special report stabex fund context financi protocol fourth lomé convent commiss repli observ pursuant articl subparagraph ec treati tabl content page introduct outlin descript stabex system manag lomé iv stabex alloc financi situat lomé iv stabex insuffici resourc destin statu measur combat shortag stabex resourc alloc resourc countri calcul stabex transfer timet reliabl statist reduct transfer entitl error note calcul stabex transfer impact qualiti price payment stabex transfer prepar framework mutual oblig provis convent util fund procedur prepar framework mutual oblig fmo delai prepar fmo identif oper financ condition commiss procedur util stabex transfer financi implement framework mutual oblig analysi alloc stabex fund import programm page intern debt relief measur price stabil project implement acp state commit principl condition relat stabex type condit respect condition financi account procedur legal framework implement stabex oper function doubl signatur account counterpart fund financi monitor stabex commiss monitor evalu lome iv stabex conclus gener context implement stabex system econom system laid convent financi manag implement stabex transfer assess commiss repli introduct stabex main financi instrument creat lomé convent aim assist african caribbean pacif acp state stabex system design guarante stabil acp state export earn commun agricultur product laid convent uniqu role develop cooper articl lomé iv convent aim stabil acp state export earn remedi harm effect instabl export earn acp state overcom main obstacl stabil profit sustain growth economi support develop effort enabl ensur econom social progress peopl help safeguard purchas power preserv basic object previou convent lomé iv convent introduc number signific stabex system continu import underlin fact financi protocol lomé iv alloc mio ecu stabex implement year repres total resourc protocol court auditor carri audit stabex oper lomé iv period audit paid attent effect function introduc convent system place short time conclus consid provision court observ base result spot audit stabex beneficiari detail documentari audit beneficiari countri occas court note contradict object assign convent stabex system shown paragraph pace commiss talk hierarchi object oppos object tend counteract effect fall revenu whilst suppos deal contradict lead delai implement render procedur cumbersom situat remedi mere amend commiss manag practic ambigu contradict remov convent arriv consist polici respect financi instrument outlin descript stabex system purpos chapter provid basic overview stabex system oper diagram mobil procedur stabex instrument provid annex stabex alloc divid annual instal mio ecu cover lifetim financi protocol lomé iv end calendar year commiss determin acp state suffer loss export earn larg agricultur product list convent earn product repres percentag countri total export earn export earn year consider applic year compar refer level export earn establish defin period establish fall export earn product applic year compar refer level acp state concern entitl transfer product annual stabex instal amount transfer calcul basi amount fall export earn articl prior transfer paid acp state inform commiss propos fund entitl articl principl fund assist sector loss earn occur articl twelv month mobil fund acp state report commiss fund articl main innov lomé iv previou convent requir acp state repai stabex transfer condit longer case lomé iv lomé iv closer control acp state stabex transfer transfer acp state commun agre detail programm stabex fund set document entitl framework mutual oblig fmo sign commiss nation author offic nao acp state articl ii stabex transfer paid dual signatur bank account europ fund releas disburs oper framework mutual oblig implement signatur commiss deleg acp state concern nao obtain convent requir counterpart fund gener stabex oper held joint account articl closer control util stabex transfer introduc return commun agre futur transfer form grant loan explicitli state convent term framework mutual oblig impli exist condit util stabex transfer acp state undertak fulfil lomé iv articl state transfer sector record loss export earn benefit econom oper advers affect loss refer stabex benefit econom oper contrast previou convent fund maintain financi flow sector question chang complement aim safeguard popul purchas power paragraph intend ensur greater proport transfer produc calcul techniqu concern main innov statist export commun calcul principl produc statist offic european commun articl previou convent calcul base close cross check export statist suppli acp state commun manag lomé iv stabex alloc financi situat lomé iv stabex stabex primari commit made lomé iv amount mio ecu secondari commit payment edf account amount mio ecu situat applic year set tabl gt tabl gt differ primari commit payment larg due fact commiss block sign transfer agreement amount mio ecu countri polit situat fact fourth lomé convent includ respect human right gener condit grant aid edf oper commiss block stabex transfer provision withheld signatur fmo countri equatori guinea togo decemb definit transfer decis carri applic year decis juli articl convent situat aros shortag stabex resourc meet elig transfer payment figur applic year treat caution reflect actual implement stabex financ oper simpli transfer edf account acp state bank account europ ii present payment made edf account commiss annual financi statement give mislead impress stabex oper analysi final payment chapter report insuffici resourc applic year mio ecu annual instal stabex insuffici cover loss elig export earn fact stabex resourc financi protocol lomé iv increas nomin term compar lomé iii provis convent lead reduct basi calcul entitl transfer appli prescrib manner tabl show applic year lomé iv total loss earn compar refer level amount mio ecu result gross stabex transfer base mio ecu compar total