Communication from the Commission European Development Fund (EDF) estimate of the contributions needed for expenditure in the 2003 financial year and forecast expenditure for 2004, 2005, 2006 and 2007
Date: 2002-11-28
Institutions: European Commission
Subjects: European Development Fund, European Investment Bank, Stabex, budget estimate, budgetary procedure, financial year

 COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 28.11.2002
COM(2002) 673 final

COMMUNICATION FROM THE COMMISSION

EUROPEAN DEVELOPMENT FUND
(EDF)

Estimate of the contributions needed
for expenditure in the 2003 financial year
and forecast expenditure for 2004, 2005, 2006 and 2007

EUROPEAN DEVELOPMENT FUND

(EDF)

Estimate of the contributions needed
for expenditure in the 2003 financial year
and forecast expenditure for 2004, 2005, 2006 and 2007

Article 6 of the Internal Agreement on the financing and administration of the seventh and eighth
EDFs lays down that the Commission shall:

– 

– 

send the Council a statement of the payments to be made for the following  year and a
schedule of calls for contributions, taking account of the EIB's estimates concerning the
operations administered by it;

also  send  with  the  annual  forecasts  for  contributions  its  estimates  for  expenditure  for
each of the four years following that for which the call for contributions is made.

2

1. 

INTRODUCTION

In accordance with the rules laid down in the Internal Agreements of the 7th and 8th EDFs, each
year  the  Commission  draws  up  a  communication  to  the  Council  giving  an  estimate  of
expenditure for the following year (2003). This estimate is used to determine the amount of calls
for the Member States' contributions to the EDF for the year in question (2003). The document
also presents the expenditure forecasts for the four following years (2004 to 2007). It starts with
a revision of EDF expenditure for the current year (2002).

This estimate covers EDF resources for both the ACP States and the OCTs.

2. 

EDF EXPENDITURE FOR THE 2002 FINANCIAL YEAR (DECISIONS AND PAYMENTS)

2.1. 

Decisions

In its communication on financial Information on the EDF last July,1 the Commission estimated
the volume of decisions to be carried out in 2002 at €2000 million. On 30 September the volume
of  new  decisions  stood  at  €729  million.  This  figure  might  appear  low  but  it  is  actually  in  line
with  the  target  figure  of  €2000  million.  The  procedure  for  adopting  decisions  leads  to  a
substantial "stockpiling" in the first half of the year. Most are in the process of adoption by the
EDF Committee At the end of September  they amounted to €1201 million.  The  total therefore
rises to €1930 million (final amounts and those pending adoption), which is 96% of the target.
Consequently, the Commission considers that the objective of €2000 million for 2002 could be
reached.

Note  that  a  significant  proportion  of  the  decisions  (estimated  at  €700  million  for  the  year)
concern measures  taken  under  Decision  No  1/2000  of  the  ACP-EC  Council  of  Ministers.  This
involved  unexpended  balances  of  the  8th  EDF,  mobilised  pending  the  implementation  of  the
Cotonou  Agreement.  The  estimate  presented  in  July's  communication  already  took  account  of
this.

2.2. 

Payments

Unlike the decisions estimate, the estimate of €2000 million in payments for 2002 given in July's
communications is not likely to be met. According to information from the EIB, the last tranche
(approximately €150 million) that was initially intended to be paid to the EIB towards the end of
2002  for  the  HIPC  instrument  (relief  of  the  poorest  countries'  debt),  will  not  be  paid  out  until
sometime  in  the  first  half  of  2003.  The  last  tranche  (€180  million)  to  the  World  Bank  should
normally be made, as planned, before the end of the year.

The EIB account does not need replenishing this year because of the slower implementation of
the HIPC initiative  in  a  number  of  countries;  only  at  “completion  point”  can  the  EIB  disburse
major sums.

The pace of payments for other instruments  is  relatively  slow  (€927  million  by  30  September,
plus €185 million was in the pipeline (pending validation)), but this delay should be reabsorbed
by the end of the year.

1 COM(2002) 372 of 9.7.2002.

3

                                                
In  conclusion,  as  a  result  of  the  delay  in  payment  of  the  last  tranche  of  the  EIB's  HIPC
programme, the Commission is forced to revise downwards the level of the payments for 2002. It
now estimates some €1850 million.

The table on the following page updates decisions and payments by instrument. Note that unlike
the communication on financial  Information  (figures  in  column  1),  the  amounts  relating  to  the
measures taken under Decision No 1/2000 are now presented separately (column 3, envelopes A
and B).

