Considerations on COM(2012)113 - EU position within the ACP-EU Council of Ministers regarding the revision of terms and conditions of investment financing (Chapter 1 of Annex II to the ACP-EC Partnership Agreement)

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dossier COM(2012)113 - EU position within the ACP-EU Council of Ministers regarding the revision of terms and conditions of investment financing ...
document COM(2012)113 EN
date March 19, 2012
 
(1) Article 100 of the Partnership Agreement lays down that Annexes Ia, Ib, II, III, IV and VI of the Agreement may be revised, reviewed and/or amended by the ACP-EU Council of Ministers on the basis of a recommendation from the ACP-EU Development Finance Cooperation Committee.

(2) A mid-term evaluation on the use of the Investment Facility and of EIB own resources in the ACP region was conducted in accordance with article 6b of Chapter 1 of Annex II to the ACP-EC Partnership Agreement. One of the recommendations presented in the evaluation was to secure supplementary grant resources for technical assistance.

(3) Taking into account the results of the mid-term evaluation, the purpose of the proposed revision of Annex II to the ACP-EC Partnership Agreement is to increase from 10% to 15% the part of the envelope for interest rate subsidies which can be used for projects related technical assistance, as defined in articles 1(3) and 2(9) of Chapter 1 of Annex II to the ACP-EC Partnership Agreement.