stabex alloc mio ecu left total financ gap mio ecu procedur examin paragraph rais alloc mio ecu left coverag rate year gt tabl gt excess recent demand stabex system fact repres continu problem face system lomé iii applic year difficulti reflect except declin commod price recent year essenti trace continu expand product face stagnant slowli grow demand context acp state coffe cocoa affect declin price collaps agreement produc consum countri cover product real coffe price level cocoa price level gt tabl gt note insuffici resourc exacerb acp eec council decis novemb waiv requir acp state classifi develop repai circumst transfer receiv lomé convent amount transfer potenti repay amount mio ecu destin statu featur oper stabex system increas problem insuffici resourc compens loss export commun countri provis lomé iv convent articl claus fall export earn automat compens basi export stabex product destin commun case acp state earn product cover system export commun countri countri grant destin statu basi special derog previou convent continu enjoi statu lomé iv proport commun export earn burundi cape verd comoro ethiopia rwanda total export earn derog countri continu interim period year lomé iv extend year view shortag resourc constantli plagu system mainten derog cost total mio ecu applic year open question measur combat shortag stabex resourc order increas amount resourc stabex articl lomé convent interest earn member state contribut stabex system credit system resourc special account interest rate stabex contribut fact held account edf contribut notion interest rate calcul lack transpar system enabl commiss state applic year stabex interest financ transfer amount approxim mio ecu account edf account offic mio ecu resourc subsequ year reduc mio ecu lomé iv convent seri step applic year annual stabex instal interest earn insuffici cover transfer entitl place articl state advanc made year instal resourc total amount transfer base articl reduct transfer basi situat resolv procedur articl state council minist evalu situat basi commiss report probabl develop system examin step remedi situat term convent applic year decid acp eec committe ambassador basi articl increas edf stabex alloc mio ecu princip transfer stabex resourc alloc sysmin support acp mine instrument previou convent result oper advanc applic year instal util interest earn stabex fund total mio ecu made applic year cover financi system tabl applic year acp eec committe ambassador decid increas resourc year author advanc annual instal applic year addit advanc applic year total mio ecu made allow coverag rate tabl note recent annual report court auditor measur acp eec committe ambassador fall term convent transfer made sysmin stabex applic year provid gener term convent advanc annual instal annual instal directli applic year question provid convent european parliament develop cooper committe express concern procedur opinion discharg european develop fund account applic year commun agre make addit fund stabex cover shortfal year acp state reaction insist addit resourc made result februari acp state accept situat express reserv continu claim previou year compens deficit mio ecu connect acp eec council minist formal state futur compens cover year insuffici resourc question provis articl convent forthcom revis lomé iv acp state propos special mechan establish acp state receiv full transfer entitl amount shortfal transfer deduct debt european commun result continu insuffici stabex resourc acp eec committe ambassador agre octob studi carri find solut problem studi initi find issu novemb satisfactori action find solut alloc resourc countri applic year lomé iv total acp state alloc stabex transfer lomé iii acp state receiv stabex transfer detail transfer individu countri lomé iv annex tabl highlight princip stabex beneficiari lomé iii lomé iv gt tabl gt lomé iii quarter transfer côte ivoir share lomé iv fallen hand proport stabex transfer alloc main beneficiari countri remain high lomé iv lomé iii lomé iii acp classifi develop receiv stabex transfer lomé iv acp state categori receiv richest acp state continu alloc half stabex resourc situat relat natur stabex size transfer link volum agricultur trade european commun calcul stabex transfer assess transfer entitl respons commiss small divis viii exist purpos timet reliabl statist lomé iv convent articl impos tight timet complet assess transfer requir decid juli year applic year procedur lomé iv stabex transfer assess primarili basi commun import statist led consider improv stabex system oper complet assess refer statist acp state provid statist import make reduct provid articl procedur paragraph case acp state benefit destin statu paragraph note relat statist suppli acp state reliabl statist open question essenti due limit capac acp state statist servic convent articl statist cooper ensur effici rapid function stabex system cooper practic deadlin march set convent articl submiss statist acp state gener respect commiss frequent note anomali statist requir correct acp countri submit provision data date commiss deleg requir certifi correct statist data provid acp countri carri detail investig resourc gener insuffici reduct transfer entitl applic year provis articl lomé iv convent extens appli calcul stabex transfer entitl articl lai trend acp state product product question export destin export commun show signific consult place commiss acp state concern determin transfer basi maintain reduc reduc extent year transfer base reduc total mio ecu reduct call reserv stabex beneficiari handbook lomé iv state acp state fulli respons drop product export transfer base reduc percentag drop product export hand acp state partial respons drop amount transfer reduct diminish case loss earn due factor control acp state natur disast advers weather fall world market price reduct appli practic difficult quantifi drop product respons acp state