financi regul novemb applic sixth european develop fund eec council european commun regard treati establish european econom commun regard acp eec convent sign lomé decemb hereinaft refer convent regard integr agreement financ administr commun aid sign brussel februari hereinaft refer intern agreement articl thereof regard council decis eec june associ oversea countri territori european econom commun hereinaft refer decis regard draft financi regul submit commiss regard consult european parliament regard opinion european invest bank hereinaft refer bank regard opinion court audtitor pursuant articl intern agreement member state set sixth european develop fund hereinaft refer edf articl intern agreement provis implement agreement subject financi regul adopt entri forc convent council act qualifi major laid articl agreement adopt financi regul titl financi arrang articl council notifi commiss novemb year decis adopt pursuant subparagraph articl intern agreement relat schedul call contribut edf annual contribut edf principl call instal payabl januari april juli octob commiss notifi member state event begin financi year amount quarterli instal contribut paid due date commiss inform member state date instal contribut due intent respect limit call contribut provid articl intern agreement supplementari contribut edf decid pursuant subparagraph articl intern agreement decid council due made period laid decis call contribut case exce month member state make contribut refer paragraph proport contribut edf fix articl intern agreement instal contribut payabl articl paid dai due date member state concern notic requir pai interest respect amount paid late payment penalti interest calcul basi rate percentag point interest rate short term financ applic date instal due monei market member state ecu nation currenc whichev chosen payment instal question rate increas percentag point month delai increas rate applic entir period delai articl financi contribut member state express ecu member state pai amount contribut ecu nation currenc basi convers rate ecu forc work dai preced date payment due member state adopt altern instanc base instal annual contribut convers rate ecu forc date choic quarter preced date instal fall due event commiss transmit member state concern due date statement adjust made instal question bring line requir paragraph payment amount adjust made commiss member state due date provis paragraph appli instal paid due date financi contribut credit member state special account entitl commiss european commun european develop fund open bank issu member state financi institut design expiri convent part contribut member state remain oblig make call commiss requir condit laid intern agreement financi regulaton commiss credit amount paid nation currenc account provid paragraph basi exchang rate ecu provid paragraph articl order make payment commiss open account bank issu financi institut member state subject provis articl convent deposit account bear interest credit resourc edf articl signatur commiss offici empow carri oper edf account lodg account open case offici author subsequ design articl edf resourc accord principl economi sound financi manag commiss make withdraw special account refer articl maintain distribut asset account proport member state contribut edf articl commiss transfer special account open pursuant articl financi regul amount need replenish account open accord articl regul articl convent transfer made basi cash requir execut project programm includ amount requir payment account system stabil export earn agricultur commod hereinaft refer stabex system provid articl convent articl financi transact effect ecu nation currenc subject except provid subparagraph articl articl articl fund oper involv convers ecu nation currenc made basi current market rate applic dai oper effect exchang differ cost charg edf articl commiss commun council year statement contribut payment progress report edf financi oper commiss includ estim contribut submit council accord articl intern agreement forecast expenditur includ relat earlier convent respect year cover request contribut forecast updat annual commun council annual request contribut made titl ii manag edf section gener provis articl edf administ financi accord principl author offic account offic individu appropri administ author offic power enter commit expenditur establish sum due collect issu recoveri order payment order collect payment oper carri account offic duti author offic financi control account offic mutual incompat articl limit appropri provid articl intern agreement commiss prejudic articl therof manag edf respons accord condit laid convent decis intern agreement financi regul commiss deleg part duti account offic part respons monitor author agent appoint rule govern respons adopt titl appli author agent limit power deleg decis deleg power state durat extent mandat power deleg act limit power expressli confer decis deleg power notifi power deleg account offic financi control author offic court auditor principl provis financi regul relat monitor payment expenditur applic expenditur effect deleg expenditur final enter edf account commiss verifi expenditur correctli clear author payment order accord requir regul articl accord articl convent commiss appoint chief author offic edf respons prepar manag account refer articl recours deputi author offic appoint subject approv commiss articl commiss appoint financi control respons monitor commit author expenditur monitor revenu financi control assist duti assist financi control monitor carri financi control mean inspect file relat