COMMISSION OF THE EUROPEAN COMMUNITIES 
Brussels, 26.10.1995 
COM(95) 501 final 
REPORT FROM THE COMMISSION 
on the operation in 1994 of the 
export earnings stabilization system under 
the fourth Lomé Convention 

I. INTRODUCTION 
1. Article 31(3) of the Internal Agreement on the financing and administration of 
Community aid states: 
"Each year the Commission shall draw up a comprehensive report for the Member 
States on the operation of the system of stabilization of export earnings and the use 
made by the AC? States of the funds transferred. " 
2. This report covers the activities of the ACP-EC institutions and the administration of 
the system in 1994, paying special attention to the allocation of transfers for 1993, the 
fourth year of application of Stabex under the fourth Lomé Convention. 
The year saw a lessening of pressure on the system as, after three extremely difficult 
years of very low commodity prices and a Stfibex coverage rate hoverjng around the 
40% mark, the coverage rate for the 1993 application year rose to 60.2%. This 
improvement will doubtless be more marked for the 1994 application year. 
This experience shows that the system has the virtue of remaining operable during 
periods of low prices, whereas other international regulatory instruments could not cope 
with falling commodity prices. 
EC-ACP negotiations on the mid-term review of the Convention also opened in 1994 
and the next report on Stabex operations will examine the new Stabex provisions that 
emerge from these negotiations. 
II. ACTIVITIES OF THE ACP-EC INSTITUTIONS 
3. The operation of Stabex was discussed at the 19th session of the ACP-EC Council of 
Ministers (Mbabane, 18 to 20 May 1994) and at the 41st meeting of the ACP-EC 
Committee of Ambassadors (Brussels, on 25 April 1994). 
4. Discussions focused on the shortfall in the system's resources for the 1993 application 
year and, at its 18-20 May meeting, the ACP-EC Council of Ministers delegated its 
powers to the Committee of Ambassadors to deal with the matter. See points 8, 9 and 
10 for further details. 
III. TRANSFERS FOR THE 1993 APPLICATION YEAR 
Calculation of the transfer bases 
For the 1993 application year, the Commission found 36 ACP States to be eligible for 
57 transfers. The 57 country/product groups recording losses of earnings eligible for 
compensation are listed in Table 1 of this report (see pages 19 and 20). 
After application of the reduction provided for in Article 197(3) and (4) of the 
Convention, the transfer bases totalled ECU 663 million. 
Under Article 204 of the Convention, the transfer basis calculated using the 
Community's import statistics is reduced to the level of the transfer basis calculated 
using the statistics relating to the exports of the ACP State concerned to all destinations, 
where the latter amount is less than the former. 
Reductions under Article 203 
Trends in marketed output, total exports, and exports to the Community of the products 
in question meant that consultations between the Commission and representatives of the 
ACP States under Article 203 of the Convention were necessary in many instances. 
The consultations resulted in the following reductions being made: 
(a) Reductions applied as a result of significant changes in trends in marketed output 
of the product in question. 
Country Product Reduction 
in ECUS As % transfer base 
Chad 
Senegal 
Guinea-Bissau 
Sierra Leone 
Côte d'Ivoire 
Togo 
Benin 
Cameroon 
CAR 
Equat. Guinea 
Burundi 
Kenya 
Zimbabwe 
Haiti 
Grenada 
Tuvalu 
Tonga 
Western Samoa Cotton 
Groundnut products 
Groundnuts 
Palm nuts/kernels 
Coffee 
Cocoa 
Coffee products 
Cocoa 
Coffee 
Palm products 
Coffee 
Coffee 
Cocoa 
Coffee 
Raw hides 
Coffee 
Cotton 
Cocoa 
Coffee 
Bananas 
Nutmeg and mace 
Copra 
Copra 
Copra products 
Oil cake 617 203 
2 099 520 
306 324 
65 475 
2 377 358 
2 873 997 
28 776 374 
1 947 228 
1 883 016 . 
397 487 
22 778 926 
1 573 057 
2 039 783 
2 721 920 
343 959 
8 053 808 
23 977 491 
65 456 
4 200 911 
520 912 
575 102 
7 449 
303 778 
3 115 852 
342 800 7.0 
7.0 
66.6 
54.0 
44.6 
60.6 
40.2 
35.2 
37.2 
24.5 
49.7 
15.6 
56.5 
7.0 
40.5 
21.3 
70.5 
30.4 
33.7 
32.3 
17.7 
42.2 
59.9 
93.7 
91.8 
(b) Reductions applied as a result of a decline in exports to all destinations as a 
proportion of marketed output : 
Country Product Reduction 
in ECU As % transfer base 
Sudan Cotton 
Hides and skins 7 200 299 
565 317 70.52 
28.10 
Togo 
Ethiopia 
Uganda 
PNG 
Tuvalu Shea nuts 
Coffee 
Hides and skins 
Hides and skins 
Cocoa products 
Copra 376 983 
12 310 938 
1 244 752 
247 765 
451 090 
3 497 42.06 
19.45 
12.00 
23.43 
3.79 
19.74 
(c) Reductions applied as a result of a decline in exports to the Community as a share 
of exports to all destinations: 
Country Product Reduction 
in ECU as % Transfer Base 
PNG Cocoa products 3 454 770 29.03 
Shortfall in resources and reductions in the transfer bases 
The system's ordinary resources for the 1993 application year were established, in 
accordance with Article 193 of the Convention, at ECU 285 million, broken down as 
follows: 
- the instalment for 1993, less the 25% drawn automatically the previous year and less 
the 12.5% drawn exceptionally from the 1993 instalment for the 1991 application 
year (ECU 187.5 million); 
- the 25% advance drawing on the allocation for the 1994 application year, made 
pursuant to Article 194(1) of the Convention (ECU 75 million); 
- the amount of interest accumulated at 30 June 1994 pursuant to Article 192 
(ECU 22.5 million). 
Because the system's ordinary resources fell short of the amount required to cover total 
transfer bases after reductions under Article 203, the bases were reduced by 10%, in 
accordance with Article 194 of the Convention. At this stage, the total amount of 
transfer bases after reduction (ECU 473 million) still exceeded the ordinary resources 
available (ECU 285 million). Pursuant to Article 194(4) of the Convention, a 
Commission report (SEC(94) 1141 final) was forwarded on 5 July 1994 to the ACP-EC 
Council of Ministers, which had previously decided at its meeting of from 
18-20 May 1994 to delegate its powers in this respect to the ACP-EC Committee of 
Ambassadors. 
10. Calculating the transfers 
On 19 July 1994 the ACP-EC Committee of Ambassadors decided on the sum of 
ECU 285 million to cover Stabex transfers for the 1993 application year, this sum being 
made up of the system's ordinary resources for the application year in question. 
In parallel, the Commission adopted at its 1211th meeting a proposal for a Decision 
establishing the Stabex transfers for the 1993 application year on the basis of total 
resources of ECU 285 million. 
The mobilization of ECU 285 million in ordinary resources gave a 60.24% coverage of 
eligible losses, an increase of 17% on 1992. 
11. Results bv recipient country and product 
Table 2 on page 21 gives the results by recipient country. In terms of the concentration 
of resources, we see that for four ACP countries between 10 and 16% of the total 
amount for transfer was approved. For 15 others, the figure was between 1 and 7% and 
for a further 17 it was less than 1%. 
12. The results by product (see Table 3, page 22) do not vary greatly from those of 
previous years: the fall in coffee earnings is still responsible for the lion's share of 
transfers (61.4%), followed by cocoa (18.7%). Groundnuts and bananas took larger 
shares, 5.3% and 4.6% respectively. Cotton however, fell back from 14.2% in 1992 to 
4.5% in 1993. 
Despite the reductions made because of the shortfall in resources, the amounts 
transferred have in many cases provided a substantial boost to the total export earnings 
of the countries concerned: 
ACP State Product Transfer as %1993 earnings 
all products (estimate) 
Cape Verde bananas 14.4 
Ethiopia coffee 34.3 
Uganda coffee 33.2 
2) 
13. However, a more precise measure of the impact that the additional revenue provided by 
Stabex makes on the sector showing a loss of earnings can be obtained by comparing 
the amounts transferred to the earnings from the products for which the transfer is 
requested. 
ACP State 
Cameroon 
Equatorial Guinea 
Ethiopia 
Uganda 
Mozambique 
Zimbabwe 
Dominica 
St Vincent 
Tuvalu 
Tonga 
Solomon Islands Product 
cocoa products 
cocoa 
coffee 
skins and hides 
coffee 
cashew nuts 
cotton 
bananas 
bananas 
copra 
copra products 
cocoa Transfer as % 1993 earnings 
from product in question (estimate) 
20.7 
22.7 
38.5 
27.3 
48.9 
22.4 
21.5 
16.0 
24.5 
36.6 
155.7 
19.6 
These proportions can be high, especially when exports of the product in question are 
fairly low and fluctuate substantially from year to year. When low market prices 
combine with temporary difficulties in the sector, losses of revenue can be severe and 
give rise to relatively large transfers. Even when export revenue from a particular 
product is high, the transfers make a significant contribution. 
IV. USE OF TRANSFERS 
14. Frameworks of mutual obligations 
Article 210 of Lomé IV reads as follows: 
"When agreement is reached on the use of resources, the ACP State and the 
Commission shall sign a protocol setting up a framework of mutual obligations 
stipulating how the funds are to be used at the various stages of the operations agreed 
on." 
Below are details of the frameworks of mutual obligations (FMOs) signed, or in 
preparation for signing, over the period covered by this report. 
14.1 CAMEROON 
APPLICATION YEAR: 1992 and 1993 
PRODUCTS: cocoa 1992 ECU 21 536 466 
cocoa 1993 ECU 20 076 543 
coffee 1992 ECU 26 369 937 
coffee 1993 ECU 12 499 807 
PAYMENT DATES: 23 June 1994 (1992) and 13 September 1994 (1993) 
FRAMEWORK SIGNED: 17.5.1995 
The main causes of the losses sustained in 1992 and 1993 were sharp falls in world 
prices and structural weaknesses in production (age and small size of plantations). 
The proposed measures will adhere as closely as possible to the thrust of the structural 
adjustment programme for agriculture and will prolong measures taken to boost 
production under previous FMOs. 
The main objectives are: 
- continued recovery of the sectors concerned; 
- agricultural diversification and environmental protection; 
- greater marketing and transport capacity; 
- agricultural research; 
- aid for the restructuring of parastatals in agriculture; 
- support for the structural adjustment programme. 
10 
14.2 CENTRAL AFRICAN REPUBLIC 
APPLICATION YEAR: 1991 
PRODUCTS: coffee ECU 2 543 881 
PAYMENT DATE : 19 October 1992 
FRAMEWORK SIGNED: 20 January 1995 
Losses were sustained as a result of an almost complete breakdown of the sector 
following the fall in coffee prices. The waiving of taxes on the coffee sector and 
numerous price revisions could not halt the slump in revenue, which in turn led to 
agricultural land being abandoned. Transfers will be used to pursue the attempt to turn 
the sector round, which started*under the 1990 FMO. Measure include: 
- improving production conditions, thereby increasing the earnings of peasant farmers 
and giving them an incentive to produce good quality coffee; 
- improving marketing; 
- improving access. 
