Legal provisions of COM(2022)306 - Allocation of funds from European Development Funds for financing actions addressing the food security crisis and economic shock in African, Caribbean and Pacific countries

Please note

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

dossier COM(2022)306 - Allocation of funds from European Development Funds for financing actions addressing the food security crisis and economic ...
document COM(2022)306 EN
date July 12, 2022


Article 1

1. An amount up to a maximum of EUR 600 000 000 from the funds de-committed from projects under the 10th and 11th EDFs shall be allocated on an exceptional basis for the purpose of financing actions addressing the food security crisis and economic shock in ACP countries following Russia’s war of aggression against Ukraine.

2. The funds referred to in paragraph 1 should finance actions with a view to providing support as follows:

—up to EUR 350 000 000 for food production and the resilience of food systems,

—up to EUR 150 000 000 for humanitarian assistance, and

—up to EUR 100 000 000 for macroeconomic support.

3. From the amount referred to in paragraph 1, up to EUR 488 000 000 shall be allocated from the 10th EDF and up to EUR 112 000 000 shall be allocated from the 11th EDF. Out of those funds, up to a maximum of EUR 18 000 000 shall be allocated for support expenditure incurred by the Commission.

4. The funds referred to in paragraph 1 shall be used for financial commitments in accordance with the rules and procedures applicable to the 11th EDF, as set out in Regulations (EU) 2015/322 and (EU) 2018/1877.

Article 2

This Decision shall enter into force on the day following its adoption.