expenditur revenu spot special rule applic financi control formul ensur independ carri duti measur respect appoint promot disciplinari action transfer procedur interrupt termin appoint subject reason decis forward council inform person concern commiss institut proceed court justic articl collect revenu payment expenditur carri account offic appoint commiss subject articl account offic empow manag fund asset respons care account offic respons maintain account provid articl prepar financi statement provid articl assist duti assist account offic appoint condit account offic articl court auditor notifi appoint author offic financi control account offic administr advanc fund account plan refer articl commiss forward court rule procedur drawn respect financi matter section ii revenu articl recoveri sum due edf give rise issu author offic recoveri order recoveri order transmit author offic financi control subject approv approv financi control recoveri order regist account offic purpos approv financi control establish revenu correctli credit recoveri order correct conform provis applic manag edf measur implement provis principl sound financi manag appli support document order debtor correctli due date amount currenc sum recov correct financi control withhold approv consid condit laid paragraph met commiss decis state full reason therefor sole respons overrul refus decis final bind commun inform financi control commiss inform court auditor decis month author offic waiv recov establish debt send propos cancel financi control approv account offic inform purpos approv financi control establish waiver order conform principl sound financi manag propos concern regist account offic approv withheld commiss decis state full reason therefor sole respons overrul refus decis final bind commun inform financi control commiss inform court auditor decis month financi control find document establish debt drawn sum due recov inform commiss thereof articl account offic assum respons recoveri order forward author offic account offic power ensur edf resourc recov due date commun right safeguard account offic inform author offic financi control revenu recov time limit laid section iii commit clearanc author payment expenditur commit expenditur articl measur give rise expenditur payabl edf preced propos commit expenditur author offic provision commit enter respect current expenditur prejudic articl decis commiss accord provis author grant financi aid edf constitut commit expenditur account commit author articl propos commit accompani support document transmit financi control show purpos expenditur estim amount involv item charg descript creditor regist author offic approv financi control articl purpos approv propos commit financi control establish expenditur charg correct item appropri expenditur correct conform provis applic manag edf measur implement provis gener special condit financ loan agreement relat oper principl sound financi manag appli approv condit articl financi control withhold approv consid condit laid articl met withhold approv furnish written statement give reason therefor author offic notifi approv withheld author offic maintain propos refus refer decis commiss avail appropri doubt commiss mean decis state full reason therefor sole respons overrul refus decis final bind commun inform financi control commiss inform court auditor decis month clearanc expenditur articl clearanc expenditur act author offic verifi exist creditor claim determin verifi exist amount sum due verifi condit payment fall due articl clearanc expenditur subject submiss support document show creditor claim servic render exist document justifi payment commiss lai natur content support document enclos payment order categori expenditur advanc grant condit laid commiss support document relat account establish revenu expenditur account balanc sheet refer titl iv period year date decis give discharg respect implement edf refer articl intern agreement document relat transact final close period author offic empow clear expenditur person check support document respons ascertain author expenditur articl author act author offic issu payment order author account offic pai item expenditur clear articl payment order state item payment charg amount paid word figur show currenc address paye method payment purpos expenditur payment order date sign author offic articl payment order accompani origin support document bear accompani statement author offic confirm amount paid correct suppli receiv servic perform payment order show number date relev approv commit copi support document certifi true copi author offic commiss deleg duli warrant case accept place origin articl payment instal payment order accompani document establish creditor claim payment instal question subsequ payment order refer support document furnish repeat refer number payment order articl payment order financi control prior approv purpos prior approv establish payment order properli issu payment order agre commit expenditur amount thereof correct expenditur charg correct item appropri support document order paye correctli name articl approv withheld provis articl appli articl approv origin payment order support document forward account offic payment expenditur articl prejudic provis articl convent respons nation author offic payment final act edf discharg oblig result carri oper financ payment made account offic limit fund articl event substant error valid discharg contest failur observ formal prescrib financi regul account offic suspend payment articl payment suspend account offic give reason decis written statement send