178,77 15,02 1,08 0,59 0,96 17,66 196,44 196,44 ZAMBIA 74,24 15,00 89,24 0,55 0,63 11,41 1,72 14,31 103,55 103,55 ZIMBABWE 43,64 30,00 73,64 10,52 1,26 0,95 12,74 86,38 86,38 DEM REP CONGO 159,31 7,15 166,46 1,26 0,94 2,05 4,02 8,28 174,74 174,74 * AFRICA TOTAL 3 330,08 352,46 3 682,54 61,04 156,56 92,38 432,55 1 264,50 108,62 60,79 2 176,43 5 858,97 5 858,97 ANTIGUA-BARBUDA 3,52 0,98 4,50 1,50 1,50 6,00 6,00 BARBADOS 2,83 0,93 3,76 1,10 0,37 0,68 2,15 5,91 5,91 BELIZE 4,98 3,00 7,98 0,14 1,81 1,00 2,11 5,07 13,05 13,05 BAHAMAS 2,59 0,74 3,33 2,57 0,08 2,65 5,99 5,99 DOMINICA 5,84 5,84 3,80 1,21 0,03 5,03 10,87 10,87 GRENADA 5,44 5,44 0,09 2,62 2,53 0,02 5,26 10,70 10,70 GUYANA 21,85 21,85 0,25 3,60 0,07 3,91 25,76 25,76 JAMAICA 30,00 10,00 40,00 5,40 0,77 2,09 3,32 11,58 51,58 51,58 SAINT KITTS & NEVIS 3,50 3,50 1,50 1,50 5,00 5,00 SAINT LUCIA 5,12 5,12 0,91 2,00 0,05 2,96 8,08 8,08 SURINAME 16,61 0,54 17,15 0,10 3,00 0,78 3,89 21,04 21,04 SAINT VINCENT & GRENADINES 6,90 6,90 0,55 0,09 2,59 3,23 10,13 10,13 TRINIDAD & TOBAGO 8,54 8,54 1,91 0,10 2,96 6,31 11,27 19,81 19,81 * CARIBBEAN TOTAL 117,72 16,19 133,91 12,58 1,40 1,81 27,02 3,74 13,45 60,01 193,91 193,91 FIJI 13,65 4,88 18,53 1,97 0,30 1,23 0,26 0,21 3,98 22,50 22,50 KIRIBATI 6,50 6,50 0,50 2,46 0,31 3,27 9,77 9,77 PAPUA-NEW GUINEA 21,00 13,50 34,50 4,59 0,58 3,50 110,01 30,00 0,23 148,91 183,41 183,41 SOLOMON ISLANDS 14,78 1,68 16,45 0,43 2,00 31,27 0,12 33,81 50,27 50,27 TONGA 6,50 6,50 0,22 1,67 4,33 0,03 6,25 12,75 12,75 TUVALU 1,58 1,58 0,50 0,14 0,64 2,22 2,22 VANUATU 6,70 6,70 0,55 1,00 19,29 0,13 20,97 27,67 27,67 SAMOA 8,97 8,97 0,22 4,20 11,12 0,06 15,60 24,57