due extern factor notabl drop world price frequent factor mismanag sector concern acp state vari degre affect situat consult process fact stabex divis commiss consider role determin size reduct made final transfer deleg commiss depart input process fact consult practic complet short time limit scope full investig extent factor caus drop product risk outcom consult influenc negoti capac weight acp state concern object technic consider financi control dg xx carri review reduct made articl calcul matter brought attent late stage procedur posit influenc negoti process review larg sampl transfer subject articl procedur show gener speak drop product result proport reduct transfer import except point côte ivoir mio ecu reduct fall market coffe product appli transfer basi commiss ground revis côte ivoir statist led mio ecu reduct commiss brought level reduct conduct enquiri amount reduct influenc negoti calcul base pure technic factor laid convent cameroon transfer base reduc fall cocoa fall case coffe led mio ecu reduct transfer base commiss consid fall product result structur adjust polici support made reduct act fact reduct product object structur adjust cameroon receiv payment commun assist adjust process error note calcul stabex transfer case note transfer incorrectli calcul overpay ecu made uganda coffe transfer incorrect treatment previou advanc payment made repli paragraph court annual report financi year commiss initi procedur notifi budget author recov ecu wrongli paid uganda amount deduct transfer respect year applic end quarter commiss court proof actual recoveri amount concern transfer basi coffe burundi underst mio ecu arithmet error calcul due calcul error partli attribut confus data suppli acp state transfer applic year made lesotho mohair wool combin transfer base product amount mio ecu error point stricter check financi control impact product qualiti price acp countri deterior product qualiti result factor lack invest agricultur input inadequ extens facil shift plantat smallhold product import note drop qualiti essenti respons produc countri signific fall price convent deal exclus quantiti price provis take account part plai declin qualiti fall price payment stabex transfer lomé iv convent requir transfer agreement sign fund paid ecu interest bear account previou convent total amount transfer paid directli acp state transfer agreement sign meant commiss control actual util fund arrang result practic lomé convent refer requir commiss joint signatori practic head deleg commiss acp state concern transfer made account signatori commiss creat level manag edf fund control commiss recogn edf financi regul subject approv author offic edf account offic financi control lomé convent locat ecu account stabex transfer case structur adjust transfer articl commiss posit argu analog ecu account open europ ground fund secur europ ecu interest rate higher everydai manag tier joint signatori account establish acp state enabl payment local currenc made final ensur oper account commiss insist separ account account open applic year mechan make manag commiss deleg cumbersom relat increas resourc featur system consider delai payment transfer statist tabl origin payment made immedi sign transfer agreement part complet immedi transfer decis practic applic year median time payment european bank account carri transfer decis half month applic year time requir half month lomé iv convent advanc transfer fund prior end year applic basi estim loss advanc made previou convent main reason difficulti determin size advanc situat insuffici resourc requir transfer level scale gt tabl gt improv payment time applic year delai natur articl lomé iv convent specif state acp state concern commiss step requir ensur rapid advanc transfer essenti reason delai length time open ecu bank account case acp state note convent requir ecu account open europ wish open ecu account countri fact commiss guidanc note express prefer european locat account readi admit except principl account open europ accept applic year requir account account open applic year led longer payment delai practic acp state made respons open bank account convent stabex beneficiari handbook silent respons open account question settl acp state make arrang rapidli delai pai fund european bank account acp state earn signific amount interest fund account larg result subsequ delai implement stabex oper estim total interest earn account amount mio ecu decemb interest earn higher acp state requir bank tender placement stabex fund countri madagascar chose virtual case interest paid european bank stabex moni deposit approxim acp state subsequ transfer fund account local bank pai interest requir convent articl burundi estim payment interest stabex led loss incom mio ecu month juli septemb prepar framework mutual oblig provis convent util fund conceiv stabex simpli system acp state provid compens loss export earn articl lomé iv convent refer aim remedi harm effect export earn transfer payment made acp state afford assist macroeconom level notabl compens loss foreign exchang provid balanc payment support maintain import level servic extern debt stabil function stabex emerg requir lomé iv convent rapid implement stabex transfer articl restrict transfer requir order attain object laid articl transfer devot accord framework mutual oblig agre acp state concern commiss case sector interpret widest sens record loss export earn benefit econom oper affect loss diversif product sector principl agricultur process agricultur product stabex requir term convent sector context articl note transfer adjust oper support reform take place sector question requir articl lomé convent transfer sector affect loss earn base principl stabex transfer gener drop export earn relat specif product logic link util transfer sector affect loss macroeconom level term aid instrument lomé convent stabex sector role complement macroeconom