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Tuesday, 17 August 2010

No decision yet on extension to EDF funding after 2013

An extension to the current European Development Fund (EDF), enjoyed by all the 14 Forum Island Countries that are members of the African Caribbean and Pacific (ACP) is not clear, once it expires in 2013.Under EDF10, which runs from 2008 to 2013, the EU mobilized 475.3 million to Pacific ACP countries for their development programs, as committed under the Cotonou Agreement. But the continuation of this funding remains in doubt, an issue that PACP countries will pursue in their discussions with the European Union. The EU’s head of delegation to the Pacific Islands Forum Leaders Summit and deputy director general for development, Christian Leffler told ‘we are beginning to look now at what happens from 2014. “That discussion is just beginning. The European Commission will table some policy paper on it to kick off the formal discussions. In the context of that debate between member states, there will also be a reflection on the future of the EDF. EDF is a free standing fund that is not part of the EU’s budget, said Mr Leffler.“But every time we have renewed the EDF, there is discussion on whether the EDF should now be budgetised. Mr. Leffler said, “At this time, I cannot say whether there will be an EDF11 in the current form but what I can say with a high degree of confidence is that there will be continued European commitment with the ACP countries.

Source: Vanuatutodaynews