IN ACP STATES OF AGRICULTURAL , MINERAL , ENERGY AND OTHER SPECIFIC RESOURCES WITH A MEMBER STATE OR STATES OF THE COMMUNITY , PROVIDED THAT THESE ARRANGEMENTS ARE COMPATIBLE WITH THIS CONVENTION . SUCH ARRANGEMENTS MUST BE COMPLEMENTARY TO THE EFFORTS ON INDUSTRIALIZATION AND MUST NOT OPERATE TO THE DETRIMENT OF THIS TITLE .
TITLE IV
FINANCIAL AND TECHNICAL CO-OPERATION
ARTICLE 40
1 . THE PURPOSE OF ECONOMIC , FINANCIAL AND TECHNICAL CO-OPERATION IS TO CORRECT THE STRUCTURAL IMBALANCES IN THE VARIOUS SECTORS OF THE ACP STATES' ECONOMIES . THE CO-OPERATION SHALL RELATE TO THE EXECUTION OF PROJECTS AND PROGRAMMES WHICH CONTRIBUTE ESSENTIALLY TO THE ECONOMIC AND SOCIAL DEVELOPMENT OF THE SAID STATES .
2 . SUCH DEVELOPMENT SHALL CONSIST IN PARTICULAR IN THE GREATER WELL-BEING OF THE POPULATION , IMPROVEMENT OF THE ECONOMIC SITUATION OF THE STATE , LOCAL AUTHORITIES AND FIRMS , AND THE INTRODUCTION OF STRUCTURES AND FACTORS WHEREBY SUCH IMPROVEMENT CAN BE CONTINUED AND EXTENDED BY THEIR OWN MEANS .
3 . THIS CO-OPERATION SHALL COMPLEMENT THE EFFORTS OF THE ACP STATES AND SHALL BE ADAPTED TO THE CHARACTERISTICS OF EACH OF THE SAID STATES .
ARTICLE 41
1 . THE COUNCIL OF MINISTERS SHALL EXAMINE AT LEAST ONCE A YEAR WHETHER THE OBJECTIVES REFERRED TO IN ARTICLE 40 ARE BEING ATTAINED AND SHALL ALSO EXAMINE THE GENERAL PROBLEMS RESULTING FROM THE IMPLEMENTATION OF FINANCIAL AND TECHNICAL CO-OPERATION . IT SHALL TAKE STOCK , ON THE BASIS OF INFORMATION GATHERED BOTH BY THE COMMUNITY AND THE ACP STATES , OF ACTION UNDERTAKEN IN THIS CONTEXT BY THE COMMUNITY AND BY THE ACP STATES . THIS STOCKTAKING SHALL ALSO COVER REGIONAL CO-OPERATION AND MEASURES IN FAVOUR OF THE LEAST DEVELOPED ACP STATES .
AS REGARDS THE COMMUNITY , THE COMMISSION SHALL SUBMIT TO THE COUNCIL OF MINISTERS AN ANNUAL REPORT ON THE MANAGEMENT OF COMMUNITY FINANCIAL AND TECHNICAL AID . THIS REPORT SHALL BE DRAWN UP IN COLLABORATION WITH THE EUROPEAN INVESTMENT BANK ( HEREINAFTER CALLED THE " BANK " ) FOR THE PARTS OF THE REPORT WHICH CONCERN IT . IT SHALL IN PARTICULAR SHOW THE POSITION AS TO THE COMMITMENT , IMPLEMENTATION AND UTILIZATION OF THE AID , BROKEN DOWN BY TYPE OF FINANCING AND BY RECIPIENT STATE .
THE ACP STATES FOR THEIR PART SHALL SUBMIT TO THE COUNCIL OF MINISTERS ANY OBSERVATIONS , INFORMATION OR PROPOSALS ON THE PROBLEMS CONCERNING THE IMPLEMENTATION , IN THEIR RESPECTIVE COUNTRIES , OF THE ECONOMIC , FINANCIAL AND TECHNICAL CO-OPERATION , AND ALSO ON THE GENERAL PROBLEMS OF THIS CO-OPERATION .
THE WORK ON THE ANNUAL STOCKTAKING OF FINANCIAL AND TECHNICAL CO-OPERATION SHALL BE PREPARED BY THE EXPERTS OF THE COMMUNITY AND OF THE ACP STATES WHO ARE RESPONSIBLE FOR THE IMPLEMENTATION OF THAT CO-OPERATION .
2 . ON THE BASIS OF THE INFORMATION SUBMITTED BY THE COMMUNITY AND THE ACP STATES AND OF THE EXAMINATION REFERRED TO IN PARAGRAPH 1 , THE COUNCIL OF MINISTERS SHALL DEFINE THE POLICY AND GUIDELINES OF FINANCIAL AND TECHNICAL CO-OPERATION