14.3 COTE D'IVOIRE 
APPLICATION YEAR: 1992 
PRODUCTS: coffee products ECU 46 595 018 
cotton ECU 7 191 368 
PAYMENT DATE: 14 July 1994 
FRAMEWORK SIGNED: 2 August 1994 
1992 transfers will be used for: 
- paying off arrears in priority sectors chosen on the basis of social and economic 
impact, especially in the countryside; 
- topping up the guarantee funds of cooperative associations in the coffee and cocoa 
sectors; 
- financing of certain items concerning rural development and improving village 
communications; 
- budgetary counterparts for projects concerning agriculture, and the coffee and rice 
sectors. 
In return, the government has undertaken: 
- to finalize restructuring and reduce the burden of domestic debt; 
- to continue the restructuring policies for the coffee, cocoa and cotton sectors; 
- to take measures for the rice liberalisation and commercialisation 
- to implement an environmentally sound forestry policy. 
11 
14.4 GRENADA 
APPLICATION YEAR: 
PRODUCTS: 
PAYMENT DATE: 
FRAMEWORK SIGNED: 1992 
cocoa 
bananas 
nutmeg and mace 
22 April 1994 
16 August 1994 ECU 162 270 
ECU 578 676 
ECU 1 665 481 
The 1992 transfers will be used to pursue the 1990-91 programmes aimed at reviving 
the agriculture sector and boosting cocoa and banana production (Grenada's banana 
exports are currently well below quota). Measures will include the building and 
maintenance of rural access roads, propagation and supply of healthy plants, the opening 
of a credit lines for farmers, diversification of muscat outlets by building a distillery, 
and the promotion of spices and cane sugar. 
The Grenadan authorities have undertaken to revitalize the whole agricultural sector, 
develop non-traditional products and rehabilitate existing arable land with a view to 
stabilizing production and productivity levels. 
14.5 EQUATORIAL GUINEA 
APPLICATION YEAR: 
PRODUCTS: 
PAYMENT DATES: 
FRAMEWORK SIGNED: 1991, 1992 and 
cocoa 1991 
cocoa 1992 
cocoa 1993 1993 
ECU 
ECU 
ECU 
2 December 1992 (1991) 
1 December 1994 (1993) 
April 1995 1 222 271 
1 520 996 
850 805 
20 October 1994 (1992) 
The main cause of losses is the deterioration of the sector following the upheavals the 
country has known since independence. This decline has been accentuated by low 
world prices. 
12 
The FMO is designed to tackle the situation at both sectoral and general level by: 
- replanting cacao trees and shade trees; 
- modernizing cocoa processing (fermentation drying, etc.); 
- consolidating the revolving fund for chemical inputs; 
- putting production back on its feet (price support); 
- improving quality; 
- aiding agricultural diversification (peppers, nutmegs, etc.); 
- improving basic infrastructure and machinery. 
14.6 PAPUA NEW GUINEA 
APPLICATION YEARS: 
PRODUCTS: 
PAYMENT DATE: 1992 and 1993 
cocoa products 1992 
cocoa products 1993 
coffee 1992 
coffee 1993 ECU 4 675 359 
ECU 4 335 550 
ECU 12 736 150 
ECU 7 878 555 
5 January 1995 (1992 and 1993) 
Losses are mainly the result of lower world prices, which are causing farmers to desist. 
The cocoa sector also suffers from problems with supplies from the province of North 
Solomons. 
The transfers will be used in the context of the wider policy of the second structural 
adjustment programme with the aim of stabilizing the country's external account, in 
particular: 
- improving the performance of the cocoa and coffee sectors, including the 
rehabilitation and infrastructure in East Nero Britain and North Solomons provinces; 
- improving coffee quality; 
- ensuring a sound framework for investment with price stabilization measures; 
- diversification. 
14.7 ST LUCIA 
APPLICATION YEAR: 
PRODUCT: 
PAYMENT DATE: 
FRAMEWORK SIGNED: 1992 and 1993 
bananas 1992 
bananas 1993 
16 December 1994 
20 December 1994 ECU 728 393 
ECU 3 481 275 
13 
Stabex funds for 1992 and 1993 will be used to help the country recover from the 
damage tropical storm Debbie inflicted on banana plantations and aid agriculture in 
general. Measures will include: 
- aid to offset the losses suffered by banana growers in the form of land clearing and 
drainage, and setting-up of a revolving fund for inputs; 
- immediate remedial measures to re-establish production (new plants, intensive 
training for growers); 
- promotion of a rational approach to agricultural diversification through the 
introduction of better extension systems. 
The St Lucian authorities have undertaken to restructure and rehabilitate banana 
production with a view to longer term reform. 
14.8 WESTERN SAMOA 
APPLICATION YEAR: 1991 
PRODUCTS: cocoa ECU 329 389 
copra products ECU 1 773 247 
oil cake ECU 170 039 
PAYMENT DATE: 12 February 1993 
FRAMEWORK SIGNED: April 1995 
The losses were mainly the result of cyclones Val and Ofa, which practically wiped out 
80% to 90% of plantations. Rehabilitation programmes have not yet righted the 
situation. 
Under the new FMO, it is proposed to continue on the lines of the previous one, 
namely: 
- revitalize and diversify agriculture; 
- rehabilitate and maintain basic infrastructure. 
14.9 SENEGAL 
APPLICATION YEAR: 1992 
PRODUCT: groundnut products ECU 9 206 376 
PAYMENT DATE: 28 March 1994 
FRAMEWORK SIGNED: 31 May 1995 
14 
The 1992 Stabex funds will be used in the groundnuts sector, where restructuring will 
continue, largely to help the government fulfil its direct obligations to producers hit by 
the earnings slump and reduce its arrears in the sector. A transfer will be made from the 
government to the guarantee fund for groundnut prices (FGPA) in order to cover part 
of the sectoral deficit on terms strictly laid down in the FMO. 
14.10 SENEGAL 
APPLICATION YEAR: 1993 
PRODUCT: groundnut products ECU 15 123 888 
PAYMENT DATE: 29 November 1994 
FRAMEWORK SIGNED: 16 January 1995 
Under the 1993 FMO, the sector's restructuring and financial rebalancing will continue 
in follow-up to the measures already implemented under the 1992 FMO. 
Some funds will be used to set up an institution aimed at consolidating the groundnuts 
sector and putting it on an independent footing, and others will enable the government 
to honour undertakings it made and aid those closely involved in the sector's financial 
overhaul. 
In return, the government has undertaken to bring in a number of measures, including 
the setting of a minimum producer price for the 1994/95 crop year, a new level of tax 
on imports of refined vegetable oils and price, marketing liberalization on the domestic 
vegetable-oil market, adoption of the necessary measures to settle once and for all the 
outstanding debts of SONACOS and the FGPA, and setting-up of a committee to 
monitor the operation of credit lines established by various aid donors to supply finance 
to the private seed industry. 
15 
14.11 SIERRA LEONE 
APPLICATION YEAR: 1991 
PRODUCT: coffee ECU 652 727 
cocoa ECU 750 543 
PAYMENT DATE: 4 March 1993 
FRAMEWORK SIGNED: 29 March 1994 
Most of the coffee-and cocoa-producing areas were ruineci during rebel attacks, and 
many plantations abandoned. Since some of these areas were liberated in 1993 by 
government forces, it is proposed to use 1991 Stabex funds to rehabilitate agricultural 
areas damaged by the war, which is a precondition for resumption of coffee and cocoa 
production. Measures will include: 
- resettlement of displaced persons in their area of origin; 
- improving agricultural and socio-economic infrastructure in neighbouring areas in 
order to encourage a broad-based resumption of economic activity. 
15. Stabex was also the subject of a special report by the ('our! of Auditors on "the Stabex 
fund in the context of the first Financial Protocol of the fourth Lomé Convention" (ref. 
Special Report No 2/95 of 26 April 1995). 
16. In conclusion, the Court sums up its findings as follows: 
"In spite of the questions that one may reasonably ask regarding the capacity of the 
Stabex system to make up for losses of income which are caused by world-wide factors 
and which are strongly influenced by the production of countries that are not part of 
the system (e.g. Brazil), the new provisions of the Lomé Convention have nevertheless 
made it possible for the EDF to progress in the direction oj greater control of the funds 
that are mobilized. 
Three main question remain to be settled as a matter of priority: the inadequacy of the 
resources, the objectives and their complementarity with those of other EDF financial 
instruments and, finally, the question of the introduction ofa genuine mechanism for the 
monitoring of the frameworks of mutual obligations such as may give the discharge 
authority a precise and faithful overview of how they have been implemented. " 
16 
In its reply the Commission noted: 
"It is certainly not the job of Stabex to provide solutions to the international problems 
referred to by the Court. What it can do, within defined geographical areas, is provide 
ex-post total or partial compensation for a shortfall in resources because of lost export 
earnings from products covered by the system. 
The Commission is convinced that the system remains valid after 19 years, even when 
the compensation is only partial. The Commission notes that the new provisions of the 
Convention have improved control of the funds mobilized. However, further 
improvements are still possible and the Commission will endeavour to bring them about. 
The rise in coffee and cocoa prices in 1994 should ease the problem of the shortfall in 
resources in coming years. 
The Commission notes that it does not have sole responsibility for the amount allocated 
to Stabex, having only a right of initiative. It also notes that, if there is a shortfall in 
resources, any attempt to favour one particular group would reduce the coverage rate 
for countries outside that group. 
The Commission will endeavour to increase the linkage between Stabex and other EDF 
instruments, especially in ACP States which are implementing a coherent reform policy 
to which the system can make an important contribution. 
On the question of more systematic monitoring of the FMOs, the Commission confirms 
that steps are being taken. It will describe progress in its report on the functioning of 
Stabex in the 1994 application year. " 
A state of payments, in ECU and in local currency, on 31 December 1994 is found in 
annex to the present report (see table nr 4). 
17. In implementation of the FMOs, evaluations on the account of the Commission by 
consultants have been carried out or are under way in Ghana, Côte d'Ivoire, Uganda and 
Cameroon. 
At this stage, the following remarks may be made: 
- the new provisions in Lomé IV concerning frameworks of mutual obligations and 
double-signature accounts (ACP and Commission) look likely to improve monitoring 
and checks on the use of transfers; 
- funds are used in accordance with the terms set out in the FMOs and cases of 
improper use are extremely rare (two recorded cases, and in each case the funds have 
been, or will be, paid back into the double signature account to be used as laid down 
in the FMO; 
17 
the overall objectives of Stabex, as set out in Article 186(1), are the stability, 
profitability and sustained growth of the ACP States' economies and the economic 
progress of their peoples through the safeguarding of their purchasing power: 
evaluations have indicated that, so far, macroeconomic recovery has been given 
priority over the economic progress and purchasing power of the local population, 
although this choice is attributable to the special circumstances reigning in 1990-92 
and the straightened, even catastrophic finances of a number of ACP States; 
more emphasis on the second objective is evident from the 1992 application year on; 
it is recommended that the Commission improve its analytical and negotiating 
capacity (staffing levels and skills) so that it can devise and formulate its own 
strategy for key sectors, and so put forward proposals for operations that further its 
own objectives rather than those of other donors. 
