2006/768/EC: Council Decision of 7 November 2006 amending Decision 2003/583/EC on the reallocation of funds received by the European Investment Bank for operations carried out in the Democratic Republic of Congo under the second, third, fourth, fifth and sixth EDFs
Date: 2006-11-07
Institutions: Council of the European Union
Subjects: Democratic Republic of the Congo, EU aid, European Development Fund, European Investment Bank, financial aid

11.11.2006

EN

Official Journal of the European Union

L 312/45

II

(Acts whose publication is not obligatory)

COUNCIL

COUNCIL DECISION

of 7 November 2006

amending Decision 2003/583/EC on the reallocation of funds received by the European Investment
Bank for operations carried out in the Democratic Republic of Congo under the second, third,
fourth, fifth and sixth EDFs

(2006/768/EC)

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty
Community,

establishing the European

Having regard to the Partnership Agreement between the
members of
the African, Caribbean and Pacific Group of
States of the one part, and the European Community and its
Member States of the other part, signed in Cotonou on 23 June
2000 (1),

Having regard to the Internal Agreement of 12 September 2000
between representatives of the Governments of the Member
States, meeting within the Council, on the financing and admin-
istration of Community aid under the Financial Protocol to the
Partnership Agreement between the African, Caribbean and
Pacific States and the European Community and its Member
States signed in Cotonou (Benin) on 23 June 2000 and the
allocation of
financial assistance for the overseas countries
and territories to which part four of the EC Treaty applies (2),
and in particular Article 8(2) thereof,

(2)

(3)

(4)

the Representatives of

Decision 2005/446/EC of
the
Governments of the Member States meeting within the
Council (4) sets the deadline for committing the funds of
the 9th European Development Fund (EDF) at 31
December 2007.

Because the transition in the Democratic Republic of
Congo took longer to complete than anticipated in the
light of delays in preparations for the electoral process,
the deadline for committing the funds of the additional
allocation referred to by Decision 2003/583/EC has had
to be extended.

Accordingly, the deadline for committing the additional
funds provided for in Decision 2003/583/EC should be
aligned with the deadline provided for
in Decision
2005/446/EC,

HAS ADOPTED THIS DECISION:

Having regard to the proposal from the Commission drafted in
agreement with the European Investment Bank (EIB),

Article 1

Whereas:

The third sentence of Article 4 of Decision 2003/583/EC is
replaced by the following:

(1)

Council Decision 2003/583/EC (3) indicates that the total
additional allocation is made available for a four-year
period as of the date on which the account is opened.

(1) OJ L 317, 15.12.2000, p. 3. Agreement as amended by the
Agreement signed in Luxembourg on 25 June 2005 (OJ L 287,
28.10.2005, p. 4).

(2) OJ L 317, 15.12.2000, p. 355.
(3) OJ L 198, 6.8.2003, p. 9.

‘The deadline for committing the funds deposited on this
account
shall be 31 December 2007, as per Decision
2005/446/EC. On the completion of all operations funded
from the allocation, the bank account will be closed and any
remaining funds will be refunded to Member States. The
account will be closed no later than 31 December 2011.’

(4) OJ L 156, 18.6.2005, p. 19.

L 312/46

EN

Official Journal of the European Union

11.11.2006

This Decision shall enter into force on the day of its adoption.

Article 2

Done at Brussels, 7 November 2006.

For the Council
The President

E. HEINÄLUOMA