Explanatory Memorandum to COM(2011)836 - EU position concerning the multiannual financial framework for the period 2014 to 2020 of the ACP-EU Partnership Agreement

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dossier COM(2011)836 - EU position concerning the multiannual financial framework for the period 2014 to 2020 of the ACP-EU Partnership Agreement.
source COM(2011)836 EN
date 07-12-2011
The Partnership Agreement between the members of the African, Caribbean and Pacific (ACP) Group of States, of the one part and the European Community and its Member States, of the other part, signed in Cotonou on 23 June 2000 i provides for the adoption of financial protocols for each five year period.

The multiannual financial framework for the period 2008 to 2013 forms Annex Ib to that Agreement.

For the post-2013 multiannual financial framework, the European Commission presented in its Communication ‘A budget for Europe 2020’[2] the overall volume (EUR 30 318.7 million in 2011 prices, i.e. EUR 34 275.6 million in current prices) proposed for the 11th EDF for cooperation with ACP countries and Overseas Countries and Territories (OCTs).

The Commission is presenting a Communication describing the main elements that could figure in the Internal Agreement for the 11th European Development Fund, for the period from 1 January 2014 to 31 December 2020 i.

Annex I to the Cotonou Agreement also needs to be supplemented accordlingly with an additional protocol for the 2014-2020 multiannual financial framework. So the Commission hereby proposes a new Annex 1c to be inserted in the Cotonou Agreement (The multiannual financial framework for the period 2014-2020).

The structure of the multiannual financial framework proposed for 2014-2020 and the share of the different EDF instruments broadly follow those applied to the 10th EDF, with the exception of the Investment Facility which will be financed from the reflows from the 9th and 10th EDFs’ Investment Facilities. The assumption of the European Commission is that an agreement will be reached by the European Union and its Member States on laying down the financing mechanism (the 11th European Development Fund), the exact period to be covered (2014-2020), and the amount of funds to be allocated to that mechanism, for implementing the ACP-EU Partnership, and that the Representatives of the Governments of the Member States will agree on an Internal Agreement for an 11th European Development Fund.