vocat structur adjust fund intervent project level nation indic programm loss export earn tackl order reduc transfer sector question observ made principl acp state import stabex product economi loss export earn sector concern impact macroeconom sector level establish specif instrument uniqu vocat nation indic programm fund lomé iv extens support structur adjust programm element uniqu instrument fact vocat criteria determin elig aid instrument argu transfer direct sector declin potenti growth present econom orthodoxi promot africa emphasis desir market alloc fund reli assist public fund independ issu note fundament contradict exist hand aim stabex quick disburs instrument polici invest transfer agricultur sector order bring long term solut problem face sector argu nation indic programm nip implement timefram year suitabl instrument approach flow stabex fund countri period year difficult predict amount nip fund fix begin year period make plan medium long term invest easier nip fund stabex fund actual applic stabex fund debat length commiss year convent notabl seek insist sector vocat stabex wish broad macroeconom context provid balanc payment budgetari support fact util stabex transfer lead gener counterpart fund fuell debat acp state formul opinion util transfer attempt account circumst februari commiss initi stress sector role stabex subsequ consider emphasi link coher stabex structur adjust procedur prepar framework mutual oblig fmo propos util fund submit acp state commiss examin jointli articl agreement reach acp state commiss sign protocol set framework mutual oblig articl substanti analysi document provid articl fourth lomé convent call inform analysi examin problem encount sector polici pursu acp state sector analysi ensur acp state put clear polici place prior determin specif measur financ substanti analysi document intend basi draft fmo document support stabex beneficiari handbook gener guidelin issu commiss acp state state precis requir substanti analysi note framework mutual oblig repres complet procedur commiss develop guidelin format content document februari checklist main point includ fmo establish identif june fix claus includ fmo final propos outlin fmo issu document systemat distribut acp state requir make propos delai prepar fmo case payment stabex transfer acp state european bank account stage prepar util stabex fund requir consider time origin foreseen foreseen draft fmo time transfer decis median time applic year transfer decis signatur fmo applic year amount month fmo countri sign twelv month transfer decis fmo median time requir increas month fmo côte ivoir sign month transfer decis countri sign fmo end juli month transfer decis identif oper financ actual choic measur financ frequent subject lengthi negoti acp state commiss acp administr acp state commiss suppos consult donor propos ensur proper coordin negoti consult inevit requir time process extend result differ view admiss desir propos stabex case relat acp propos utilis fund directli support price stabil fund commod financ numer individu project gener commiss accept approach case stabil fund sought persuad acp state adapt domest commod price world price encourag pursu sector approach aim overcom problem sector tradit project approach limit result process prepar fmo made longer substanti analys carri acp state prove limit util case overli concis central african republ tanzania ethiopia submit late ghana kenya madagascar case submit côte ivoir ethiopia uganda observ shortcom due failur individu acp state sector polici consist produc adequ propos util stabex fund redesign sector polici reflect structur adjust programm examin govern contribut delai part commiss occas found posit experi sector concern transfer evalu propos made acp state contribut polici formul size transfer meant consider plan effort requir absolut size transfer size transfer rel edf aid indic addit workload involv commiss deleg countri combin stabex transfer applic year amount nation indic programm nip alloc cover year financi protocol lomé iv appendix countri transfer greater nip alloc côte ivoir cameroon papua guinea fact fmo take averag significantli longer prepar fmo due time requir implement fmo gener desir evalu exist oper prepar fmo risk build stabex transfer wait disburs transfer gener quickli fund disburs case result delai take transfer decis applic year caus hesit acp countri condition negoti util fund condition attach releas fund acp state import factor slow prepar fmo concept make util transfer condit acp state respect commit stabex convent spell notion condition hint articl phrase framework mutual oblig acp state adapt dimens stabex easili accept specif condit commiss desir attach releas stabex fund case focus liber sector concern transfer reserv part acp state technic reason connect specif propos put forward reform polit reason ow threat pose reform process interest group requir consider negoti overcom commiss care identifi commit suffici import implement impact sector avoid insist commit compli fund block commiss procedur process negoti acp state commiss consider time commiss period requir depart approv propos deleg stabex servic structur adjust unit geograph servic chief author offic slow final fmo reconcil differ opinion depart concern util contribut delai specif procedur delai process approv initi commiss view fmo sign commiss deleg behalf commiss septemb onward interpret articl convent appli fmo sign chief author offic approv commiss fmo finalis signatur requir submit member state inform period month elaps fmo sign fact case identifi member state rais question stage procedur supplement consult deleg member state repres acp state draft fmo essenti lastli note convent effort ensur stabex fulfil vocat quick disburs instrument lai strict deadlin establish transfer right make transfer decis deadlin exist implement subsequ stage system hand annex xlvi