2003/175/EC: Council Decision of 7 March 2003 on the use of interest from the European Development Fund to finance the cost of implementing the internal system of management for individual consultants working in the ACP States and the Overseas Countries and Territories

Council Decision
of 7 March 2003
on the use of interest from the European Development Fund to finance the cost of implementing the internal system of management for individual consultants working in the ACP States and the Overseas Countries and Territories
(2003/175/EC)
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community,
Having regard to the Third ACP-EEC Convention signed at LomĂŠ on 8 December 1984,
Having regard to the Fourth ACP Convention(1) signed at LomĂŠ on 15 December 1989, as amended by the Agreement signed in Mauritius on 4 November 1995(2),
Having regard to the Internal Agreement of 19 February 1985 on the financing and administration of Community aid(3), hereinafter referred to as the "Internal Agreement for the 6th EDF", and in particular Article 9(2) thereof,
Having regard to the Internal Agreement of 16 July 1990 on the financing and administration of Community aid under the Fourth ACP-EC Convention(4), hereinafter referred to as the "Internal Agreement on the 7th EDF", and in particular Article 9(2) thereof,
Having regard to the Internal Agreement of 20 December 1995 between the Representatives of the Governments of the Member States, meeting within the Council, on the financing and administration of Community aid under the Second Financial Protocol to the fourth ACP-EC Convention(5), hereinafter referred to as the "Internal Agreement for the 8th EDF", and in particular Article 9(2) thereof,
Having regard to the proposal from the Commission,
Whereas:
(1) Since 1 January 2003, the Commission no longer entrusts the management of individual consultants working in the ACP States and the Overseas Countries and Territories to external private-law bodies.
(2) The financial resources required should be drawn from the interest generated on funds deposited under the different European Development Funds (EDFs) and which are in the EDF's cash accounts, in accordance with the Internal Agreements applicable to the 6th, 7th and 8th EDFs,