18. Other evaluation reports will be drawn up this year and will be followed by an overall 
assessment of Stabex as an instrument under Lomé IV. 
18 
AGGREGATE RESULTS FOR 1993 APPLICATION YEAR (amounts in ECU) Table 1 a 
Countr 
Code 
224 Country 
Sudan 
Burkina Faso 
Chad 
Cape Verde 
Senegal 
Guinea-Bissau 
Sierra Leone 
Côte d'Ivoire 
Ghana 
Togo 
Benin 
Cameroon 
Central African Republic 
Equatorial Guinea 
Burundi 
Ethiopia 
Kenya 
Uganda 
Mozambique 
Tanzania 
Madagascar 
Comoros 
Zimbabwe 
Lesotho 
Haiti 
Dominica 
Saint Lucia 
Saint Vincent and the Grenadines 
Grenada 
Papua New Guinea 
Solomon Islands 
Tuvalu 
Kiribati 
Vanuatu 
Tonga 
Western Samoa Product 
Cotton 
Hides & Skins 
Cotton 
Cotton 
Fresh bananas 
Groundnut products 
Groundnuts 
Palm nuts and kernels 
Coffee 
Cocoa 
Cocoa products 
Coffee products 
Cocoa products 
Cocoa 
Coffee 
Shea nuts and oil 
Palm products 
Cocoa products 
Coffee 
Coffee 
Cotton 
Wood 
Cocoa 
Coffee 
Hides & Skins 
Coffee 
Hides & Skins 
Coffee 
Coffee 
Hides & Skins 
Copra 
Cashew nuts and kernels 
Coffee 
Coffee 
Cloves 
Cloves 
Essential oils 
Cotton 
Wool 
Mohair 
Cocoa 
Coffee 
Fresh bananas 
Fresh bananas 
Fresh bananas 
Cocoa 
Fresh bananas 
Nutmeg & Mace 
Cocoa products 
Coffee 
Cocoa 
Copra 
Copra 
Copra 
Copra products 
Copra products 
Oilcake Loss of 
earnings 
10,535,750 
2,035,750 
1,299,177 
9,209,750 
656,303 
33,407,500 
459,877 
121,160 
5,401,063 
4,820,750 
22,866,750 
81,970,000 
37,311,750 
5,642,640 
5,229,202 
896,297 
1,619,750 
43,342,250 
51,356,250 
10,226,340 
1,335,696 
1,886,000 
3,683,250 
39,530,399 
847,608 
64,950,414 
10,575,022 
43,717,750 
83,001,651 
1,057,470 
290,825 
2,933,750 
16,216,532 
8,968,000 
1,077,500 
585,343 
910,600 
36,138,000 
1,788,751 
128,760 
214,750 
12,660,500 
6,612,004 
7,221,570 
10,507,500 
393,000 
1,608,250 
3,296,000 
13,094,250 
17,487,500 
1,105,005 
17,626 
66,441 
1,009,595 
507,142 
3,359,426 
373,420 
727,565,609 "franchise" 
325,457 
23,947 
405,137 
3,414,353 
80,208 
80,527 
6,860,025 
10,458,135 
8,284,219 
121,720 
176,837 
6,314,232 
5,523,401 
174,856 
74,292 
701,300 
1,655,104 
202,086 
6,065,539 
1,859,622 
40,757 
908,301 
2,047,500 
77,500 
2,127,375 
213,355 
398,797 
800,908 
451,635 
54,160 
1,192,151 
2,956,748 
37,268 
64,107,452 Transfer 
basis after 
"franchise" 
10,210,293 
2,011,803 
1,299,177 
8,804,613 
656,303 
29,993,147 
459,877 
121,160 
5,320,855 
4,740,223 
16,006,725 
71,511,865 
29,027,531 
5,520,920 
5,052,365 
896,297 
1,619,750 
37,028,018 
45,832,849 
10,051,484 
1,335,696 
1,886,000 
3,608,958 
38,829,099 
847,608 
63,295,310 
10,372,936 
37,652,211 
81,142,029 
1,057,470 
290,825 
2,892,993 
15,308,231 
6,920,500 
1,000,000 
585,343 
910,600 
34,010,625 
1,788,751 
128,760 
214,750 
12,447,145 
6,213,207 
6,420,662 
10,055,865 
393,000 
1,608,250 
3,241,840 
11,902,099 
14,530,752 
1,105,005 
17,626 
66,441 
1,009,595 
507,142 
3,322,158 
373,420 
663,458,157 Consultations 
Art. 203 
7,200,299 
565,317 
0 
617,203 
0 
2,099,520 
306,324 
65,475 
2,377,358 
2,873,997 
0 
28,776,374 
0 
1,947,228 
1,883,016 
376,983 
397,487 
0 
22,778,926 
1,573,057 
0 
0 
2,039,783 
2,72*1,920 
343,959 
12,310,938 
1,244,752 
8,053,808 
0 
247,765 
0 
0 
0 
0 
0 
0 
0 
23,977,491 
0 
0 
65,456 
4,200,911 
0 
0 
0 
0 
520,912 
575,102 
3,905,860 
0 
0 
10,946 
0 
0 
303,778 
3,115,852 
342,800 
137,820,597 Transfer basis 
after Art. 203 
reductions 
3,009,994 
1,446,486 
1,299,177 
8,187,410 
656,303 
27,893,627 
153,553 
55,685 
2,943,497 
1,866,226 
16,006,725 
42,735,491 
29,027,531 
3,573,692 
3,169,349 
519,314 
1,222,263 
37,028,018 
23,053,923 
8,478,427 
1,335,696 
1,886,000 
1,569,175 
36,107,179 
503,649 
50,984,372 
9,128,184 
29,598,403 
81,142,029 
809,705 
290,825 
2,892,993 
15,308,231 
6,920,500 
1,000,000 
585,343 
910,600 
10,033,134 
1,788,751 
128,760 
149,294 
8,246,234 
6,213,207 
6,420,662 
10,055,865 
393,000 
1,087,338 
2,666,738 
7,996,239 
14,530,752 
1,105,005 
6,680 
66,441 
1,009,595 
203,364 
206,306 
30,620 
525,637,560 
19 
AGGREGATE RESULTS FOR 1993 APPLICATION YEAR (amounts in ECU) Table 1b 
Countr 
Code 
224 
236 
244 
247 
248 
257 
264 
272 
276 
280 
284 
302 
306 
310 
328 
334 
346 
350 
366 
352 
370 
375 
382 
395 
452 
460 
465 
467 
473 
801 
806 
807 
812 
816 
817 
819 Country 
Sudan 
Burkina Faso 
Chad 
Cape Verde 
Senegal 
Guinea-Bissau 
Sierra Leone 
Côte dlvoire 
Ghana 
Togo 
Benin 
Cameroon 
Central African Republic 
Equatorial Guinea 
Burundi 
Ethiopia 
Kenya 
Uganda 
Mozambique 
Tanzania 
Madagascar 
Comoros 
Zimbabwe 
Lesotho 
Haiti 
Dominica 
Saint Lucia 
Saint Vincent and the Grenadines 
Grenada 
Papua New Guinea 
Solomon Islands 
Tuvalu 
Kiribati 
Vanuatu 
Tonga 
Western Samoa Product 
Cotton 
Hides & Skins 
Cotton 
Cotton 
Fresh bananas 
Groundnut products 
Groundnuts 
Palm nuts and kernels 
Coffee 
Cocoa 
Cocoa products 
Colfee products 
Cocoa products 
Cocoa 
Coffee 
Shea nuts and oil 
Palm products 
Cocoa products 
Coffee 
Coffee 
Cotton 
Wood 
Cocoa 
Coffee 
Hides & Skins 
Coffee 
Hides & Skins 
Coffee 
Coffee 
Hides & Skins 
Copra 
Cashew nuts and kernels 
Coffee 
Coffee 
Cloves 
Cloves 
Essential oils 
Cotton 
Wool 
Mohair 
Cocoa 
Coffee 
Fresh bananas 
Fresh bananas 
Fresh bananas 
Cocoa 
Fresh bananas 
Nutmeg & Mace 
Cocoa products 
Coffee 
Cocoa 
Copra 
Copra 
Copra 
Copra products 
Copra products 
Oil cake Transfer basis 
after Art. 203 
reductions 
3,009,994" 
1,446,486 
1,299,177 
8,187,410 
656,303 
27,893,627 
153,553 
55,685 
2,943,497 
1,866,226 
16,006,725 
42,735,491 
29,027,531 
3,573,692 
3,169,349 
519,314 
1,222,263 
37,028,018 
23,053,923 
8,478,427 
1,335,6% 
1,886,000 
1,569,175 
36,107,179 
503,649 
50,984,372 
9,128,184 
29,598,403 
81,142,029 
809,705 
290,825 
2,892,993 
15,308,231 
6,920,500 
1,000,000 
585,343 
910,600 
10,033,134 
1,788,751 
128,760 
14934 
8,246,234 
6,213,207 
6,420,662 
10,055,865 
393,000 
1,087,338 
2,666,738 
7,996,239 
14,530,752 
1,105,005 
6,680 
66,441 
1,009,595 
203,364 
206,306 
30,620 Reductions 
525,637,560 (i) Art. 194(2) 
(10 % T.b.) 