convent state contract parti agre adopt simplest procedur applic articl articl view make transfer acp state swiftli broader deleg power commiss deleg boost resourc increas post audit desir util stabex transfer financi implement framework mutual oblig decemb commiss central depart inform payment ecu account disburs stabex counterpart fund commiss reason monei paid edf account properti acp state valid view behov commiss monitor actual implement system respons manag complet order overcom lack inform court request commiss deleg respons acp state receiv lomé iv stabex transfer provid inform final stabex disburs octob year transfer decis applic year inform suppli deleg estim transfer applic year concern mio ecu mio ecu paid acp state european bank account tabl disburs octob correspond implement rate import rate context firstli disburs intend compens effect loss revenu suffer year earlier total fund disburs concern countri côte ivoir cameroon disburs rate countri disburs rate burundi ghana papua guinea tanzania eighteen countri disburs rate half made disburs benin burkina faso kiribati mali sao tomé sierra leon togo tuvalu western samoa exclud côte ivoir cameroon averag disburs rate annex ten countri intend ecu payment creat counterpart fund local currenc total approxim mio ecu amount local currenc equival approxim mio ecu disburs octob util rate annex european bank account stabex transfer gener signific amount interest estim approxim mio ecu decemb top origin transfer applic year concern octob month transfer decis year financi year loss export earn occur mio ecu mio ecu paid acp state european bank account disburs repres implement rate major payment made côte ivoir mio ecu countri cameroon uganda commenc disburs situat larg explain fact octob fmo recent sign sign paragraph analysi alloc stabex fund tabl summar main stabex transfer provid fmo sign decemb gt tabl gt paragraph highlight issu arisen implement examin reason slow disburs specif countri import programm gener import programm east african countri alloc major stabex transfer gener import programm gip gt tabl gt choic import programm consid loss earn led reduct foreign exchang import countri convert currenc loss foreign exchang problemat expect import programm permit rapid disburs fund stabex intend sector instrument expect transfer support sector gener import programm gener import programm prefer commiss reason link util stabex fund gener import programm financ edf structur adjust fund strengthen commun support structur adjust process gener import programm greater harmoni polici liber foreign exchang mechan pursu structur adjust programm sector concern posit absorb larg sector import programm gip give rise counterpart fund alloc agricultur sector tanzania stabex fund support gip mio ecu lomé iv structur adjust support fund alloc oper consid success initi delai occur sign fmo septemb due agreement govern commiss disburs structur adjust fund full alloc mio ecu stabex transfer disburs march septemb good product natur requir fmo contrast util fund gip uganda block august time mio ecu alloc disburs countri requir aid half estim figur countri prefer make support measur allow counterpart fund creat channel directli treasuri budgetari support util structur adjust fund suffer consider delai burundi mio ecu stabex transfer ad structur adjust fund mio ecu financ gip plan mio ecu disburs month octob month signatur fmo util structur adjust fund begin document justifi util stabex fund put tranch stabex transfer mio ecu releas juli document justifi util oil import submit burundi author decemb tranch releas march support document provid septemb delai involv justifi view fact financ import larg retroact larg attribut administr ineffici problem find import document compli edf regul notabl certif origin pro forma invoic circumst clear stabex fund gip balanc payment support requir import compli edf regul cosmet exercis effect gener pointless administr cost fourth countri ghana fmo allow stabex transfer mio ecu made directli bank ghana increas exchang reserv gip fmo sought attach condit releas result counterpart fund basi fact ghanian currenc intern convert approach clear advantag acceler disburs stabex fund rais question degre currenc convert requir countri polici implement unclear ghana gip disburs structur adjust fund requir stabex resourc increas liber foreign exchang market african countri invalid gip sip approach strict requir support document sector import programm countri alloc stabex transfer larg sector import programm main countri concern ethiopia rwanda kenya mauritania madagascar ethiopia establish sip sector gener stabex transfer coffe leather sector shown tabl gt tabl gt fmo drawn context emerg recoveri reconstruct programm financ donor launch juli countri emerg civil war approxim fund devot quick disburs oper errp notwithstand possibl simplif offer articl lomé iv approxim half suppli purchas subject edf procur procedur unfamiliar beneficiari procedur consider workload involv numer delai meant suppli deliv octob month sign fmo larg alloc fund transport sector partli intend overcom transport difficulti face crop object achiev short term provis spare part vehicl stabex fund alloc directli coffe leather sector applic sector amount concern fund hand applic receiv fund alloc agricultur diversif oper coffe leather sector sector import programm agricultur sector fund specif direct coffe leather sector fmo sign august sought tackl problem slow tender procedur enabl oper target urgent rehabilit follow similar procedur establish emerg assist contract articl lomé iv end implement programm start effect chang procedur decis rwanda nation administr east african countri examin paragraph wish fund financ gip commiss insist implement sip programm sought provid urgent need input sector affect loss earn princip coffe intend input made octob begin season octob mio ecu mio ecu reserv sip