CELEX: 51991PC0141
Language: en
Date: 1991-04-19
Title: DRAFT COUNCIL DECISION ON THE ASSOCIATION OF THE OVERSEAS COUNTRIES AND TERRITORIES WITH THE EUROPEAN ECONOMIC COMMUNITY - BREAKDOWN OF VIITH EDF FUNDS AMONG THE OCT - ARTICLE 154

16. 5. 91                                 Official Journal of the European Communities                              No C 126/5
                                                                  II
                                                          (Preparatory Acts)
                                                     COMMISSION
                Draft Council Decision on the association of the overseas countries and territories with the
                European Economic Community — Breakdown of seventh European Development Fund funds
                                                  among the O C T — Addendum (')
                                                            (91/C 126/05)
                                                         COM(91) 141 final
                                          (Submitted by the Commission on 22 April 1991)
                          Introduction                                (b) for the purposes set out in Articles 143, 144 and 147,
                                                                          ECU 25 million from the Bank in the form of loans
                                                                          from own resources in accordance with the terms
The Council is requested to find attached Article 154 of                  and conditions provided for by its statute. These
the draft Council Decision on the association of the                      loans shall be subject to the provisions of Article 157
overseas countries and territories. This Article has been                 on interest rate subsidies.
supplemented in order to allocate the resources of the
seventh European Development Fund between the
British, French and Netherlands OCT. These allocations
have been calculated in accordance with the same                      2.    The amount referred to in paragraph 1 (a) (i) shall
political compromise as applied on the occasion of the                be allocated as follows:
last Council Decision of 1986.
                                                                      (a) ECU 86 million to finance projects and programmes,
                                                                          which shall be broken down as follows:
                            'Article 154
                                                                            (i) United Kingdom O C T : ECU 15,4 million;
1.     For the purposes set out in Title III, Chapter 1, and
for a period of five years commencing on 1 March 1990,                     (ii) French O C T : ECU 35,3 million;
the overall amount of the Community's financial
                                                                          (iii) Dutch O C T : ECU 35,3 million;
assistance shall be ECU 165 million.
                                                                      (b) ECU 11,5 million to finance regional projects and
This amount shall comprise:
                                                                          programmes in the O C T , including regional
                                                                          programmes to develop trade and services under
                                                                          Article 85;
(a) ECU 140 million from              the Fund, allocated     as
     follows :
       (i) for the purposes set out in Articles 143, 144 and          (c) ECU 6 million to finance the interest rate subsidies
           147, ECU 106,5 million in the form of grants;                  referred to in Article 157;
      (ii) for the purposes set out in Articles 143, 144 and
           147, ECU 25 million in the form of risk capital;
                                                                      (d) a special allocation of ECU 3 million, of which:
     (iii) for the purposes set out in Articles 114 to 136,
           ECU 6 million in the form of grants under the                    (i) ECU 2,5 million for emergency aid as provided
           Stabex facility;                                                     for in Article 164; and
     (iv) for the purposes set out in Articles 137 to 142,                 (ii) ECU 0,5 million to aid refugees, returnees and
           ECU 2,5 million in the form of grants under the                      displaced persons as provided for in Article 165;
           Sysmin facility;                                               (iii) should the appropriations provided for under
                                                                                one of the Articles referred to above be
                                                                                exhausted before the expiry of this Decision,
                                                                                transfers may be made from the appropriations
O OJ No C 95, 11. 4. 1991, p. 1.                                                provided for in the other Article;
 ---pagebreak--- No C 126/6                          Official Journal of the European Communities                                16. 5. 91
   (iv) on the expiry of this Decision, appropriations                 the situations referred to in Articles 164 and
        not committed for emergency assistance or aid                   165.
        for refugees, returnees and displaced persons
        shall be returned to the Fund for the purpose of      3. The Bank shall administer loans from its own
        financing other operations coming within the          resources, including interest rate subsidies, and risk
        scope of development finance cooperation,             capital. All other financial resources provided for in this
        unless the Council decides otherwise;                 Decision shall be administered by the Commission.
    (v) should all the special appropriations be used
        before the expiry of this Decision, the Council       4. Further amounts of Community financing shall be
        shall adopt, on a proposal from the                   adopted for the second five-year period covered by this
        Commission, appropriate measures to deal with         Decisions.'