~ 300,999 
144,649 
129,918 
818,741 
65,630 
2,789,363 
15,355 
5,569 
294,350 
186,623 
1,600,673 
4,273,549 
2,902,753 
357,369 
316,935 
51,931 
122,226 
3,702,802 
2,305,392 
847,843 
133,570 
188,600 
156,918 
3,610,718 
50,365 
5,098,437 
912,818 
2,959,840 
8,114,203 
80,971 
29,083 
289,299 
1,530,823 
692,050 
100,000 
58,534 
91,060 
1,003,313 
178,875 
12,876 
14,929 
824,623 
621,321 
642,066 
1,005,587 
39,300 
108,734 
266,674 
799,624 
1,453,075 
110,501 
668 
6,644 
100,960 
20,336 
20,631 
3,062 (ii) Art. 194(4) Amount 
of 
transfers 
1,076,980 
517,554 
464,847 
2,929,466 
234,826 
9,980,376 
54,942 
19,924 
1,053,187 
667,738 
5,727,227 
15^90,814 
10386,088 
1,278,672 
1,133,997 
185,812 
437,328 
13,248,673 
8,248,724 
3,033,592 
477,913 
674,813 
561,452 
12,919,196 
18036 
18,242,275 
3,266,077 
10,590347 
29,032,723 
289,713 
104,057 
1,035,117 
5,477,305 
2,476,164 
357,801 
209,437 
325,814 
3,589,869 
640,018 
46,070 
53,418 
2,950,514 
2,223,093 
237,321 
3,598,001 
140,616 
389,051 
954,162 
2,861,065 
5,199,122 
395,372 
2,390 
23,773 
36134 
72,764 
73,816 
10,956 
52,563,758 188,073,802 1,632,015 
784,283 
704,412 
4,43933 
355,847 
15,123,888 
8336 
30,192 
1,595,960 
1,011,865 
8,678,825 
23,171,128 
15,738,690 
1,937,651 
1,718,417 
281,571 
662,709 
20,076,543 
12,499,807 
4,596,992 
724,213 
1,022,587 
850,805 
19,57735 
273,078 
27,643,660 
4,94939 
16,048,216 
43,995,103 
439,021 
157,685 
1,568,577 
8300,103 
3,75236 
542,199 
317,372 
493,726 
5,439,952 
969,858 
69,814 
80,947 
4,471,097 
3,368,793 
3,48135 
5,45237 
213,084 
589,553 
1,445,902 
4,335,550 
7,878,555 
599,132 
3,622 
36,024 
547,401 
11034 
111,859 
16,602 
285,000,000 
20 
AGGREGATE RESULTS BY PRODUCT Table 2 
Country 
Uganda 
Ethiopia 
Cameroon 
Côte d'Ivoire 
Burundi 
Kenya 
Ghana 
Senegal 
PNG. 
Tanzania 
Central African Republic 
Saint Vincent and the Grenadines 
Zimbabwe 
Haiti 
Chad 
Madagascar 
Togo 
Saint Lucia 
Dominica 
Sierra Leone 
Sudan 
Grenada 
Mozambique 
Lesotho 
Equatorial Guinea 
Comoros 
Burkina Faso 
Benin 
Solomon Islands 
Vanuatu 
Cape Verde 
Western Samoa 
Guinea-Bissau 
Tonga 
Kiribati 
Tuvalu 
TOTAL: 
* <0.01% Amount 
in ECU 
44,434,124 
32,592,949 
32,576,350 
31,849,953 
19,850,343 
16,048,216 
15,738,690 
15,123,888 
12,214,105 
8,300,103 
6,343,792 
5,452,277 
5,439,952 
4,552,044 
4,439,203 
4,294,485 
3,937,639 
3,481,275 
3,368,793 
2,607,825 
2,416,298 
2,248,539 
1,726,262 
1,039,672 
850,805 
811,098 
704,412 
662,709 
599,132 
547,401 
355,847 
128,461 
113,448 
110,264 
36,024 
3,622 
285,000,000 as % of 
total 
15.59 
11.44 
11.43 
11.18 
6.97 
5.63 
5.52 
5.31 
4.29 
2.91 
2.23 
1.91 
1.91 
1.60 
1.56 
1.51 
1.38 
1.22 
1.18 
0.92 
0.85 
0.79 
0.61 
0.36 
0.30 
0.28 
0.25 
0.23 
0.21 
0.19 
0.12 
0.05 
0.04 
0.04 
0.01 
0.00 
100.00 
21 
AGGREGATE RESULTS BY PRODUCT Table 3 
1 
2 
3 
4 
5 
6 
7 
8 
9 
10 
11 
12 
13 
14 
15 
16 
17 Products 
Coffee and by-products 
Cocoa and by-products 
Groundnut products 
Bananas 
Cotton and by-products 
Hides and skins 
Cashew nuts and kernels 
Nutmeg and mace 
Wood 
Wool 
Copra and by-products 
Cloves 
Palm products 
Essential oils 
Shea nuts 
Mohair 
Oil cakes 
TOTAL: Amount 
in ECU 
175,248,589 
53,523,092 
15,207,144 
12,939,795 
6,445,671 
1,568,577 
1,445,902 
1,022,587 
969,858 
966,855 
859,571 
692,901 
493,726 
281,571 
69,814 
16,602 
285,000,000 as % of 
total 
61.49 
18.78 
5.34 
4.65 
4.54 
2.26 
0.55 
0.51 
0.36 
0.34 
0.34 
0.30 
0.24 
0.17 
0.10 
0.02 
0.01 
100.00 
22 
Table 4 : Stabex system 
STABEX Under Lomé IV - Situation as at 31 December 1994 
for the application years 1990,1991,1992 and 1993 
Country 
Benin 
Benin 
Benin 
BenaaTetai 
Burkina Faso 
Burkina Fisc Year 
1990 
1991 
1993 
1990 
1991 
Burkina Fasc 1 1991 
iBurbnaFiso j 1991 
(Burkina Fisc I 1992 
Burkina Fisc 
Burkina FISC 
Barkfau Faso Total 
Burundi 
Burundi 
Burundi 
Burundi 
Burundi 
Burundi 
Burundi 
Burundi 
Biraadl Total 
Cape Verde 
Cape Verde 
Cape Verde 
Cape Verte Total 
Cameroon 
Cameroon 
Cameroon 
Cameroon 
Cameroon 
Cameroon 
Cameroon 
Cameroon 
CaawrM* Tetal 
Central African Republ 
Central African Republ 
Central African Republ 
Central African Repobt 
Cental African Republ 
Ceotral African Republ 
Central African Republ 
Central African Republ 
CJLR. Total 
Chad 
Caaa Total 
Comoros 
Comoros 
Comoros 
Comoros 
Comoros 1992 
1993 
1990 
1990 
•m 
1991 
1992 
1992 
1993 
1993 
1990 
1990 
1993 
1990 
1990 
1991 
1991 
1992 
1992 
1993 
1993 
1990 
1990 
1991 
1992 
1992 
1993 
1993 
1993 
1993 
1990 
1990 
1991 
1992 
1992 Product 
Palm prod 
PaUnprod 
Palm prod 
Hides ft. s 
Hides et s 
Oil cakes 
Shea nuts 
Hides * s 
Cotton 
Cotton 
Coffee 
Tea 
Coffee 
Hides A. s 
Coffee 
Hides & s 
Coffee 
Hides A. s 
Hides & s 
Bananas 
Bananas 
Cocoa 
Coffee 
Cocoa 
Coffee 
Cocoa 
Coffee 
Cocoa 
Coffee 
Coffee 
Cotton 
Coffee 
Coffee 
Cotton 
Coffee 
Cotton 
Wood 
Cotton 
Vanilla 
Cloves 
Essential o 
Cloves 
Essential o Date 
opened 
04/12/91 
25/09/92 
27/07/94 
04/12/91 
25/09/92 
25/09/92 Amount Decided 
(ECU) 
[1] 
253.402.00 
357.252,00 
662.709,00 
1.273.363.00 
386.502,00 Amount 
Paid 
(ECU) 
m 253.402,00 
357.252,00 
0,00 
610.654.00 
386.502,00 
685.522,001 685.522.00 
354.316.00 ! 354.316.00 
25/09/92 j 713.067.00j 713.067,00 Date 
Paid 
30/07/92 
06/11/92 
16/10/92 EC 
Bank 
paid 
from 
BE 
BE 
FR 
16/10/92 | FR 
16/10/92 | FR Bank 
paid 
into 
BBL 
BBL 
Soc.G 
Soc.G S 
o 
Q 
Y 
Y 
Y 
Y 
Soc.G ! Y 2 ç| ^ 
ï ipM 
§•11 * 
N N 
N N 
! 
i 
N [ N 
N ! N 1 s 
N 
N 
N 
N S 
1 
S 
•g 
m 
N 
N 
N 
N 
N ! N | N i N g | 
2 =3 
N 
N 
N 
N 
N 
16/10/92 ; FR ISoc.Gj Y j N . N i N |Nj N 
09/03/94 ; 783.508.00i 0.00 j < Y 
09/03/94 ! 792.762.00 
27/07/94 ! 704.412.00 
05/12/91 
05/12/91 
25/09/92 
25/09/92 
10/03/94 
10/03/94 
27/07/94 
27/07/94 
04/12/91 
04/12/91 
27/07/94 
26/11/91 
26/11/91 
25/09/92 
25/09/92 
10/03/94 
10/03/94 
27707/94 
27/07/94 
04/12/91 
04/12/91 
25/09/92 
10/03/94 
10/03/94 
27/07/94 
27/07/94 
27/07/94 
27/07/94 
05/12/91 
05/12/91 
25/rjSV52 
10/03/94 
10/03/94 4.420.089.00 
16.247.958.00 
301.049.00 
7.787.541.00 
194J64.00 
9.038.427.00 
326.763.00 
19.577.265.00 
273.078,00 
53.746.445.00 
7.053,00 
108.606,00 
355.847.00 
471.506.00 
39.080.820.00 
28J07.419.00 
39.865J19.00 
29.335.870,00 
26.369537,00 
21.536.466.00 
20.076343.00 
12.499.807.00 
217.072.381,00 
6.101.469.00 
629584.00 
2.543.881.00 
1.853.182.00 
420.591,00 
4.596592,00 
724.213.00 
1.022.587,00 
17.892.899,00 
4.439.203.00 
4.439.203,00 
1.392.804.00 
942.073,00 
190.226.00 
818.833.00 
61.859.00 0,00! 1 i : Y 
o.ooj ; 1 Y 
2.139.407,00 
16.247.958.00 
301 049,00 
7.787.541.00 
194.364.00 
0,00 
0,00 
0.00 
0,00 
24.530.912,00 
7.053.00 
108.606.00 
0,00 
115.659.00 
39.080.820.00 
28.307.419.00 
39.865J19.00 
29J35.870.00 
26.369537.00 
21.536.466.00 
20.076343.00 
12.499.807.00 
217.072J81.00 
6.101.469.00 
629584,00 
2.543.881.00 
1.853.182.00 
420391.00 
4.596592.00 
724213,00 
1.022387.00 
17.892.899.00 
4.439203.00 
4.439203.00 
1.392.804.00 
942.073.00 
190226.00 
0.00 
0,00 14/02/92 
14/02/92 
04/12/92 
04/12/92 
02/07/92 
02/07/92 
09/12/91 
09/12/91 
09/10/92 
09/10/92 
23/06/94 
23/06/94 
13/09/94 
09/09/94 
29/04/92 
21/04/92 
19/10/92 
03/05/94 
03/05/94 
01/12/94 
01/12/94 
01/12/94 
16/12/94 
11/06/92 
11/06/92 
03/02/93 FRG 
BE 
BE 
BE 
BE 
BE 
FR 
FR 
BE 
BE 
IT 
rr 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
FR 
FRG 
FRG 
FRG 
FR 
FR 
FR IBBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BNP 
BNP Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y N j N j N \ N 
N ; N ! N j N N 
N 
N 1 N j N 1 N | N 
i 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
N 
N 
N 
Gen.de Banque 
Gen.de Banque 
Gen.de Banque 
Gen.de Banque 
Gen.de Banque 
Gen.de Banque 
1 
CrXyon. 
CrXyon. 
CrXyon. 
CrXyon. 
CrXyon. 