part fmo disburs delai due intern tension face countri weak administr unsuit lengthi edf tender procedur kenya sector import programm agricultur sector initi adopt author felt absorpt capac coffe sector loss occur decid import agricultur sector determin market januari respond consid author emerg situat context complet revis fmo mio ecu realloc emerg fertil import programm design meet cereal plant season quarter programm encount number problem kenyan author overestim amount fertil requir fail account fertil import privat sector commiss effort acceler tender procedur deliveri place partli result difficulti encount tender evalu stage devalu kenyan shill late deliveri fertil surplu consign sold import price mauritania sector import programm mio ecu financ purchas good servic fisheri sector suffer loss earn programm launch august end octob mio ecu privat sector firm resent requir suppli cost ecu subject tender procedur practic accustom order round requir import split make purchas correspond vessel singl tide ecu case madagascar world bank carri restructur programm main sector coffe vanilla gener transfer decid alloc transfer import programm support manufactur firm signatur fmo juli tranch programm mio ecu disburs justifi octob februari order ecu inadequ document prove frequent problem regard certif origin octob tranch releas govern failur meet condit laid fmo util counterpart fund countri stabex fund financ gener sector import programm provid balanc payment support counterpart fund gener programm repres import sourc assist counterpart fund result stabex oper explicitli laid lomé iv commiss guidelin notabl articl insist accord provis govern stabex system specif util agre relev fmo articl approach reflect signific counterpart fund acp state economi desir ensur util effect control creat slow stabex implement countri counterpart fund sector gener stabex transfer ghana mio ecu rais counterpart fund pai end servic entitl approxim staff affect redund ghana cocoa board ensur exercis correctli implement payment made tranch subject extern audit major problem identifi occas tanzania counterpart fund gener gip alloc support price paid coffe produc aim maintain confid sector approxim farmer benefit scheme payment made august octob gener provid increas domest price season scheme carefulli design ensur payment reach farmer reward produc qualiti coffe scheme consid success south countri payment farmer receiv doubt coffe product revit burundi local currenc equival mio ecu gener gip fmo alloc amount specif util simpli state prioriti area fact octob fund gener disburs disburs equival mio ecu involv support prioriti area coffe stabil fund hard currenc fund alloc purpos prove insuffici paragraph uganda fmo set indic alloc mio ecu counterpart fund gener tranch gip fund alloc cotton sector mio ecu form crop financ revolv fund coffe sector mio ecu oper coffe sector assist coffe market board proceed satisfactorili cotton crop financ revolv fund experienc difficulti octob mio uganda shill ush lent mio ush repaid result organ benefit loan lint market board default repay mio ush difficulti encount arisen continu fall world cotton price fact time commiss limit knowledg ugandan cotton sector contrari provis fmo alloc counterpart fund decemb mio ush disburs support armi retrench programm involv demobil soldier util stabex fund scope instrument countri fmo alloc part counterpart fund sector gener transfer ethiopia counterpart fund context errp prioriti attent local cost errp local expenditur errp social fund emerg natur programm counterpart fund spent octob madagascar counterpart fund gener tranch sip support nation budget cover prioriti area health educ public work usag foreseen stabex correspond polici agre context madagascar nation indic programm approv council resolut adopt counterpart fund whichev instrument gener consist fashion similarli rwanda counterpart fund support nation budget accord agreement util counterpart fund reach rwandan author princip donor countri due larg amount low disburs rate nation treasuri stabex counterpart fund disburs octob kenya fmo provid counterpart fund alloc coffe sector case transfer tranch mio ecu counterpart fund gener sip contribut commun continu larg scale support countri cereal sector reform programm csrp difficulti encount implement csrp remain mio ecu counterpart fund gener realloc coffe sector spite sector limit absorpt capac disburs suspend pend agreement kenyan govern commiss reform polici coffe sector intern debt relief measur acp state convert currenc stabex transfer provid mean eas balanc payment difficulti financ import programm countri franc zone primarili transfer tackl financi difficulti face coffe cocoa sector countri stabil fund compens fall world price late domest price reduct insuffici surplus gener earlier year purpos price stabil system end bankrupt threaten collaps crop market system produc bank export place grow burden state financ persist overvalu cfa franc exacerb problem author franc zone prevent govern react increas monei suppli stabex fund emploi address intern debt problem arisen mismanag agricultur price stabil scheme côte ivoir cameroon lesser extent central african republ case grant commun aid made subject specif commit govern reform sector concern chapter cameroon stabil board oncpb bankrupt result govern consist polici maintain produc price coffe level consider higher world price fallen steepli preserv system administr fix price intermediari system buyer factori export set level consider higher actual cost coffe cocoa sector virtual paralys result oncpb debt econom oper estim mio fcfa mio ecu respons situat donor support cameroon govern effort reform sector concern paragraph provid major financ sector debt paid commun contribut mio fcfa mio ecu half fund need lomé iii stabex transfer applic year time foreseen restructur process complet financi equilibrium restor stabex