CELEX: 51996PC0585
Language: en
Date: 1996-11-18
Title: Draft DECISION OF THE ACP-EC COUNCIL OF MINISTERS on specific financial measures to enable the Centre for the Development of Industry to continue operating in 1997

COMMISSION OF THE EUROPEAN COMMUNITIES
                                                   Brussels, 18.11.1996
                                                   COM(96) 585 final
(Document disponible en 4 versions linguistiques
 uniquement : FR, DE, EN, ESP)
                                          Draft
                 DECISION OF THE ACP-EC COUNCIL OF MINISTERS
   on specific financial measures to enable the Centre for the Development of Industry to
   continue operating in 1997
                             (presented by the Commission)
 ---pagebreak---  ---pagebreak---                             EXPLANATORY MEMORANDUM
Likely delays in ratifying the second Financial Protocol could leave one of the bodies set up
by the Lomé Convention, the Centre for the Development of Industry (CDI), unable to
operate normally next year. The Centre has used up its available budget and will need extra
funding totally around ECU 15.6 million to pay its way in 1997.
Any channelling to the CDI of unallocated 7th EDF grants would entail changing the ECU
60 million upper limit referred to in Article 3(2)(i) of the Financial Protocol.
As a result, it is proposed to follow last year's example and provide the 8th EDF with an
advance from unallocated 7th EDF grants. This would give the CDI the bridging funds it
needs for 1997 until the new Financial Protocol (8th EDF) comes into force.
 ---pagebreak---                  DECISION OF THE ACP-EC COUNCIL OF MINISTERS
                                        of.         1997
on specific financial measures to enable the Centre for the Development of Industry to
continue operating in 1997
The ACP-EC Council of Ministers,
Having regard to the fourth ACP-EC Convention signed in Lomé on 15 December 1989
and the Financial Protocol thereto, in particular Article 3(2)(i) thereof,
Whereas the Agreement amending the fourth ACP-EC Convention, signed in Mauritius on
4 November 1995, is unlikely to come into force until 1997;
Whereas the Centre for the Development of Industry (CDI) lacks the rands needed to
operate normally in 1997;
Whereas the unallocated grants from the 7th EDF could be used to meet the CDI's needs
until the 8th EDF comes into force;
Whereas the use of such funds may constitute only an advance to the 8th EDF and is
 therefore of a temporary nature,
 HAS DECIDED AS FOLLOWS:
                                            Article 1
The funding needed to finance the CDI budget for 1997 shall, as an advance to the
 &h:EDF, be idiawn from unallocated 7th EDF grants. The sum drawn shall not exceed
 Tliis D^isicm siiall enter into force on I      |. It shall apply until the date on
 8th EDF comes in*o force.
  l o r the ACP^EDC&iBeil of Ministers, 'Rie President
 ---pagebreak---  ---pagebreak---                                                                   ISSN 0254-1475
                                                           COM(96) 585 final
                                             DOCUMENTS
EN                                                                       11 01
                                    Catalogue number : CB-CO-96-582-EN-C
                                                             ISBN 92-78-11568-1
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