CrXyon. 
CrXyon. 
CrXyon. 
San Pi 
Soc.G 
Soc.G 
Soc.G Y 
Y 
Y 
Y 
Y 
Y N 
N 
N 
N 
N 
N K 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
Y 
N 
N 
N 
N 
N j 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
N 
Y 
Y 
Y 
Y 
Y N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N Date of 
signature 
of me 
FMO 
23/02/92 
24/08/93 Amount of the 
FMO 
(or amounts 
credited to the 
accounts) 
(ECU) 
14] 
253.402,00 
357252.00 
610.654.00 Amount of 
interest generated 
(ECU) 
15] 
9.838,00 
33289.84 
43.127.84 Commitments 
(ECU) 
[6] 
253.402,00 
357252,00 
610.654,00 Payments (ECU) 
[7] 
253.402,00 
357252.00 
610.654.00 Balance to pay 
(ECU) 
[4*5-7] 
9.838.00 
33289,84 
43.127.84 Local 
Currency 
(U.) 
xof 
xof 
xof 
ill! ' 
22/02/94 | 2139.407.00j 0,00! 1.215.805.00; 1215.805.00j 923.602.00! xof 
. i i ! 
10/06/92 
27/10/92 
14/02/93 
13/08/93 
16/10/92 
16/10/92 
23/10/92 j 
1 
2.139.407,00 
16.549.007.00 
7581.905.00 
24.530.912.00 
115.659.00 
115.659,00 
67.388239,00 
69201.389.00 
47506.403.00 
32376.350,00 
217.072.381.00 
6.101.469.00 
629.984.00 
2343.881.00 
2273.773,00 
6.343.792,00 
17.892.899.00 
4.439203.00 
4.439203,00 
2.334.877.00 
190226.00 0,00 
1.122.550.21 
1.000.925.27 
0.00 
0.00 
2.123.475.48 
17.680.00 
17.680.00 
0.00 
0.00 
22.902,43 
22.902,43 
84566.00 1215.805,00 
0,00 
0,00 
0,00 
0,00 
25.014,69 
25.014.69 
0.00 
0.00 
0,00 
0,00 
2.419.843.00 
0.00 ! ! xof 
1.215.805,00 
0.00 
0.00 
0.00 
0.00 
25.014.69 
25.014.69 
0,00 
0,00 
0,00 
0.00 
2.396.553.00 
0,00 923.602.00 
17.671.557.21 
8.982 83027 
0,00 
26.654.387.48 
90.644.31 
90.644.31 
67.388239,00 
69201.389.00 
47.906.403.00 
32376.350.00 
217.072.381.00 
6.101.469.00 
629.984,00 
2343.881.00 
2273.773.00 
6.343.792.00 
17.892.899,00 
4.462.105.43 
4.462.105.43 
23290.00 
190226,00 xof 
xof 
bif 
bif 
bif 
bif 
bif 
eve 
eve 
xaf 
xaf 
xaf 
xaf 
xaf 
xaf 
xaf 
xaf 
xaf 
xaf 
xaf 
xaf 
xaf 
cfi 
cfa 
bnf 
kmf 
bnf Counterpart funds 
to be paid (I.e. 
million) 
83.60 
118,40 
202,00 Counterpart 
funds paid into 
account (Ic 
million) 
83.60 
118.40 
202,00 
! Counterpart funds 
committed 0 -c 
million) 
83.60 
118,40 
202.00 
I : 
0.00 
4.498,90 
0,00 
0.00 
4.498,90 
0.00 
0.00 
0,00 
0,00 
897.30 ! 0.00 
4.381.80 
0.00 
0.00 
4.381.80 
0.00 
0.00 
0.00 
0,00 
913.30 O.OO 
4.458.80 
4.458.80 
0.00 
0.00 
0.00 
0,00 
901.80 
Table 4 : Stabex system 
STABEX Under Lomé IV - Situation as at 31 December 1994 
for the application years 1990,1991,1992 and 1993 
Country 
Comoros 
Comoros 
Comoros Total 
C8te d'Ivoire 
Côte d'Ivoire 
CotedTvoire 
Cfite d'Ivoire 
CSte d'Ivoire 
Côte d'Ivoire 
Côte d'Ivoire 
Côte d'Ivoire 
CSte d'Ivoire Total 
Dominica 
Dominica 
Dominica 
Dominica 
Dommka Total 
Equatorial Guinea 
Equatorial Guinea 
Equatorial Guinea 
Equatorial Guinea 
Equatorial Guinea Year 
1993 
1993 
1990 
1990 
1991 
1991 
1992 
1992 
1993 
1993 
1990 
1991 
1992 
1993 
1990 
1990 
1991 
1992 
1993 
Eqeetorial Gimea Total 
Ethiopia 
Ethiopia 
Ethiopia 
Ethiopia 
Ethiopia 
Ethiopia 
Ethiopia 
Ethiopia 
Ethiopia Total 
Falkland Islands 
Falkland Islands 1990 
1990 
1991 
1991 
1992 
1992 
1993 
1993 
1990 
1991 
FaBrJaad Isbads Total 
Gambia 
Gambia Total 
Ghana 
Ghana 
Ghana 
Ghana 
Gkaaa Total 
Grenada 
Grenada 
Grenada 
Grenada 
Grenada 
Grenada 
Grenada 
Grenada 1991 
1990 
1991 
1992 
1993 
1990 
1990 
1990 
1991 
1991 
1991 
1992 
1992 Product 
Cloves 
Essential o 
Cocoa 
Coffee 
Cocoa 
Wood 
Cocoa 
Cotton 
Cocoa 
Coffee 
Bananas 
Bananas 
Bananas 
Bananas 
Cocoa 
Coffee 
Cocoa 
Cocoa 
Cocoa 
Coffee 
Hides As 
Coffee 
Hides & s 
Coffee 
Hides As 
Coffee 
Hides * s 
Wool not c 
Wool not c 
Groundnut 
Cocoa 
Cocoa 
Cocoa 
Cocoa 
Cocoa 
Bananas 
Nutmeg & 
Cocoa 
3ananas 
Nutmeg A 
Cocoa Date 
opened 
27/07/94 
27/07/94 
22/11/91 
22/11/91 
25/09/92 
25/09/92 
09/03/94 
09/03/94 
27/07/94 
27/07/94 
05/12/91 
25/09/92 
10/03/94 
27/07/94 
04/12/91 
04/12/91 
25/09/92 
10/03/94 
27/07/94 
05/12»! 
05/12/91 
25/09/92 
25/09/92 
10/03/94 
10/03/94 
27/07/94 
27/07/94 
01/03/93 
01/03/93 
25/09/92 
04/12/91 
25/09/92 
09/03/94 
27/07/94 
05/12/91 
05/12/91 
05/12/91 
04/09/92 
04/09/92 
04/09/92 
10/03/94 
Bananas 110/03/94 Amount Decided 
(ECU) 
[1] 
317.372,00 
493.726,00 
4.216.893.00 
16.677.301.00 
74.494.439,00 
67.093.454.00 
4.658.747,00 
46395.018,00 
7.191.368.00 
8.678.825.00 
23.171.128.00 
248360280.00 
673209,00 
158.647.00 
1225.825.00 
3.368.793,00 
5.426.474.00 
2.101395,00 
195.886.00 
1.222271,00 
1320.996,00 
850.805.00 
5.891353,00 
58.456.423.00 
6.132.026.00 
39:815.717.00 
9379.462,00 
35.697.326.00 
5200371.00 
27.643.660,00 
4.949289.00 
187.474.474,00 
619.124.00 
1200.000,00 
1.819.124,00 
354.307,00 
354.307,00 
6.889.065,00 
16.430.110.00 
4.883.722,00 
15.738.690.00 
43541387.00 
618.472.00 
274.633.00 
1.133328,00 
341.127,00 
395.600.00 
1.052.755.00 
162270.00 Amount 
Paid 
(ECU) 
PI 
0.00 
0.00 
2325.103.00 
16.677.301,00 
74.494.439,00 
67.093.454,00 
4.658.747,00 
46.595.018.00 
7.191.368.00 
8.678.825.00 
23.171.128.00 
248360280,00 
673209,00 
158.647.00 
1225.825,00 
3.368.793,00 
5.426.474.00 
2.101395,00 
195.886.00 
1.222271,00 
1320.996,00 
850.805.00 
5.891353,00 
58.456.423.00 
6.132.026,00 
39.815.717.00 
9379.462.00 
35.697.326.00 
5200371.00 
27.643.660.00 
4549289,00 
187.474.474.00 
619.124,00 
1200.000,00 
1.819.124,00 
354.307.00 
354.307,00 
6.889.065,00 
16.430.110,00 
4.883.722,00 
15.738.690,00 
43.941387.00 
618.472,00 
274.633.00 
1.133328.00 
341.127,00 
395.600.00 
1.052 755,00 
162270.00 
578.676.00 j 578.676,00 Date 
Paid 
03/12/91 
03/12/91 
16/11/92 
16/11/92 
14/07/94 
14/07/94 
04/11/94 
04/11/94 
02/12/92 
02/12/92 
26/07/94 
09/09/94 
173/392 
18/03/92 
02/12/92 
20/10/94 
01/12/94 
02/03/92 
02/03/92 
21/10/92 
21/10/92 
25/05/94 
25/05/94 
01/02/94 
01/02/94 
24/03/93 
24/03/93 
30/10/92 
22/05/92 
29/12/92 
21/11*» 
21/11/94 
25/12/91 
25/12/91 
25/12/91 
14/09/92 
14/09/92 
14/09/92 
22/04/94 
22/04/94 EC 
Bank 
paid 
from 
FRG Bank 
paid 
into 
BNPP 
FRG BNPP 
FR 
FR 
FRG 
FRG 
FRG 
FRG 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
FRG 
FRG 
FRG 
FRG 
FRG 
FRG 
FRG 
FRG 
FRG 
FRG 
BE 
BE 
FRG 
BE 
BE 
FRG 
FRG 
BE 
BE 
BE 
BE 
BE 
BE 
BE BNPP 
BNPP 
BNPP 
BNPP 
Gen.d 
Gen.d 
Comm 
Comm 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
Comm 
Comm 
Comm o 
.1 
CO 
1 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y c 
I S 
i i 
» S 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N -i M 
s -
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
Commerzbank Frankfurt 
Commerzbank Frankfurt 
Commerzbank Frankfurt 
Commerzbank Frankfort 
Comm Y N N i i 
s 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
Westdeutsche Landesbank 
Westdeutscbe Landesbank 
Westd 
Ghana 
Ghana 
Gen.d 
Gead 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BE |BBL Y 
Y 
Y 
Y 
Y N 
N 
N 
N 
N Y 
N 
N 
N 
N N 
N 
Y 
--i 
§ 
3 
1 
« Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
N 
N 
N 
N 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
T 
Y 
Y 
Y 
Y 
Y si 
H 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N Date of 
signature 
of the 
FMO 
21/12/91 
19/03/93 
02/08/94 
30/03/93 
08/06/93 
22/02/93 
26/08/93 
02/11/92 
08/10/93 
15/06/92 
15/11/93 Amount of the 
FMO 
(or amounts 
credited to the 
accounts) 
(ECU) 
[4] 
2325.103,00 
91.171.740.00 
71.752201.00 
53.786.386.00 
31.849553.00 
248360280.00 
831856,00 
1225.825,00 
3.368.793,00 
5.426.474.00 
2297.481.00 
1.222271,00 
1320596,00 
850.805,00 
5.891353,00 
64388.449.00 
49.395.179,00 
40.897.897,00 
32592.949,00 
187.474.474.00 
619.124,00 
1200.000,00 
1.819.124,00 
354.307.00 
354.307,00 
6.889.065,00 
16.430.110.00 
4.883.722.00 
15.738.690.00 
43.941387,00 
2.026.633,00 
1.789.482.00 Amount of 
interest generated 
(ECU) 
[5] 
84.966,00 
5.007.659,00 
4.863.855,00 
411243,00 
0,00 
10282.757.00 
86.596.00 
0,00 
0,00 
86396,00 
425.946,00 
163531,00 
12.791,00 
0,00 
602.668,00 
14.489.696,05 
8200.978,31 
1.330.882,67 
120.639,18 
24.142.19621 
0,00 
48284,00 
48284,00 
379312.00 
1.071.046,00 
0,00 
0.00 
1.450358.00 
208300.00 
155.000.00 Commitments 
(ECU) 
[«] 
2.419.843,00 
93.869.067,00 
76.186.736,00 
39.354.018.00 
31.849553.00 
241259.774.00 
415.929,00 
0.00 
0.00 
415.929,00 
1.434336,00 
0.00 
0,00 
0,00 
1.434336,00 
58.507551.00 
16.995.045.00 
0.00 
0.00 
75302596,00 
0,00 
0.00 
0,00 
6.882378,00 
14355.055,00 
0,00 
0,00 
21.437.633,00 
2.026.633,00 
1544.482,00 Payments (ECU) 
[7] 
2396553,00 
93.869.067,00 
76.186.736,00 
39.354.018.00 
31.849553.00 
241259.774,00 
415.929,00 
0.00 
0.00 
415.929,00 
1.434536,00 
0.00 
0,00 
0,00 
1.434536,00 
29.175.105.00 
4.748301,00 
0.00 
0,00 
33.923.606.00 
0.00 
0,00 
0,00 
6.882378,00 
14355.055.00 
0.00 
0,00 
21.437.633,00 
2235.133.00 
1.944.482.00 Balance to pay 
(ECU) 
14+5-7] 
213.516,00 
2.310.332,00 
429.320,00 
14.843.611.00 
0,00 
17383263,00 
502323,00 
1225.825,00 
3.368.793,00 
5.097.141,00 
1.288501.00 
1.386202.00 
1333.787.00 
850.805.00 
5.059.695,00 
49503.040,05 
52.847.656,31 
42228.779.67 
32.713388.18 
177.693.06421 
619.124.00 
1200.000.00 
1.819.124,00 
402391.00 
402391.00 
387304,00 
2.946.101.00 
4.883.722.00 
15.738.690,00 
23556.017.00 
0.00 
0,00 Local 
Currency 
(I.e.) 