intervent delai adjust domest price world price result arrear gener situat commiss decid part stabex transfer cameroon pai arrear insist final year stabex fund total mio fcfa mio ecu alloc fmo purpos result produc receiv payment sum mio fcfa mio ecu cover debt stabil fund mio fcfa mio ecu cover export fmo provid explicitli reimburs princip support arrear result delai occur process reform sum mio fcfa mio ecu paid directli export order cover past claim harvest interest ow bank export repai loan gener stress difficult judg payment made justifi case oper consider scope econom oper manipul system virtual imposs establish sale place administr fix price bear relat real cost problem oper debtor creditor oncpb larg amount contribut fmo juli estim debt stabil board amount approxim mio fcfa half ow export price support measur time oncpb held signific asset notabl properti cameroon franc govern pai creditor proportion reduc draw stabex fund commiss maintain firm posit cameroon author negoti fmo insist stabex transfer mio ecu encourag develop product coffe cocoa sector promot rural sector gener côte ivoir mio ecu stabex transfer pai intern debt relat coffe cocoa sector rise stabex transfer cotton rubber sector measur part world bank agricultur adjust programm macroeconom level econom recoveri programm seek restor balanc public financ clear intern extern arrear govern relat coffe cocoa sector cameroon mainten guarante price produc consider higher world price caus stabil fund cssppa indebt econom oper fact lomé iii côte ivoir receiv mio ecu stabex transfer time indebted treasuri central bank bceao risen mio fcfa mio ecu author franc zone set ceil mio fcfa proport debt incur treasuri decis bui back stock low qualiti coffe cocoa coffe cocoa season origin purchas export unabl sell export found unabl repai bank turn unabl repai bceao refinanc loan season june restor degre liquid sector complet harvest treasuri purchas stock price export paid dispos seri agreement reach june decemb state bceao local bank export solut problem found principl stabex support allow parti concern part harvest spite agreement elimin overhang past mio fcfa mio ecu approxim fund fmo amount repres total stabex transfer made acp state applic year paid novemb reduc treasuri debt bceao reason justifi util oper link coffe cocoa sector extent contribut indebted alloc signific proport stabex transfer clear deficit treasuri central bank contrari commiss directli relat function sector contrari constitut major macro econom support state financi deal practic correct consequ riski past polit financi decis constitut dubiou stabex compar intend role addit approxim mio ecu alloc pai cssppa debt bank mio ecu compani local insur firm mio fcfa mio ecu alloc cotton rubber sector reduc debt cssppa state sector result failur pai export subsidi cidt receiv mio fcfa mio fcfa paid compani involv rubber product payment fact constitut main singl util lomé iv stabex fund diversif purpos stabex fund field problemat system export subsidi larg respons debt cfa franc valu payment made allow sector surviv devalu eventu place januari fmo côte ivoir provid larg oper pai intern debt total oper amount mio fcfa mio ecu total transfer mio ecu consist cssppa debt vat marin insur mio fcfa repay export subsidi debt cidt mio fcfa repay export subsidi rubber sector mio fcfa fund cover commit past met state price stabil countri stabex transfer stabil support domest produc price stabil object stabex consid natur stabex transfer poor manag stabil fund countri made difficult area alloc fund lomé iv countri make greatest stabex transfer price stabil support lomé iv papua guinea png transfer alloc purpos fmo mio ecu fmo mio ecu repres continu png polici lomé iii commiss readi support util basi stabil fund png manag past transfer disburs end repres mean ensur rapid disburs mechan succeed transfer fund smallhold plantat govern png provid signific contribut result product countri main export crop coffe cocoa copra palm oil increas period basic viabl heavili indebt estat continu busi help stem rural urban drift countri suffer util stabex resourc problem origin intend price reduc world market level year period chang govern mid led support price frozen subsid level price stabil polici intend give agricultur sector time step competit limit progress made area govern fact transfer fund agricultur invest price support reason social stabil sustain scheme appear question stabex transfer expect declin subsequ year pacif state kiribati vanuatu stabex transfer price stabil africa fund purpos limit number case main countri cameroon côte ivoir burundi fmo cameroon provid total mio fcfa mio ecu made stabil purpos great major fund mio fcfa provid support robusta coffe price fund aros govern set price high level relat world price maintain price level season continu fall world price govern undertak made part restructur coffe cocoa sector reduc domest price reflect world price loss estim mio fcfa mio ecu stabil fund unwarr withdraw treasuri reduc reserv fund made stabex fund unavoid case repay intern debt commiss refus provid support stabil fund fmo côte ivoir fund provid stabil purpos fmo fmo alloc mio fcfa purpos fact condit fmo côte ivoir releas resourc cover deficit coffe cocoa sector harvest order preserv credibl ey acp partner commiss desist inconsist action refus compromis question principl kind burundi mio ecu hard currenc provid price stabil purpos amount mio ecu provid fmo suppli hard currenc fund payment made local currenc justifi court spot audit septemb octob paragraph equival mio ecu counterpart fund gener gip price stabil commiss accept support provid stabil fund clear inform fund oper actual fact support help maintain price system wider restructur sector sought reform approxim mio ecu fund provid local currenc stabil fund burundi author respons stabil fund intervent coffe sector agre advanc commiss project number