forthwith author offic inform financi control valid discharg contest author offic payment suspend refer matter commiss requir write respons payment effect articl payment gener rule effect bank account post offic giro account procedur open administ account determin commiss procedur requir signatur chequ transfer order signatur necessarili account offic assist account offic duli author administr advanc fund procedur requir specif expenditur respect payment necessarili made chequ transfer articl payment categori expenditur advanc fund set condit laid commiss rule govern manag advanc fund cover appoint administr advanc fund natur maximum amount item expenditur incur maximum amount advanc procedur product support document time produc respons administr advanc fund author offic account offic step clear respect exact amount period advanc grant term articl convent articl convers rate calcul ecu payment made purpos project programm refer titl iii part convent forc effect date payment date correspond commiss account refer articl convent articl financi regul debit section iv account articl edf account ecu doubl entri method basi calendar year show revenu expenditur year substanti support document financi statement provid titl iv drawn ecu debt commit express nation currenc account system make record nation currenc ecu articl entri account made basi account plan compris nomenclatur budgetari item make clear distinct balanc sheet revenu expenditur account entri make draw gener monthli balanc statement expenditur revenu detail condit draw oper account plan defin commiss articl account close end calendar year enabl financi statement edf drawn submit financi control section respons author offic financi control account offic administr advanc fund articl prejudic articl convent author offic establish entitl recov issu recoveri order enter commit expenditur sign payment order compli financi regul render liabl disciplinari action payment compens appli omit draw document establish claim neglect issu recoveri order justif late issu articl financi control liabl disciplinari action payment compens action term offic approv expenditur excess appropri articl account offic assist account offic liabl disciplinari action payment compens payment make disregard articl render liabl disciplinari action payment compens loss deterior moni asset document charg loss deterior caus intention due neglig part condit respons correct execut order receiv respect administr bank account post offic account recoveri payment made agre amount recoveri payment order effect payment parti entitl paye administr advanc fund liabl disciplinari action payment compens show due warrant proper document payment made effect payment parti entitl paye liabl disciplinari action payment compens respect loss deterior moni asset document charg loss deterior caus intention due neglig part account offic assist account offic administr advanc fund insur risk incur articl cover guarante fund provid paragraph articl commiss cover relev insur cost categori offici qualifi account offic administr advanc fund term cover insur cost born offici order protect risk involv duti special allow grant account offic administr advanc fund amount allow determin commiss depart sum allow credit month account open commiss behalf offici order establish guarante fund cover cash bank shortag person concern render liabl shortag cover refund insur compani credit balanc guarante account paid person concern termin appoint account offic administr advanc fund final discharg manag articl liabil author offic financi control account offic assist account offic administr advanc fund payment compens disciplinari action determin accord articl staff regul offici european commun articl commiss allow period year date financi statement submit council decis final discharg account offic transact relat thereto oj oj oj oj titl iii implement measur section execut edf oper administ commiss articl commiss measur ensur effect dissemin inform econom oper concern notabl period public forecast contract financ resourc edf articl commiss inform council year contract conclud year notifi council measur propos improv term competit particip invit tender issu edf report commiss provid council inform enabl assess measur commiss fact undertak member state acp state countri territori equal opportun access work suppli contract financ edf articl framework articl convent favour opinion edf committe requir prior place contract direct agreement restrict invit tender recours direct labour justifi urgenc unforeseen circumst except rule govern competit author commiss prior opinion edf committe event commiss immedi inform edf committe thereof articl result intern invit tender refer section publish offici journal european commun articl tender suppli contract financ edf drawn payment made option tender ecu currenc recipi state countri territori currenc countri regist place busi countri produc suppli tender work contract technic assist servic contract financ edf drawn payment made currenc recipi state countri territori tender request tender justifi part nomin amount tender paid currenc countri regist place busi currenc member state basi convers rate forc dai month preced month date set open tender fall express part ecu basi convers rate refer justif requir paragraph assess light verifi fact real origin servic provid expenditur give rise tender servic contract financ edf drawn payment made option contractor ecu currenc countri contractor regist place busi part servic provid correspond expenditur currenc recipi state countri territori paid currenc sum paid currenc defin refer