kmf 
bnf 
xof 
xof 
xof 
xof 
xof 
xcd 
xcd 
xcd 
xcd 
xaf 
xaf 
xaf 
xaf 
xaf 
etb 
etb 
etb 
etb 
etb 
ftp 
*P 
ftp 
gmd 
gmd 
ghc 
ghc 
ghc 
ghc 
ghc 
xcd 
xcd Counterpart funds 
to be paid (I.e. 
million) 
897,30 
32.18620 
20.416.60 
35 365.90 
87568.70 
0.00 
1.790.90 
1.790.90 
392256,60 
295.350,00 
687.606.60 
0.00 
0.00 
4.676,70 
14.658.50 
19.335,20 
7,50 
6.11 Counterpart 
funds paid into 
account (I.e. 
million) 
913.30 
31.477.20 
23.481.70 
34.301,00 
89259,90 
0.00 
966,60 
966.60 
184263.90 
34.301.00 
218364,90 
0.00 
0.00 
4.676.70 
13.38520 
18.061.90 
7.50 
5,22 Counterpart funds 
committed (I.e. 
million) 
901.80 
31.800.00 
25.008.00 
43.700.00 
100308,00 
0,00 
1.067.40 
1.067.40 
396.000.00 
43.700,00 
439.700,00 
0,00 
0,00 
4.676,70 
13.853.30 
18330,00 
7.50 
6,11 
1 1 1 

Table 4 : Stabex system 
STABEX Under Lomé IV - Situation as at 31 December 1994 
for the application years 1990,1991,1992 and 1993 
Country 
Madagascar 
Madagascar 
Madagascar 
Madagascar Total 
Malawi 
Malawi 
Malawi 
Malawi Total 
Mali 
Mali 
Mali Total 
Mauritania 
Mauritania 
Mauritania 
Mairttaala Total 
Mozambique 
Mozambique 
Mozambique 
Mozambique 
Mozambique 
Mozambique Total 
Papua New Guinea 
Papua Mew Guinea 
Papua New Guinea 
Papua New Guinea 
Papua New Guinea 
Papua New Guinea 
Papua New Guinea 
Papua New Guinea 
Papua New Guinea 
Papua New Guinea 
Papua New Guinea Year 
1992 
1993 
1993 
1990 
1991 
1991 
1990 
1991 
1590 
1991 
1992 
1991 
1991 
1992 
1993 
1993 
1990 
1990 
1990 
1990 
1991 
1991 
1991 
1992 
1992 
1993 
1993 
Papaa New Gataea Total 
Rwanda 
Rwanda 
Rwanda 
Rwanda 
Rwanda 
Rwanda 
Rwanda 
Rwanda 
Rwanda 
Rwaada Total 
Sao Tome and Principe 
Sao Tome and Principe 
Sao Tome and Principe 1990 
1990 
1990 
1991 
1991 
1991 
1992 
1992 
1992 
1990 
1991 
1992 
Sao Tome aid Principe Total 
St. Lucia 
St Lucia 
St Lacb Total 1992 
1993 Product 
Cloves 
Coffee 
Cloves 
Tea 
Tea 
Coffee 
Cotton 
Cotton 
Squid, oct 
Squid, oct 
Squid, oct 
Cashewnu 
Wood 
Cashew nu 
Copra 
Cashew nu 
Cocoa 
Coffee 
Copra 
Palm prod 
Cocoa 
Coffee 
Copra 
Cocoa 
Coffee 
Cocoa 
Coffee 
Coffee 
Hides ft s 
Pyiethrum 
Coffee 
Hides A s 
Pyrethrum 
Coffee 
Hides* s 
Pyrethrum 
Cocoa 
Cocoa 
Cocoa 
Bananas 
Jananas Date 
opened 
10/03/92 
27/07/94 
27/07/94 
05/12/91 
25/09/92 
25/09/92 
04/12/91 
25/09/92 
04/12/91 
25/09/92 
09/03/94 
28/05/93 
28/05/93 
10/03/94 
27/07/94 
27/07/94 
06712/91 
06/12/91 
06/12/91 
06/12/91 
25/09/92 
25/09/92 
25/09/92 
10/03/94 
10/03/94 
27/07/94 
27/07/94 
05/12/91 
05/12/91 
05/12/91 
12/08/92 
12/08/92 
12/08/92 
10/03/94 
10/03/94 
10/03/94 
04/12/91 
20/08/92 
10/03/94 
10/03/94 
27/07/94 Amount Décidée 
(ECU) 
m 497.677.00 
3.752286.00 
542.199.00 
52.414.653.00 
1.705.852.00 
2288.885.00 
220.364.00 
4215.101.00 
329.852,00 
612.134.00 
941.986.00 
9383.712.00 
4.087.698,00 
825.417,00 
14.496.827,00 
1233.873.00 
34.731,00 
554.909,00 
157.685.00 
1368377.00 
3.549.775,00 
6.754.994,00 
7363355,00 
3.322.667,00 
7.307.497,00 
7.074.839,00 
8.695.117,00 
1.454575,00 
4.67S.359.00 
12.736.150.00 
4.335350,00 
7.878355.00 
71.799258,00 
15 363.630.00 
967.433.00 
241.103,00 
9.184.660,00 
936227.00 
11269.00 
13.420282.00 
849.994.00 
52.024.00 
41.026.622.00 
994374.00 
1.063.068.00 
791.978,00 
2.849.620.00 
728.393,00 
3.481275,00 
4209.668.00 Amount 
Paid 
(ECU) 
PI 
497.677,00 
0.00 
0,00 
48.120.168.00 
0,00 
0,00 
0.00 
0,00 
329.852,00 
612.134,00 
941586.00 
9.583.712.00 
4.087.698.00 
0.00 
13.671.410,00 
1233.873,00 
34.731,00 
0.00 
0.00 
0.00 
1268.604.00 
6.754594.00 
7363355.00 
3.322.667.00 
7.307.497.00 
7.074.839.00 
8.695.117.00 
1.454575.00 
0.00 
0,00 
0,00 
0,00 
42.173.644,00 
15.363.630.00 
967.433,00 
241.103.00 
9.184.660.00 
936227,00 
11269,00 
0,00 
0.00 
0,00 
26.704.322,00 
994374.00 
1.063.068.00 
791578.00 
2.849.620.00 
728.393.00 
3.481275,00 
4209.668.00 Date 
Paid 
30/08/94 
17/04/92 
11/05/93 
14/02/92 
06/11/92 
15/06/93 
15/06/93 
20/02/92 
20/02/92 
20/02/92 
20/02/92 
15/12/92 
15/12*2 
15/15/92 
25/02/92 
12/02/92 
12/02/92 
25/08/92 
25/08/92 
25/08/92 
22/07/92 
28/08/92 
20/10/94 
16/12/94 
14/12/94 EC 
Bank 
paid 
from 
BE 
BE 
BE 
FRG 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
FRG 
FRG Bank 
paid 
into o 
i 1 a B 
il 
i1 
D ° h 
CrXyon. Luxembourg 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL Y 
Y 
Y 
Y 
Y 
Y 
N 
Y 
Y 
Barclays 
[Barclays 
Barclays 
Barclays 
Barclays 
Barclays 
BBL 
BBL 
BBL 
Nagel 
Nagel Y 
Y 
Y 
Y 
Y N 
N 
N 
N 
N 
N 
N 
N 
Y 
N 
N 
-
N 
N N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N 
N t 
N 
N 
N 
N 
N 
N 
N 
N 
Y 
N 
N 
-
N 
N 1 | i i 
m 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
N 
N ëf 1 s 
u o 
si 
N 
N 
N 
N 
N 
N 
Y 
Y 
N 
N 
N 
N 
N 
N Date of 
signature 
of the 
FMO 
29/12/92 
26701/94 
30/06/92 
20/07/93 
27/02/92 
12/10/93 
03/08/92 
27/01/94 
05/01/95 Amount of the 
FMO 
(or amounts 
credited to the 
accounts) 
(ECU) 
[41 
9580228.00 
48.120.168.00 
0,00 
329.852,00 
612.134.00 
941586.00 
9383.712,00 
4.087 698,00 
13.671.410,00 
1268.604.00 
1268.604.00 
24.948.713.00 
17224531.00 
42.173.644.00 
16372.166.00 
10.132.156,00 
26.704.322,00 
994374,00 
1.063.068,00 
791578.00 
2.849.620.00 
728.393.00 
3.481275,00 
4209.668,00 Amount of 
interest generated 
(ECU) 
[51 
185.157,00 
4515.427,00 
0,00 
25233.53 
34.869,79 
60.103.32 
1.027.824,83 
537206,53 
1365.031,36 
0,00 
120.893,00 
1266.477,00 
1.387.370,00 
0,00 
126.757.00 
174.723.00 
0,00 
301.480,00 
0,00 
0,00 
0,00 Commitments 
(ECU) 
[«] 
9580228,00 
26.820.857.00 
0.00 
334.348.16 
647.003.79 
981.351.95 
9383.712.00 
4.087.698.00 
13.671.410.00 
0.00 
24.948.713,00 
17224.931,00 
42.173.644.00 
0,00 
1.121.331.00 
1.118.659,00 
0,00 
2239.990,00 
0.00 
0,00 
0,00 Payments (ECU) 
[7] 
9580228.00 
26.820.857.00 
0,00 
334.348.16 
647.003.79 
981.351.95 
9383.712.00 
0.00 
9383.712.00 
0.00 
24548.713.00 
17224531.00 
42.173.644.00 
0.00 
1.077.870,00 
0.00 
0.00 
1.077.870,00 
0,00 
0,00 
0.00 Balance to pay 
(ECU) 
[4+5-7] 
185.157,00 
26214.738,00 
0,00 
20.737,37 
0.00 
20.737.37 
1.027.824.83 
4.624504.53 
5.652.729.36 
1268.604.00 
1268.604.00 
120.893,00 
1266.477.00 
1.387.370,00 
16372.166,00 
10.132.156,00 
26.704.322,00 
43.461,00 
1.118.659.00 
791578,00 
1554.098,00 
728.393,00 
3.481275,00 
4209.668.00 Local 
Currency 
(lc) 
•«f 
mgf 
mwk 
mwk 
mwk 
xof 
xof 
xof 
mro 
mro 
mro 
mro 
mzm 
mzm 
mzm 
mzm 
* mzm 
pelt 
Pfc* 
pfc* 
Pgk 
PS* 
rwf 
rwf 
rwf 
rwf 
std 
std 
std 
std 
dee 
dee 
dee Counterpart funds 
to be paid (lc 
million) 
S4 253.90 
0.00 
113.70 
400.00 
513,70 
1.002.40 
1.002,40 
0,00 
29,60 
22.70 
52.30 
963.00 
963.00 
278.90 
278,90 
0,00 Counterpart 
funds paid into 
account (I.e. 
