Legal provisions of COM(2013)663 - Transitional EDF management measures from 1 January 2014 until the entry into force of the 11th European Development Fund

Please note

This page contains a limited version of this dossier in the EU Monitor.

dossier COM(2013)663 - Transitional EDF management measures from 1 January 2014 until the entry into force of the 11th European Development Fund.
document COM(2013)663 EN
date December 12, 2013

Contents

Article 1

Pending entry into force of the 11th EDF Internal Agreement, transitional measures in the form of action programmes, individual measures and special measures for ACP partners, financing decisions in support of OCTs, and specific action programmes for support expenditure shall be financed from a Bridging Facility, composed of uncommitted balances from the previous EDFs and from funds decommitted from projects or programmes under those EDFs. That Bridging Facility may also cover the grants to finance the interest-rate subsidies and project-related technical assistance allocated to the European Investment Bank as provided for in Articles 1, 2 and 4 of Annex II of the ACP-EU Partnership Agreement and in the Overseas Association Decision. Those transitional financing measures shall be aimed at facilitating the implementation of programming documents and at responding to emergency assistance requirements.

Funds committed under that Bridging Facility shall be accounted for under the 11th EDF. The shares of Member States’ contributions set out in Article 1(2)(a) of the Internal Agreements of the 8th, 9th and 10th EDF shall be reduced accordingly, after the entry into force of the 11th EDF Internal Agreement.

Article 2

For the implementation of the Bridging Facility, Council Regulation (EC) No 617/2007 (4) and Council Regulation (EC) No 215/2008 (5) shall apply.

Article 3

The application of this Decision shall be in accordance with Decision 2010/427/EU.

Article 4

This Decision shall enter into force on the date of its publication in the Official Journal of the European Union.

It shall be applicable from 1 January 2014 until the entry into force of the 11th EDF Internal Agreement.