2.3. 

Stabex

With  the  expiry  of  the  revised  Lomé  IV  Stabex  is  at  an  end.  No  new  decision  has  been  taken
since 1 January 2001. Whereas large amounts were still being paid out in 2001, only a few were
made in 2002 (€1.6 million). The Stabex account cannot be closed, however. Some €200 million
has  to  remain  available  for  possible  payments  to  Sudan  and  Togo,  currently  suspended.  The
Commission has transferred the surplus balance to the current expenditure account. In addition,
interest accrued and still to be accrued on the Stabex also goes to the current expenditure account
until the Stabex account is closed.

The situation of the Stabex account is presented in a separate table.

4

Estimate of decisions and payments for the financial year 2002

 DECISIONS

 Situation at
30/09/022

 Revised
forecast

 Forecast made
in the financial
information
communication

EUR million

 PAYMENTS

 Amounts
still to be
executed

 Forecast made
in the financial
information
communication

 Situation
at
30/09/023

 Revised
forecast

 Amounts
still to be
carried out

 (1)

 (2)

 (3)

 (3-2 )

 (1)

 (2)

 (3)

 (3-2 )

 1 491

 317

 880

 563

 992

 556

 983

 427

 124

 20

 30

 60

 0

 0

 0

 0

 250

 25

 509

 44

 16

 36

 0

 0

 0

 0

 0

 72

 0

 168

 174

 70

 124

 20

 36

 60

 0

 0

 0

 0

 155

 25

 420

 400

 300

 80

 4

 0

 60

 0

 0

 0

 0

 83

 25

 252

 226

 230

 421

 207

 421

 214

 20

 15

 329

 2

 21

 0

 0

 175

 25

 12

 10

 0

 2

 28

 13

 1

 91

 7

 1 008

 371

 0

 0

 20

 15

 8

 5

 180

 180

 2

 30

 13

 1

 160

 25

 867

 0

 0

 0

 2

 0

 0

 69

 18

 496

 0

 0

 2 000

 729

 2 000

 1 271

 2 000

 927

 1 850

 923

 TOTAL -National and
regional indicative
programmes and other
regional instruments

 Structural Adjustment

 Emergency aid

 Aid to refugees

 HIPC

 Stabex

 Sysmin

 Transfer of other funds

 Use of interest

 Risk capital

 Interest rate subsidies

 TOTAL excluding
indicative programmes

 Envelope A4

 Envelope B5

 TOTAL

2 These are new decisions. Taking account of decommitments, the total volume of decisions is €614 million.

These figures do not include decisions in the pipeline totaling €1201 million.
3 These figures do not include payments in the pipeline, totaling €185 million.
4

5

Includes transitional measures taken under Decision No 1/2000 of the ACP-EC Council of Ministers
Idem.

5

                                                
3. 

FORECAST CASH POSITION AT 31-12-2002

3.1. 

Forecast cash position at 31-12-2002: current expenditure

EUR million

 Resources

 Balance

EXPENDITURE

 391.2

 (83.5)

 1 196.2

 1.3

 6.7

 257.1

 Carryover from 2001 to 2002

 (including anticipated payment 1st tranche 2002)

 Contributions received in 2002 (at 30-09-02

 Unpaid balance of the contributions

 Interest accrued (at 30-09-02)

 Transfers  from  Stabex  to  the  current  account  (at
30-09-02

 Expenditure booked at 30-09-02

 Local payments6

 Expenditure  in  the  process  of  regularisation7  (at
30-09-02

 Expenditure 
31-10-02

forecast  between  30-09-02  and

 927.2

 50.0

 185.3

 200.0

 Forecast balance at 31-10-2002

 1 852.5

 1 362.5

 489.9

 4th call 2002

 Interest  transfer  from  the  Stabex  account  to  the
current account

 200.0

 6.3 8

 Expenditure estimate from 01/10 to 31/12/02

 487.5

 Forecast balance at 31/12/2002

 2 058.7

 1 850.0

 208.7

 Per memoria: total contributions 2002

 1 481.0

6 Payments made in the ACP countries but not yet finalised.
7 Payments in the pipeline, pending approval (visa).
8 This is an estimate. The amount of the transfer will depend on the interest accruing on the Stabex account by the
end of the year. The interest has to be transferred from the Stabex account to the current expenditure account.

6

                                                
3.2. 