million) 
54.193,30 
0,00 
104,00 
400.00 
504,00 
883,40 
883.40 
0.00 
29,60 
22.70 
52,30 
72,60 
72,60 
32.50 
32.50 
0,00 Counterpart funds 
committed (I.e. 
million) 
54225350 
0.00 
104.00 
400.00 
504.00 
6.60 
6.60 
0.00 
29.60 
22,70 
52,30 
0.00 
0,00 
0,00 
"Ni Table 4 : Stabex system 
STABEX Under Lomé IV - Situation as at 31 December 1994 
for the application years 1990,1991,1992 and 1993 
Country 
St Vincent and the Gr Year 
1993 Product 
Bananas 
St Viactet aad tie Grcaadmes Total 
Senegal 
Senegal 
Senegal Total 
Sierra Leone 
Sierra Leone 
Sierra Leone 
Sierra Leone 
Sierra Leone 
Sierra Leone 
Siena Leone 
Sierra Leoae Total 
Solomon Islands 
Solomon Islands 
Solomon Islands 
Solomon Islands 
Solomon Islands 
Solomon Islands 
Solomon Islands 1992 
1993 
1990 
1991 
1991 
1992 
1992 
1993 
1993 
1990 
1990 
1990 
1991 
1991 
1992 
1993 
SOIODWB Isbads Tatal 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sudan 
Sadaa Total 
Tanzania 
Tanzania 
Tanzania 
Tanzania 
Tanzania 
Tanzania 
Tanzania 
Tanzania 
Tanzania 
Tauaala Tatal 
Togo 1990 
1990 
1990 
1990 
1990 
1990 
1991 
1991 
1991 
1991 
1991 
1991 
1992 
1992 
1992 
1993 
1993 
1990 
1990 
1990 
1991 
1991 
1992 
1992 
1992 
1993 
1990 Groundnut 
Groundnut 
Coffee 
Cocoa 
Coffee 
Coffee 
Cocoa 
Coffee 
Cocoa 
Cocoa 
Copra 
Palm prod 
Cocoa 
Copra 
Cocoa 
Cocoa 
Groundnut 
Cotton 
Hides A s 
Gum Arab 
Sesame 
Oilcakes 
Groundnut 
Cotton 
Hides A s 
Gum Arab 
Sesame 
Oilcakes 
Groundnut 
Cotton 
Gum Arab 
Cotton 
Hides A s 
Coffee 
Tea 
Sisal 
Coffee 
Cotton 
Coffee 
Cotton 
Cloves 
Coffee 
Cocoa Date 
opened 
27/07/94 
09/03/94 
27/07/94 
04/12/91 
25/09/92 
25/09/92 
09/03/94 
09/03/94 
27/07/94 
27/07/94 
06/12/91 
06/12/91 
06/12/91 
25/09/92 
25/09/92 
10/03/94 
27/07/94 
03/12/91 
04/12/91 
04/12/91 
04/12/91 
04/12/91 
04/12/91 
25/09/92 
25/09/92 
25/09/92 
25/09/92 
25/09/92 
25/09/92 
09/03/94 
09/03/94 
09/03/94 
27/07/94 
27/07/94 
05/12/91 
05/12/91 
05/12/91 
25/09/92 
25/09/92 
10/03/94 
10/03/94 
10/03/94 
27/07/94 
04/12/91 Amount Decided 
(ECU) 
[1] 
5.452277,00 
5.452277.00 
9206.367,00 
15.123.888,00 
24.330255.00 
2.041.855.00 
750.543,00 
652.727,00 
1.694.465,00 
636598,00 
1395560,00 
1.011.865,00 
8.384.013,00 
363.379,00 
3355.653.00 
675.471,00 
182.712.00 
1.333512.00 
41.077,00 
599.132.00 
6.751.336.00 
2.109.071,00 
18.949.680,00 
2.768.785,00 
2510.847.00 
3233.020.00 
1.781.197.00 
160.607.00 
25.806.083,00 
752.453,00 
3.468.736,00 
1326.155.00 
387.782.00 
237.361,00 
24.612.981.00 
3304265.00 
1.632.015,00 
784283.00 
94.625.321.00 
19.104.450.00 
9.749.00 
64.031.00 
11224.734,00 
1.304.125,00 
12328.623,00 
881.929.00 
183.770,00 
8.300.103,00 
53.601314.00 
1.724.659.00 Amount 
Paid 
(ECU) 
m 0,00 
0,00 
9206.367.00 
15.123.888.00 
24.330255,00 
2.041.855.00 
750343,00 
652.727,00 
0.00 
0,00 
0,00 
0,00 
3.445.125.00 
363.379,00 
3355.653,00 
675.471,00 
182.712,00 
1 333512,00 
0.00 
0.00 
6.111.127,00 
0.00 
0.00 
0.00 
0.00 
0.00 
0.00 
0.00 
0,00 
0.00 
0.00 
0,00 
0,00 
0.00 
0.00 
0.00 
0,00 
0,00 
0.00 
19.104.450,00 
9.749.00 
64.031,00 
11224.734.00 
1.304.125.00 
0,00 
0.00 
0.00 
0.00 
31.707.089.00 
1.724.659,00 Date 
Paid 
28/03/94 
29/11/94 
10/03/93 
04/03/93 
04/03/93 
04/03/92 
27/02/92 
04/03/92 
13/04/93 
13/04/93 
14/02/92 
20/02/92 
20/02/92 
29/12/92 
29/12/92 
08/05/92 EC 
Bank 
paid 
from 
FRG 
FRG 
NE 
NE 
NE 
IT 
IT 
IT 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE Bank 
paid 
into 
Q 
Y 1 | 
il 
N 
Gen.de Banque 
Gen.de Banque 
1 1 c 
i s 
-* •& i » s 
N •* ce) 
Vs 
N 
Mees A Hope Amsterdam 
Mees A Hope Amsterdam 
Mees A Hope Amsterdam 
BBL 
BBL 
BBL 
BBL 
BBL Y 
Y 
Y 
Y N 
N 
N 
N N 
N 
N 
N 
StdChartBank London 
Std.Chart.Bank London 
Std.Ch| Y | N | N 
StdChartBank London 
StdCh 
BBL Y 
Y N N N 
N 
--
-500 
N 1 | 
S 
i 
m 
N 
Y 
Y 
N 
N 
Y 
Y S "O 
s 1 
a u 
N 
N 
N 
N 
N 
Y 
Y Date of 
signature 
of the 
FMO 
31/05/94 
22/06793 
29/03/94 
25/02/92 
29/09/93 
12/09/92 Amount of the 
FMO 
(or amounts 
credited to the 
accounts) 
(ECU) 
[4] 
0,00 
9206.367,00 
15.123.888.00 
24.330255,00 
2.041.855,00 
1403.270,00 
3.445.125,00 
4.594303,00 
1.516.624.00 
6.111.127,00 
0,00 
19.178230,00 
12328.859.00 
31.707.089,00 Amount of 
interest generated 
(ECU) 
[5] 
0.00 
0,00 
0.00 
731.153,54 
154.621.57 
885.775.11 
0,00 
2.725.803.42 
1.680.300,28 
4.406.103,70 Commitments 
(ECU) 
[«] 
0,00 
0,00 
0,00 
3.146.488.43 
0.00 
3.146.488,43 
0,00 
20277.477,00 
7.044250,00 
27.321.727,00 Payments (ECU) 
[7] 
0,00 
0,00 
0,00 
3.146.488,43 
0.00 
3.146.488,43 
0.00 
19509.309,55 
77.449.00 
19.986.758.55 Balance to pay 
(ECU) 
[4*5-7] 
0,00 
9.206.367,00 
15.123.888,00 
24.330255.00 
2.041.855.00 
1 403.270,00 
3.445.125.00 
2.179.168.11 
1.671.245,57 
3.850.413,68 
0,00 
1.994.723,87 
14.131.71028 
16.126.434,15 Local 
Currency 
(I.e.) 