currenc convers effect basi rate contract payment made currenc recipi state countri territori made bank establish recipi countri payment made currenc made intermediari approv bank agenc establish countri contractor regist place busi regist place busi acp state countri territori payment made currenc member state contractor wish provid maintain prior approv nation author state busi regist bank account member state currenc payment made section ii financi commit articl commit amount edf decid accord term relev provis convent procedur articl intern agreement respect aid manag commiss articl agreement aid manag bank financ agreement loan contract refer articl convent amount edf financi commit respect oper question expenditur excess amount charg edf decis commit addit fund thereto condit laid articl intern agreement articl financi regul request commit addit fund address commiss apprais condit laid articl convent section iii special loan articl decis grant special loan set limit commun commit contract relat loan drawn conjunct bank part conclud commiss behalf commun amount appropri loan grant express ecu appropri subsequ revok part payment relat thereto made unpaid amount loan regard grant loan paid ecu currenc currenc member state fix commiss consult borrow amount due commun respect special loan collect bank behalf commun basi mandat notifi commiss bank accord procedur laid articl amount reimburs interest payment due respect special loan express ecu reimburs interest payment made ecu currenc member state chosen borrow exchang rate ecu calcul sum due respect debt servic charg commiss due forc dai preced payment articl accord articl convent implement measur special loan appli respect aid grant special financ facil mine sector section iv risk capit articl decis grant risk capit set limit commun commit financi respons extent right compani oper relat instrument give effect risk capit oper conclud bank act commun author agent bank act behalf commun manag oper refer paragraph subject financ decis board director bank disburs take place bank request commiss pai equival ecu amount nation currenc risk capit disburs commiss pai amount ecu dai receipt request payment convers rate determin amount disburs nation currenc obtain bank correspond carri transact exchang rate commun commiss amount due respect receipt incom repay relat risk capit oper collect bank behalf commun accord provis articl financi regul articl sum collect bank form repay princip interest charg respect special loan aid grant special financ facil form product revenu repay risk capit oper credit special account open behalf commun member state proport contribut edf account denomin ecu manag bank accord provis articl intern agreement bank agre member state inform suppli account technic procedur manag account includ relat fix rate interest decid council bank agreement commiss section subsid loan bank articl aggreg amount interest rate subsidi loan bank calcul ecu accord articl convent basi composit interest rate fix accord procedur set paragraph iii sign loan contract bank commun commiss estim total amount interest rate subsidi express ecu disburs instal loan bank request commiss pai interest subsidi relat instal base calcul equival ecu amount currenc loan instal disburs convers rate currenc ecu publish offici journal european commun oper date amount currenc disburs determin date commun commiss ii applic percentag rate interest subsidi declin annual capit balanc due repay date iii present interest subsidi relat loan disburs calcul present made refer composit discount rate equal annual interest rate bank fact receiv currenc currenc relev disburs loan loan benefit interest subsidi actual calcul present composit discount rate reduc tenth percentag point commiss pai ecu amount subsidi discount accord procedur paragraph dai receipt request payment date disburs relev loan instal interest subsid loan repaid advanc bank pai commiss contractu repay date subsequ advanc repay currenc concern part undiscount subsidi calcul accord term point ii paragraph part loan repaid bank pai commiss contractu repay date subsequ advanc repay currenc concern part undiscount subsidi calcul proport amount advanc repay bear balanc outstand prior advanc repay sum reimburs commiss credit amount million ecu provid articl intern agreement financ interest rate subsidi payment provid articl made ecu section vi manag export earn stabil system articl annual resourc stabex system provid articl convent manag commiss accord procedur half annual instal transfer april juli account provid articl financi regul credit special interest bear account transfer year reduc amount advanc grant preced year articl convent sum due stabex account calendar year convent forc transfer stabex account date entri forc financi regul effect due date laid ii amount stabex account includ interest financ transfer provid part titl ii chapter convent iii amount remain stabex account end calendar year carri forward automat year transfer agreement refer articl convent state currenc transfer amount made refer date fix convers rate ecu currenc concern condit replenish resourc made stabil system refer part titl ii convent articl advanc made year instal provid articl convent advanc refer articl convent reduc proportion articl commiss inform council month financi situat system inform refer paragraph supplement updat propos transfer laid member state section vii execut agent chapter chief author offic articl chief author offic edf refer articl convent measur implement provis articl convent deem chief author offic consult expert chosen technic compet independ vi