Decision 2020/2233 - Commitment of the funds stemming from reflows under the ACP Investment Facility from operations under the 9th, 10th and 11th European Development Funds - Main contents
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official title
Council Decision (EU) 2020/2233 of 23 December 2020 concerning the commitment of the funds stemming from reflows under the ACP Investment Facility from operations under the 9th, 10th and 11th European Development Funds| Legal instrument | Decision |
|---|---|
| Number legal act | Decision 2020/2233 |
| Original proposal | COM(2020)484  |
| CELEX number i | 32020D2233 |
| Document | 23-12-2020; Date of adoption |
|---|---|
| Publication in Official Journal | 28-12-2020; OJ L 437 p. 188-191 |
| Effect | 01-01-1001; Application Partial application See Art 4 29-12-2020; Entry into force Date pub. +1 See Art 4 01-01-2021; Application See Art 4 |
| Deadline | 30-06-2021; See Art 2.1 31-12-2027; See Art 2.2 |
| End of validity | 31-12-9999 |
28.12.2020 |
EN |
Official Journal of the European Union |
L 437/188 |
COUNCIL DECISION (EU) 2020/2233
of 23 December 2020
concerning the commitment of the funds stemming from reflows under the ACP Investment Facility from operations under the 9th, 10th and 11th European Development Funds
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on European Union and the Treaty on the Functioning of the European Union,
Having regard to the Internal Agreement between the Representatives of the Governments of the Member States of the European Union, meeting within the Council, on the financing of European Union aid under the multiannual financial framework for the period 2014 to 2020, in accordance with the ACP-EU Partnership Agreement, and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the Treaty on the Functioning of the European Union applies (1) (‘the 11th EDF Internal Agreement’), and in particular Article 1(5) thereof,
Having regard to the proposal from the European Commission,
Whereas:
(1) |
Funds stemming from reflows under the African, Caribbean and Pacific (ACP) Investment Facility from operations under the 9th, 10th and 11th European Development Funds (EDFs) (‘funds stemming from reflows’) cannot be committed beyond 31 December 2020 unless the Council, acting unanimously on a proposal of the Commission, decides otherwise. |
(2) |
There is strong evidence that, while the ACP Investment Facility contributed to the objectives of poverty reduction, integration into the world economy and sustainable development of the ACP countries, as set out in the Partnership Agreement between the members of the African, Caribbean and Pacific Group of States of the one part, and the European Community and its Member States, of the other part (2) (‘the ACP-EU Partnership Agreement’), it did not maximise its contribution in that regard. The continued use of the ACP Investment Facility reflows under a new framework and governance could lead to better development results. |
(3) |
On 14 June 2018 the Commission adopted a proposal for a regulation of the European Parliament and of the Council establishing the Neighbourhood, Development and International Cooperation Instrument (‘the NDICI proposal’), which provides for the establishment of the European Fund for Sustainable Development Plus (‘EFSD+’) and an External Action Guarantee, to which Member States could make contributions that they could earmark for the initiation of actions in specific regions, countries, sectors or existing investment windows. |
(4) |
On 4 December 2020 the ACP-EU Committee of Ambassadors adopted Decision No 2/2020 (3), amending Decision No 3/2019 (4) to adopt transitional measures pursuant to Article 95(4) of the ACP-EU Partnership Agreement to further extend the application of the provisions of the ACP-EU Partnership Agreement until 30 November 2021, or until the entry into force of a new ACP-EU Agreement (‘the new Agreement’), or the provisional application between the Union and the ACP States of the new Agreement, whichever comes first. The period laid down in Article 1(5) of the 11th EDF Internal Agreement, during which the funds stemming from reflows under the ACP Investment Facility from operations under the 9th, 10th, and 11th European Development Funds may be committed, should be extended until 30 June 2021 in order to allow for new commitments of reflows under the ACP Investment Facility and continuous support to ACP countries until an instrument for funding neighbourhood, development and international cooperation to be adopted on the basis of the NDICI proposal (‘the external financing instrument’) becomes fully operational. |
(5) |
The European Fund for Sustainable Development established by Regulation (EU) 2017/1601 of the European Parliament and of the... |
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