FORM OF CO-FINANCING WITH PARTICIPATION BY , IN PARTICULAR , CREDIT AND DEVELOPMENT AGENCIES AND INSTITUTIONS , FIRMS , MEMBER STATES , ACP STATES , THIRD COUNTRIES OR INTERNATIONAL FINANCE ORGANIZATIONS .
ARTICLE 45
1 . GRANTS AND SPECIAL LOANS MAY BE MADE AVAILABLE TO OR THROUGH THE ACP STATE CONCERNED .
2 . WHERE THESE FUNDS ARE ON-LENT THROUGH THE ACP STATE CONCERNED , THE TERMS AND PROCEDURE FOR THE ONLENDING BY THE INTERMEDIATE RECIPIENT TO THE FINAL BORROWER SHALL BE LAID DOWN BETWEEN THE COMMUNITY AND THE STATE CONCERNED IN AN INTERMEDIATE FINANCING AGREEMENT .
3 . ANY BENEFITS ACCRUING TO THE INTERMEDIATE RECIPIENT , EITHER BECAUSE THAT RECIPIENT RECEIVES A GRANT OR A LOAN FOR WHICH THE INTEREST RATE OR THE REPAYMENT PERIOD IS MORE FAVOURABLE THAN THAT OF THE FINAL LOAN , SHALL BE EMPLOYED BY THE INTERMEDIATE RECIPIENT FOR THE PURPOSES AND ON THE TERMS SET OUT IN THE INTERMEDIATE FINANCING AGREEMENT .
ARTICLE 46
1 . THE FINANCING OF PROJECTS AND PROGRAMMES COMPRISES THE MEANS REQUIRED FOR THEIR EXECUTION , SUCH AS :
_ CAPITAL PROJECTS IN THE FIELDS OF RURAL DEVELOPMENT , INDUSTRIALIZATION , ENERGY , MINING , TOURISM , AND ECONOMIC AND SOCIAL INFRASTRUCTURE ;
_ SCHEMES TO IMPROVE THE STRUCTURE OF AGRICULTURAL PRODUCTION ;
_ TECHNICAL CO-OPERATION SCHEMES , IN PARTICULAR IN THE FIELDS OF TRAINING AND TECHNOLOGICAL ADAPTATION OR INNOVATION ;
_ INDUSTRIAL INFORMATION AND PROMOTION SCHEMES ;
_ MARKETING AND SALES PROMOTION SCHEMES ;
_ SPECIFIC SCHEMES TO HELP SMALL - AND MEDIUM-SIZED NATIONAL FIRMS ;
_ MICROPROJECTS FOR GRASSROOTS DEVELOPMENT , IN PARTICULAR IN RURAL AREAS .
2 . FINANCIAL AND TECHNICAL CO-OPERATION SHALL NOT COVER CURRENT ADMINISTRATIVE , MAINTENANCE AND OPERATING EXPENSES .
3 . FINANCIAL AID MAY COVER IMPORT COSTS AND LOCAL EXPENDITURE REQUIRED FOR THE EXECUTION OF PROJECTS AND PROGRAMMES .
ARTICLE 47
1 . IN THE IMPLEMENTATION OF FINANCIAL AND TECHNICAL CO-OPERATION , THE COMMUNITY SHALL PROVIDE EFFECTIVE ASSISTANCE FOR ATTAINING THE OBJECTIVES WHICH THE ACP STATES SET THEMSELVES IN THE CONTEXT OF REGIONAL AND INTERREGIONAL CO-OPERATION . THIS ASSISTANCE SHALL AIM TO :
( A ) ACCELERATE ECONOMIC CO-OPERATION AND DEVELOPMENT BOTH WITHIN AND BETWEEN THE REGIONS OF THE ACP STATES ;
( B ) ACCELERATE DIVERSIFICATION OF THE ECONOMIES OF THE ACP STATES ;
( C ) REDUCE THE ECONOMIC DEPENDENCE OF THE ACP STATES ON IMPORTS BY MAXIMIZING OUTPUT OF THOSE PRODUCTS FOR WHICH THE ACP STATES IN QUESTION HAVE REAL POTENTIAL ;
( D ) CREATE SUFFICIENTLY WIDE MARKETS WITHIN THE ACP STATES AND NEIGHBOURING STATES BY REMOVING THE OBSTACLES WHICH HINDER THE DEVELOPMENT AND INTEGRATION OF THOSE MARKETS IN ORDER TO PROMOTE TRADE BETWEEN THE ACP STATES ;
( E ) MAXIMIZE THE USE OF RESOURCES AND SERVICES IN THE ACP STATES .
2 . TO THIS END APPROXIMATELY 10 % OF THE TOTAL FINANCIAL RESOURCES PROVIDED FOR IN ARTICLE 42 FOR THE ECONOMIC AND SOCIAL DEVELOPMENT OF THE ACP STATES SHALL BE RESERVED FOR FINANCING THEIR REGIONAL PROJECTS