vi firm concern award contract chief author offic ensur public invit tender document relat tender direct indirect discriminatori provis ensur tender compar equal condit import duti tax recipi state countri territori constitut obstacl particip invit tender chief author offic suspend public notic invit tender found correct made specif document replac thereof end inform relev author recipi state countri territori observ articl accord articl convent decis commit addit fund requir cover excess expenditur incur project programm chief author offic excess expenditur equal lower ceil origin commit set financ decis excess greater ceil procedur articl intern agreement appli relev financ decis articl chief author offic measur ensur nation author offic perform task respons virtu articl convent compli provis financi regul commit clearanc author expenditur chief author offic awar delai carri procedur relat project financ edf conjunct nation author offic make contact remedi situat reason whatsoev servic render delai clearanc author payment rise difficulti call question full perform contract chief author offic measur resolv difficulti remedi financi consequ result situat gener enabl project project programm complet econom condit inform nation author offic measur payment made directli commiss beneficiari contract commun automat acquir beneficiari creditor vi vi nation author chapter ii commiss deleg articl commiss deleg compli financi regul perform duti provid articl convent articl perform oper financ edf deleg verifi spot basi record work carri servic render correspond descript financ agreement loan contract estim articl event failur compli financi regul misconduct gross neglig perform duti deleg answer commiss chapter iii pai agent articl perform task laid articl convent pai agent compli financi regul articl event failur observ provis forc misconduct gross neglig entail financi loss commun pai agent held financi respons condit accord term laid contract bind commiss titl iv present audit account articl commiss draw april year balanc sheet asset liabil edf decemb preced year statement sourc fund date previou balanc sheet financi statement refer paragraph accompani tabl revenu show estim revenu financi year amend revenu estim entitl establish financi year amount collect end financi year addit revenu articl commiss respect calendar year draw april year manag account edf manag account includ tabl revenu item articl expenditur tabl compris tabl show decis commiss council calendar year tabl show situat sum commit tabl show situat deleg appropri expenditur author effect calendar year tabl show situat deleg appropri expenditur author effect tabl refer paragraph accompani cumul statement show recipi countri territori aggreg figur commit decis deleg appropri grant expenditur author effect articl prejudic articl intern agreement commiss forward balanc sheet statement sourc fund manag account european parliament council court auditor april financi year articl court auditor member carri task court seek assist offic court case court member notifi author offic work task deleg offic articl audit carri court auditor base record perform spot concern oper project financ edf resourc manag commiss purpos establish revenu receiv expenditur incur law regular manner regard provis applic financi manag sound perform task court auditor condit laid paragraph consult document inform relat financi manag depart subject inspect power hear offici respons revenu expenditur oper audit procedur depart court auditor ensur secur cash deposit check voucher sign depositari court carri check commiss provid court auditor facil give inform court perform task place dispos court auditor document conclus implement contract account cash materi account record support document administr document pertain thereto document relat revenu expenditur inventori list post depart court auditor end offici subject audit court auditor submit support document respect manag depositari book regist document relat thereto present correspond document requir full implement audit inform refer request court auditor court auditor empow audit document respect edf revenu expenditur held commiss depart depart respons decis revenu expenditur articl court auditor commun commiss juli year observ consid annual report provid articl treati observ remain confidenti commiss forward repli court auditor octob relev year court auditor attach report assess sound financi manag court auditor time submit observ specif question deliv opinion request institut commun articl court auditor send annual report commiss repli novemb year european parliament council commiss ensur public offici journal european commun articl april year european parliament recommend council act qualifi major give commiss discharg respect financi manag edf preced year accord articl intern agreement financi control account observ appear decis give discharg commiss step act observ appear decis give discharg request european parliament council report measur light observ instruct depart respons manag edf report forward court auditor subject sentenc paragraph commiss annex revenu expenditur account financi year give account measur light observ appear decis give discharg balanc sheet statement sourc fund manag account financi year decis give discharg publish offici journal european commun titl gener final provis articl refer financi regul provis convent deem refer provis decis shown annex articl financi regul applic period intern agreement brussel novemb council presid patten annex cross refer provis convent refer financi regul provis decis articl convent articl decis