European Development Fund

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The European Development Fund (EDF) is the most important aid instrument of the European Union in the context of development cooperation with the countries of Africa , the Caribbean and the Pacific ( ACP countries ) and the overseas countries and territories (OCT) . The Development Fund finances projects or programs that contribute to the economic, social or cultural development of the countries concerned. It includes several instruments, such as non-repayable aid, venture capital and loans to the private sector. The EDF is financed by the Member States of the European Union and is not yet incorporated into the European Union budget .

The creation of a development fund was already provided for in the original version of the EEC Treaty . The establishment of the European Development Fund itself, however, only takes place through special agreements between the Member States, which are created for the usually five-year funding period. The duration of the development funds is generally based on the partnership agreements .

The 11th EDF (2015-2020) has made available EUR 30.5 billion. Around EUR 2.5 billion of the total budget has been allocated to the European Investment Bank (EIB). The 11th EDF runs until the end of 2020. Public and private actors in the ACP countries are eligible to apply . These can be public institutions at national, regional and local level, companies, non-governmental organizations and natural persons.

The previous development funds:

  1. EEF: 1959-1964
  2. EDF: 1964–1970 ( Yaoundé Convention I)
  3. EDF: 1970–1975 (Yaoundé II Agreement)
  4. EDF: 1975–1980 (First Lomé Convention )
  5. EEF: 1980–1985 (Second Lomé Convention)
  6. EDF: 1985–1990 (Third Lomé Convention)
  7. EDF: 1990–1995 (Fourth Lomé Convention)
  8. EDF: 1995-2000 (Fourth Lomé Convention and its amended version)
  9. EDF: 2000-2007 ( Cotonou Agreement )
  10. EDF: 2008-2013 (Revised Cotonou Agreement)
  11. EEF: 2015-2020

See also

Web links

Individual evidence

  1. ↑ Summary of EU legislation: European Development Fund
  2. ↑ See for example the Internal Agreement between the Representatives of the Governments of the Member States, meeting in the Council, on the financing of Community aid provided under the multiannual financial framework for the period 2008-2013 under the ACP-EC Partnership Agreement and on the provision of financial aid to the overseas countries and areas to which Part Four of the EC Treaty applies . In: Official Journal of the European Union . L 247, pp. 32-45.
  3. ↑ European Development Fund (EDF). Federal Ministry for Economic Affairs and Energy - Funding database (funding programs of the federal government, the federal states and the EU), accessed in March 2017.