dee 
cfa 
xof 
xof 
sll 
sll 
sll 
sll 
sll 
sbd 
sbd 
sbd 
sbd 
sbd 
sdd 
sdd 
sdd 
sdd 
sdd 
tzs 
tzs 
tzs 
tzs 
tzs Counterpart funds 
to be paid (1 c. 
million) 
0,00 
0,00 
0,00 
20.70 
6.70 
27,40 
0.00 
8.02720 
6.174,50 
14201.70 Counterpart 
funds paid into 
account (I.e. 
million) 
0.00 
0,00 
0,00 
12,10 
12,10 
0,00 
7.817,20 
5531,60 
13.748,80 Counterpart funds 
committed (I.e. 
million) 
0,00 
0.00 
0,00 
19,10 
3.80 
22.90 
0,00 
7.368.30 
6.010.90 
13.379,20 
1 
Table 4 : Stabex system 
STABEX Under Lomé IV - Situation as at 31 December 1994 
for the application years 1990,1991,1992 and 1993 
Country 
Togo 
Togo 
Togo 
Togo 
Togo 
Togo 
Togo 
Togo 
Togo 
Togo Total 
Tonga 
Tonga 
Tonga 
Tonga 
Tonga 
Tonga 
Tonga 
Toaga Total 
Tuvalu 
Tuvalu 
Tivafa Total 
Uganda 
Uganda 
Uganda 
Uganda 
Uganda 
Uganda 
Uganda 
Uganda 
Ugaadi Total 
Vanuatu 
Vanuatu 
Vanuatu 
Vanuatu 
Viaaata Total 
Western Samoa 
Western Samoa 
Western Samoa 
Western Samoa 
Western Samoa 
Western Samoa 
Western Samoa 
Western Samoa 
Wester» Samoa Total 
Zimbabwe 
Zimbabwe 
Zimbabwe 
Zimbabwe Total 
Graad Total Year 
1990 
1991 
1991 
1992 
1992 
1992 
1993 
1993 
1993 
1990 
1990 
1991 
1991 
1992 
1992 
1993 
1991 
1993 
1990 
1990 
1991 
1991 
1992 
1992 
1993 
1993 
1990 
1991 
1992 
1993 
1990 
1990 
1990 
1991 
1991 
1991 
1993 
1993 
1992 
1992 
1993 Product 
Coffee 
Cocoa 
Coffee 
Cocoa 
Coffee 
Cotton 
Cocoa 
Coffee 
Shea nuts 
Copra 
Bananas 
Copra 
Bananas 
Copra 
Vanilla 
Copra 
Copra 
Copra 
Coffee 
Cotton 
Coffee 
Hides A s 
Coffee 
Hides A s 
Coffee 
Hides A s 
Copra 
Copra 
Copra 
Copra 
Cocoa 
Copra 
Oil cakes 
Cocoa 
Copra 
Oil cakes 
Copra 
Oilcakes 
Coffee 
Cotton 
Cotton Date 
opened 
04/12/91 
25/09/92 
25/09/92 
10/03/94 
10/03/94 
10/03/94 
27/07/94 
27/07/94 
27/07/94 
06/12/91 
06/12/91 
25/09/92 
25/09/92 
10/03/94 
10/03/94 
27/07/94 
25/09/92 
27/07/94 
05/12/91 
05/12/91 
10/08/92 
10/08/92 
10/03/94 
10/03/94 
27/07/94 
27/07/94 
06/12/91 
25/09/92 
10/03/94 
27/07/94 
06/12/91 
06/12/91 
06/12/91 
25/09/92 
25/09/92 
25/09/92 
27/07/94 
27/07/94 
10/03/94 
10/03/94 
27/07/94 Amount Decided 
(ECU) 
[11 
3305259,00 
1.676.087.00 
6.073.184.00 
1.085346.00 
1.720.363.00 
273.001.00 
1537.651.00 
1.718.417.00 
281.571.00 
19595.738.00 
471394.00 
518.072.00 
250.633.00 
476.475.00 
101.756,00 
10019.00 
110264.00 
1538.813.00 
10 640.00 
3.622.00 
14262.00 
36.985 606.00 
701.713.00 
32.789.829.00 
1.419584.00 
22.748.132.00 
1390.474.00 
43595.103.00 
439.021.00 
140.669.862.00 
1.702208.00 
354.959,00 
267.337,00 
547.401.00 
2.871.905,00 
357.736.00 
1.626.494,00 
190 848,00 
329.389,00 
1.773247,00 
170.039,00 
111.859,00 
16.602,00 
4376214,00 
2.493.812,00 
12.786.706,00 
5.439552,00 
20.720.470,00 
1.493.399.045,31 Amount 
Paid 
(ECU) 
[31 
3305259,00 
1.676.087,00 
6.073.184.00 
0.00 
0.00 
0.00 
0.00 
0.00 
0,00 
12579.189.00 
471394.00 
518.072.00 
250.633.00 
476.475.00 
101.756.00 
10.019.00 
110264.00 
1538.813.00 
10.640,00 
3.622,00 
14.262,00 
36585.606,00 
701.713,00 
32.789.829,00 
1.419584.00 
1298330,00 
0,00 
0.00 
0.00 
73.195.462.00 
1.702208.00 
354559,00 
0,00 
0,00 
2.057.167,00 
357.736,00 
1.626.494,00 
190.848,00 
329.389,00 
1773247,00 
170.039,00 
111.859.00 
16.602,00 
4376214,00 
2.493.812,00 
12.786.706,00 
5.439.952,00 
20.720.470,00 
1.142290.328,31 Date 
Paid 
08/05/92 
09/10/92 
09/10/92 
01/12/94 
01/12/94 
01/12/94 
01/12/94 
01/12/94 
01/12/94 
01/12/94 
31/08/93 
29/11/94 
02/03/92 
18/02/92 
24/08/92 
24/08/92 
31/12/94 
30/08/93 
30/08/93 
29/06/92 
29/06/92 
29/06/92 
12/02/93 
12/02/93 
12/02/93 
20/10/94 
20/10/94 
14/12/94 
14/12/94 
14/12/94 EC 
Bank 
paid 
from 
BE 
BE 
BE 
FRG 
FRG 
FRG 
FRG 
FRG 
FRG 
FRG 
BE 
FRG 
FR 
BE 
UK 
UK 
FRG 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
BE 
FRG 
FRG 
FRG 
FRG 
FRG Bank 
paid 
into 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
Citiba 
Citiba 
Citiba o 
«» 2j o Q 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
Y i c s S si l! 
n 
N 
N 
N 
N 
N 
N 
N 
N 
N 
Citibank London 
mrrm 
Y 
Indosuez 
Indosu 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
BBL 
Sogen Y 
Y 
Y 
Y 
Sogenal 
Sogen Y N 
N 
N 
N 
N 
N N 
N 
N 
N 
N 
N ï 8 n 
s 
N 
N 
N 
N 
N 
N 
endin Y 
endin Y 
endin Y 
endin Y 
N 
N 
N 
N 
N N 
N 
N 
N 
N 1 | 
S 
% 
m 
N 
N 
N 
N 
N 
N 
Y 
Y 
Y 
Y 
Y 
Y 
Y 
N 
N II 
g JB u o 
lî 
N 
N 
N 
N 
N 
N 
Y 
Y 
Y 
Y 
N 
N 
N 
N 
N Date of 
signature 
of the 
FMO 
21/03/94 
13/03/92 
24/06/93 
23/07/93 
15/12/92 Amount of the 
FMO 
(or amounts 
credited to the 
accounts) 
(ECU) 
[4] 
5229518.00 
7.749271.00 
12.979.189.00 
989.666,00 
727.108.00 
111.775,00 
110264.00 
1538.813.00 
26.476,00 
3.622,00 
30.098,00 
37.687.319,00 
34209.813.00 
1298.330,00 
73.195.462,00 
2.057.167,00 
2.057.167,00 
2.175.078,00 
2272.675,00 
128.461,00 
4376214,00 
15280318.00 
5.439.952,00 
20.720.470.00 
1.142.306.164,31 Amount of 
interest generated 
(ECU) 
[51 
0.00 
0.00 
0,00 
0,00 
0,00 
0.00 
0,00 
0,00 
0,00 
5352.489,40 
4.623.567.10 
10.176.056.50 
136.138.96 
136138,96 
417.628,84 
290.117.51 
548.63 
708294,98 
0,00 
0,00 
0,00 
70.445.325,21 Commitments 
(ECU) 
[S] 
0,00 
0,00 
0,00 
0,00 
0,00 
0,00 
0.00 
0,00 
0.00 
0,00 
0,00 
36.814.037,26 
11299.797,98 
48.113.835,24 
2.057.167,00 
2.057.167,00 
1.349.743,58 
0,00 
0,00 
1.349.743,58 
0,00 
0,00 
0,00 
553.793.375,20 Payments (ECU) 
[?] 
0.00 
0.00 
0.00 
0.00 
0.00 
0.00 
0.00 
0.00 
0.00 
0.00 
0.00 
17287.548,84 
9.047.972,96 
26.335.521.80 
0,00 
0,00 
1.349.743.58 
0,00 
0,00 
1.349.743,58 
0,00 
0,00 
0,00 
474.718.928,31 Balance to pay 
(ECU) 
[4+5-7] 
5229518.00 
7.749271,00 
12579.189,00 
989.666.00 
727.108.00 
111.775,00 
110264,00 
1538.813.00 
26.476,00 
3.622,00 
30.098,00 
25.952259,56 
29.785.407,14 
1298.330.00 
57.035.996.70 
2.193.305.96 
2.193.305.96 
1242.963,26 
2.272.675.00 
128.461,00 
3.644.099,26 
15280318,00 
5.439.952,00 Local 
Currency 
(I.e.) 
xof 
xof 
xof 
xof 
xof 
top 
top 
top 
top 
top 
aud 
aud 
aud 
°& 
ugx 
"& 
ugt 
"gx 
vuv 
vuv 
vuv 
wst 
wst 
wst 
wst 
zwd 
zwd 
20.720.470,00 zwd 
739.762.473,75| Counterpart funds 
to be paid (I.e. 
million) 
520 
7,70 
12,90 
0,00 
0,00 
15.055,10 
27.448,10 
4230320 
2.19 
2,19 
2.18 
2.18 
0,00 
949237.60 Counterpart 
funds paid into 
account (I.e. 
million) 
5.20 
7,70 
12,90 
0.00 
0.00 
12.579,20 
24.689,70 
37268,90 
2.19 
2,19 
4.05 
4,05 
0,00 
445.072,31 Counterpart funds 
committed (I.e. 
million) 
0,00 
0,00 
0.00 
13250,70 
26221,40 
39.472,10 
2,06 
2,06 
7,79 
7,79 
0,00 
1.171.419,08 


ISSN 0254-1475 
COM(95) 501 final 
DOCUMENTS 
EN 11 
Catalogue number : CB-CO-95-543-EN-C 
ISBN 92-77-94693-8 
Office for Official Publications of the European Communities 
L-2985 Luxembourg