Forecast cash position at 31-12-2002: Stabex expenditure

EUR million

 Resources

 EXPENDITURE/
 TRANSFERS

 Balance

 Carryover from 2001 to 2002

 Repayments

 Interest on repayments

 Interest accrued (at 30-09-02)

 Interest estimated for the period 1-10 to 31-12-02

 Expenditure booked at 30-09-02

 Transfers from Stabex to the current account (at
 30-09-02)
 Estimated transfer for period 1-10 to 31-12-029

 220.2

 218.7

 15.9

 8.3

 5.0

 1.6

 257.1

 6.3

 Forecast situation at 31-12-2002

 468.1

 265.0

 203.110

4. 

EDF EXPENDITURE FOR THE 2003 FINANCIAL YEAR (DECISIONS AND PAYMENTS)

The Commission estimates some €2300 million for both decisions and payments in 2003.

These  estimates  are  based  on  the  pace  of  implementation  recorded  for  the  various  Funds.  The
figures  also  take  account  of  the  state  of  dossiers  currently  being  handled  by  the  Commission.
Concerning  decisions,  account  was  taken  of  the  positive  impact  of  the  process  of  devolution
from Brussels to  the Delegations. On the  other hand, the  Commission  believes  that  devolution
will not have a decisive effect on the speed of payments in 2003.

Figures  are  based  on  the  assumption  that  the  9th  EDF  could  enter  into  force  in  early  2003.
Obviously, this assumption is a major element in the forecast for decisions and payments. This is
particularly true of decisions, since it has been projected that €1035 million , 45% of the total,
will  come  from  the  9th  EDF.  Figures  must  therefore  be  treated  with  caution,  given  the
uncertainty still reigning as to the date of ratification of the Cotonou Agreement.

The result of this analysis is presented in the table overleaf.

9 This is an estimate. The amount of the transfer will depend on the interest accruing on the Stabex account. This

interest must be transferred to the current expenditure account.

10 The Commission has to keep this amount in the Stabex account in case suspended payments to Sudan and Togo

are reactivated.

7

                                                
Estimate of decisions and payments for the financial year 2003

 DECISIONS

 PAYMENTS

 EDF 7

 EDF 8

 EDF 9

TOTAL

 EDF 6

 EDF 7

 EDF 8

 EDF 9

TOTAL

 50

 376

 426

 50

 175

 1 076

 1 301

EUR million

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 4

 15

 125

 0

 0

 130

 40

 314

 425

 100

 0

 4

 15

 125

 0

 0

 130

 40

 314

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 0

 645

 155

 235

 1 070

 255

 235

 200

 20

 15

 209

 0

 0

 165

 40

 649

 100

 25

 200

 20

 15

 209

 0

 0

 165

 40

 649

 145

 245

 45

 60

 70

 60

 50

 1 215

 1 035

 2 300

 50

 175

 1 850

 250

 2 325

TOTAL National and
regional indicative
programme and other
regional instruments

 Structural Adjustment

 Emergency aid

 Aid for refugees

 HIPC (debt relief)

 Stabex

 Sysmin

 Risk capital

 Interest rate subsidies

 TOTAL, excluding
indicative programmes

 Envelope A

 Envelope B

 Investment Facility

 TOTAL

Under  the  6th  EDF.  There  should  be  only  a  few  remaining  balances  of  payments  under  the
national and regional indicative programmes, estimated at €50 million.

Under the 7th EDF. Forecast for decisions concern only programmable aid (NIPs and RIPs) for a
total  of  €50  million,  the  funds  for  other  instruments  being  almost  exhausted.  At  only
€175 million, payments under the 7th EDF are declining year on year and account for only 7,5%
of  all  payments  forecast  for  2003  (€2325  million).  They  also  concern  exclusively  expenditure
under the indicative programmes.

Under the 8th EDF. After deduction of major amounts in the pipeline (see point 2.1), the funds
still available at 22 October 2002 for decisions stood at €1918 million, of which €841 million for
the indicative programmes (NIPs and RIPs) and €1077 million for other instruments.

The  estimate  for  decisions  takes  account  of  the  proposal  for  a  Decision  to  reallocate
€254.2 million in unused resources of the 8th EDF.

8

The  amount  calculated  for  the  indicative  programmes  in  2003  takes  account  of  the  fact  that  a
relatively  high  amount  is  destined  for  countries  in  crisis.  The  estimates  for  the  non-indicative
programme instruments come from the EIB (risk capital and interest-rate subsidies) or are based
on available balances (emergency aid, aid for refugees) and the reallocation proposal mentioned
above (HIPC). The balance for the structural adjustment facility is exhausted. Finally, in the case
of the envelope of €1 200 million mobilised under Decision No 1/2000 of the ACP-EC Council
of Ministers pending the implementation of the Cotonou Agreement, it is supposed that the high-
absorbing countries will exhaust the available balance of €500 million (envelopes A and B) from
the €700 million to be committed in 2002. On top of that, there is €25 million under the Decision
(reallocation of €254.2 million) for regional cooperation and integration.

