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Reallocation of funds to help meet Intra-ACP cooperation goals

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Wednesday, 25 July 2012

Reallocation of funds to help meet Intra-ACP cooperation goals

Following discussions on the ACP-EU cooperation framework, the Council on Foreign Affairs adopted the EU position within the ACP-EU Committee of Ambassadors in favour of a decision to transfer EUR 195 million from the unallocated resources of the 10th European Development Fund to the envelope for Intra-ACP cooperation. This will intend to meet the priorities of the EU and the ACP states, including a replenishment of the African peace facility amounting to eur 100 million.

Source: Council of the EU