Payments  under  the  8th  EDF  are  estimated  at  €1850  million,  including  €1076  million  in
programmable  aid.  The  amount  for  the  structural  adjustment  facility  (€200  million)  is  what
remains in hand. For the HIPC  (debt  relief, €209  million),  it  is  supposed  that  all  the  decisions
taken hitherto will be honoured in 2003. Payments from envelopes A and B are likely to remain
relatively low (€125 million).

As noted earlier, the assumptions concerning the 9th EDF should be taken with a pinch of salt
because  they  depend  on  the  timing  of  implementation  of  the  Cotonou  Agreement.  In  addition,
the new Fund involves new or almost new instruments about which it is obviously more difficult
to make reliable forecasts. Implementation of the new Financial Regulation may also affect the
level of decisions in the first year of application.

Decisions  are  estimated  at  €1185  million,  including  €235  million  notified  by  the  EIB  for  the
Investment  Facility.  For  envelopes  A,  the  amount  is  based  on  an  analysis  of  projects  in  the
pipeline.  For  envelope  B,  the  amount  is  based  on  past  trends  for  Stabex  and  Sysmin  and  on
envelope B contributions to debt relief.

Payments, keeping in mind the start to implementation of the 9th EDF, should remain relatively
low. They are estimated at €250 million, including €60 million for the Investment Facility.

9

5. 

CALL FOR CONTRIBUTIONS 2003 (ROUNDED FIGURES)

To cover current expenditure for the 2003 financial year and maintain a reasonable cash reserve,
the call for contributions should be established with €2 300 Million.

On  the  basis  of  the  historical  pattern  of  disbursements  for  the  various  instruments,  and  taking
into account the wish expressed  by the  Member  States to  limit the available - but  nevertheless
necessary cash in hand, the Commission proposes the following four tranches to cover current:

– 

– 

– 

– 

€450 million on 20 January 2003

€650 million on 1 April 2003

€700 million on 1 July 2003

€500 million on 1 November 2003

It is stressed that these amounts assume payment in the second quarter of €209 million under the
HIPC instrument (of which €149 million is the last EIB tranche initially scheduled to  be spent
towards  the  end  of  2002,  plus  €60  million  decided  by  the  ACP-EC  Council  of  Ministers  in
December 2001).

As usual, these tranches may be adjusted up or down in line with real requirements at the time of
the  quarterly  call.  Similarly,  a  faster  pace  of  financial  implementation  would  lead  the
Commission to invoke the Internal Agreement in order to adjust financial resources to needs.

10

Forecast cash position at 31/12/2003

Current expenditure

 RESOURCES

 EXPENDITURE

 BALANCE

EUR million

 Carryover from
2002 to 2003

 Tranches

 20/01/2003

 01/04/2003

 01/07/2003

 01/11/2003

 Total

 Interest

 Estimated balance
at 31/12/2003

 209

 450

 650

 700
 50011

 2 300

20

 2 529

 2 325

 204

The table of the call for contributions (scale 8th EDF) is in point 7.

11 Of which €60 million for the EIB-managed Investment Facility.

11

                                                
6. 

EDF EXPENDITURE FORECASTS 2004 TO 2007

Forecasts for 2003 to 2006 are only an approximate estimate of expenditure, based on the rates in
previous  years.  For  example,  figures  may  vary  considerably  if,  say,  there  are  new  debt  relief
commitments.

In  accordance  with  the  Cotonou  Agreement,  remaining  uncommitted  funds  of  the  7th  and  8th
EDFs  will  be  transferred  to  the  9th  EDF  after  the  ratification  of  the  Agreement.  This  will  not
affect the totals.

 Forecast EDF decisions and payments

2004 to 2007

EUR million

 2004

 2005

 2006

 2007

 D

 P

 D

 P

 D

 P

 D

 P

 7th EDF

 8th EDF

 9th EDF

 TOTAL

 0

 100

 0

 0

 400

 1 600

 100

 1 300

 0

 0

 0

 1 000

 0

 0

 0

 600

 2 875

 1 000

 3 250

 1 625

 2 250

 2 125

 1 625

 1 875

 3 275

 2 700

 3 350

 2 925

 2 250

 3 125

 1 625

 2 475

12

7. 

CONTRIBUTIONS TO THE EDF FOR 2003

 Scale

 Call

 Member State

8th EDF

20-1-03

 %

EUR

 Call

1-4-03

EUR

 Call

1-7-03

 EUR

 Call

1-11-03

EUR

TOTAL

EUR

 GERMANY

 BELGIUM

 DENMARK

 SPAIN

 FRANCE

 GREECE

 IRELAND

 ITALY

 LUXEMBOURG

 NETHERLANDS

 PORTUGAL

 THE UK

 AUSTRIA

 FINLAND

 SWEDEN

 TOTAL

23.36

 105 120 000

151 840 000

163 520 000

116 800 000

537 280 000

 3.92

 2.14

 5.84

24.30

 1.25

 0.62

12.54

 0.29

 5.22

 0.97

12.69

 2.65

 1.48

 2.73

 17 640 000

9 630 000

 26 280 000

25 480 000

13 910 000

37 960 000

27 440 000

14 980 000

40 880 000

19 600 000

10 700 000

29 200 000

90 160 000

49 220 000

134 320 000

 109 350 000

157 950 000

170 100 000

121 500 000

558 900 000

5 625 000

2 790 000

 56 430 000

1 305 000

8 125 000

4 030 000

81 510 000

1 885 000

8 750 000

4 340 000

87 780 000

2 030 000

6 250 000

3 100 000

28 750 000

14 260 000

62 700 000

288 420 000

1 450 000

6 670 000

 23 490 000

 33 930 000

 36 540 000

 26 100 000

 120 060 000

4 365 000

 57 105 000

 11 925 000

6 660 000

6 305 000

82 485 000

17 225 000

9 620 000

6 790 000

88 830 000

18 550 000

10 360 000

4 850 000

63 450 000

13 250 000

7 400 000

22 310 000

291 870 000

60 950 000

34 040 000

 12 285 000

 17 745 000

 19 110 000

 13 650 000

 62 790 000

 100.00

 450 000 000

 650 000 000

 700 000 000

 500 000 000

 2 300 000 000

13

Decisions: -------- Payments:

Execution of the EDF

€

0
0
0

4 . 0 0 0 . 0 0 0

3 . 5 0 0 . 0 0 0

3 . 0 0 0 . 0 0 0

2 . 5 0 0 . 0 0 0

2 . 0 0 0 . 0 0 0

1 . 5 0 0 . 0 0 0

1 . 0 0 0 . 0 0 0

5 0 0 . 0 0 0

0

1 9 8 6 1 9 8 7 1 9 8 8 1 9 8 9 1 9 9 0 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7

s t a r t   6   E D F

s t a r t   7   E D F

s t a r t   8   E D F

s t a r t   9   E D F

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Decisions

6 EDF
7 EDF
8 EDF
9 EDF

313

1 954

2 395

1 324

886

452
860

121
1 960

23
1 981

48
2 433

46
1 474

-53
1 018

24
592

-45
117
2 224

-23
205
2 510

30
114
3 614

-14
48
1 520

50
100
1 850

Total (all Funds)

890

2 245

2 541

1 364

829

1 248

2 063

1 631

2 481

1 520

965

616

2 297

2 693

3 757

1 554

2 000

Payments

6 EDF
7 EDF
8 EDF
9 EDF

117

353

808

1 024

1 040

859
196

915
889

572
706

449
1 332

268
1 296

199
1 118

174
1 039

154
819
467

104
627
545

101
478
969

50
407
1 610

30
250
1 570

Total (all Funds)

847

838

1 196

1 297

1 257

1 191

1 942

1 354

1 782

1 564

1 317

1 213

1 440

1 275

1 548

2 068

1 850

50
1 215
1 035

2 300

175
1 900
250

2 325

400
2 875

3 275

100
3 250

3 350

2 250

2 250

1 625

1 625

100
1 600
1 000

2 700

1 300
1 625

2 925

1000
2 125

3 125

600
1 875

2 475

14

 
Balances 6th EDF (situation at 22/10/02)

EURO

 Allocation

 Final decisions

 (1

 (2

 Current
decisions

 (3

 Final and
current decisions

 Balance

 (4= (2+ (3

 (1- (4

 Indicative programmes + regional
instruments

 5 182 748 880

 4 865 922 356

 15 411 068

 4 881 333 424

 301 415 456

 Structural adjustment facility

 6 000 000

 6 000 000

 Interest rate subsidies

 84 078 492

 84 078 492

 Emergency aid

 Aid for refugees

 179 903 200

 179 903 200

 94 769 155

 94 769 155

 43%(c/a) Risk capital

 560 000 000

 543 153 484

 Stabex

 Sysmin

 1 451 123 082

 1 451 123 082

 159 028 573

 159 028 573

 0

 0

 0

 0

 0

 0

 0

 6 000 000

 84 078 492

 179 903 200

 94 769 155

 0

 0

 0

 0

 543 153 484

 16 846 516

 1 451 123 082

 159 028 573

 0

 0

 Transfers 4th EDF

 110 050 761

 88 888 838

 1 195 337

 90 084 174

 19 966 587

 Overall reserve

 1 378 556

 0

 0

 0

 1 378 556

 Situation at 22/10/02

 7 829 080 698

 7 472 867 179

 16 606 405

 7 489 473 583

 339 607 115

A
n
n
e
x

 (3) This involves decisions in the pipeline, i.e. awaiting the decision of the EDF Committee.

15

 
Balances 7th EDF (situation at 22/10/02

EURO

 Allocation

 Final decisions

 Current decisions

 Final and current
decisions

 Balance

 (1

 (2

 (3

 (4= (2+ (3

 (1- (4

 Indicative programmes + regional
instruments

 6 117 886 107

 5 612 618 407

 123 569 929

 5 736 188 336

 381 697 771

 Structural adjustment facility

 1 151 775 130

 1 151 775 130

 -14 416

 1 151 760 715

 14 416

 Interest rate subsidies

 224 000 000

 214 087 609

 407 320 639

 407 081 179

 86 783 676

 86 576 853

 850 000 000

 761 958 694

 1 706 995 231

 1 702 693 938

 456 104 679

 456 104 679

 0

 0

 0

 0

 0

 0

 214 087 609

 9 912 391

 407 081 179

 86 576 853

 239 460

 206 824

 761 958 694

 88 041 306

 1 702 693 938

 4 301 293

 456 104 679

 0

 433 640 944

 359 154 273

 5 927 328

 365 081 602

 68 559 342

indebted  poor

 40 000 000

 40 000 000

 9 677 406

 0

 0

 0

 40 000 000

 0

 0

 9 677 406

 Situation at 22/10/02

 11 484 183 813

 10 792 050 762

 129 482 842

 10 921 533 604

 562 650 209

(3) This involves decisions in the pipeline, i.e. awaiting the decision of the EDF Committee.

16

 Emergency aid

 Aid for refugees

 Risk capital

 Stabex

 Sysmin

 Transfers 4th EDF

for  highly 

 Aid 
countries

 Overall reserve

Balances 8th EDF (situation at 22/10/02)

EURO

 Allocation

 Final decisions

 (1

 (2

 Current
decisions

 (3

 Final and
current decisions

 Balance

 (4= (2+ (3

 (1- (4

 Indicative programmes + regional
instruments

 6 726 912 500

 5 429 605 369

 456 489 938

 5 886 095 307

 840 817 193

 Structural adjustment facility

 1 650 000 000

 1 590 398 945

 31 450 000

 1 621 848 945

 28 151 055

 Interest rate subsidies

 378 500 000

 101 454 943

 0

 101 454 943

 277 045 057

 Emergency aid

 Aid for refugees

 Risk capital

 Stabex

 Sysmin

for  highly 

 Aid 
countries

 143 000 000

 138 049 050

 500 000

 138 549 050

 4 450 950

 120 500 000

 103 115 505

 1 999 525

 105 115 030

 15 384 970

 1 330 000 000

 1 082 834 200

 33 000 000

 1 115 834 200

 214 165 800

 668 973 001

 664 655 892

 123 874 200

 121 424 200

indebted  poor

 1 060 000 000

 1 060 000 000

 0

 0

 0

 664 655 892

 4 317 109

 121 424 200

 2 450 000

 1 060 000 000

 0

 Transitional measures 9th EDF

 1 200 000 000

 243 875 000

 481 365 000

 725 240 000

 474 760 000

 Overall reserve

 56 947 827

 0

 0

 0

 56 947 827

 Situation at 22/10/02

 13 458 707 528

 10 535 413 104

 1 004 804 463

 11 540 217 567

 1 918 489 961

 (1) Before inclusion of the Commission's proposal for reallocation of €254.2 million.

(3) This involves decisions in the pipeline, i.e. awaiting the decision of the EDF Committee.

17