countri stabex transfer financ project design assist sector loss occur agricultur sector smaller countri alloc bulk stabex resourc develop project case amount transfer small compar stabex transfer relat countri nation indic programm larg grenada vanuatu solomon island western samoa amount concern provid opportun measur clear impact sector question implement consider workload small commiss deleg countri time case disburs tend slow fmo provid financ fewer project solomon island decemb month sign fmo disburs amount transfer amount main project financ smallhold develop programm schedul complet larger countri uganda burundi includ agricultur develop project fmo implement rate case gener slow addit burden deleg implement acp state commit principl condition relat stabex financi assist economi acp state suffer loss export earn essenti part role plai stabex encourag acp state reform economi sector relat stabex product import stabex lomé iv innov consist make util stabex transfer condit acp state fulfil commit laid fmo subordin util stabex fund seri condit lomé iv reflect increas recognit donor number aid project programm fail past excess larg imbal sector activ macroeconom level recipi countri consid acp state implement reform sector suffer export loss benefit sector stood gain stabex transfer risk greatli diminish approach conceptu sensit extent commiss place condition elig acp state stabex transfer establish term convent acp state suffer loss export earn entitl transfer deni commiss introduc condit util resourc question chapter review subordin releas fund fulfil condit practic type condit gener condit attach util stabex transfer oper level gener commit specif commit financi administr provis condit correspond found structur adjust support programm gener commit refer acp state continu adher structur sector adjust measur agre donor specif commit involv undertak agre acp state context fmo financi administr provis concern requir relat implement individu stabex oper submiss document import programm fund releas import fmo gener specif commit acp state reform coffe cocoa sector acp state mismanag sector govern market board stabil fund contribut significantli crisi sector found commit includ measur aim liber intern extern market reduc role state manag sector establish financi equilibrium sector adjust domest price world price ensur produc obtain fairer share export price increas influenc privat sector produc decis affect sector concern improv qualiti crop notabl price incent qualiti control decid condit attach releas stabex fund commiss find balanc condit chosen suffici weight lead signific reform demand prevent acp state implement block stabex disburs scope condit laid fmo evid requir fulfil vari consider countri countri côte ivoir cameroon detail condit laid compon financ specif document requir proof measur countri ethiopia ghana papua guinea condit wide rang proof requir implement state gener exist structur adjust programm countri facilit set condit condit relat sector concern adjust programm case côte ivoir uganda respect condition macroeconom condit countri gener commit includ pursuit macroeconom polici establish context structur adjust programm practic extent commiss link respect polici releas fund vari countri rwanda govern commit fmo implement structur adjust programm stabex fund continu disburs donor suspend fund structur adjust programm govern failur compli adequ contrast madagascar gener specif commit made fmo base countri implement structur adjust measur commiss firmer posit disburs tranch stabex sip suspend approxim month pend draw satisfactori budget involv cut fund consid white eleph project countri stabex payment continu edf suspend disburs structur adjust support cameroon stabex transfer mio ecu releas releas lomé iv structur adjust fund suspend end countri failur respect structur adjust programm kenya stabex transfer applic year amount mio ecu releas fact donor includ commun block releas quick disburs fund polit situat countri fact carri reform includ fmo commit limit number countri undergo structur adjust constitut discriminatori treatment acp countri point commiss establish clear polici regard relationship stabex structur adjust support case countri benefit instrument decid failur compli structur adjust programm lead suspens stabex transfer stabex consid quick disburs instrument similar function balanc payment support structur adjust aid continu stabex disburs case structur adjust support suspend consid inconsist polici undermin donor coordin sector level reform level sector reform complianc gener specif condit laid fmo prove problemat situat explain number factor notabl fact reform envisag frequent consider scale affect kei sector economi circumst commiss decid condit adequ respect face contradictori object seek maintain stabex tradit role quick disburs instrument ensur condit met impli block disburs period case difficult decis term acp state made progress restructur sector concern specif condit form part reform adequ fulfil côte ivoir restructur coffe cocoa sector carri wider framework countri agricultur sector adjust programm led notabl effect liber intern market gener commit fmo liber extern market concern progress made situat specif commit remain unclear doubt exist programm de vent anticipé la moyenn pvam fulli introduc cssppa implement electron system design make csspa award contract export transpar uncertainti cssppa reduc direct sale total export requir doubt part commiss complianc condit area stabex fund releas period blockag problemat natur releas demonstr fact implement pvam electron mail system includ condit fmo reluct part cssppa commun inform state reform due commerci sensit natur inform technic natur reform made commiss task difficult technic assist provid aproma consult monitor implement reform perform valuabl role aid commiss task tanzania signific progress made restructur coffe sector bill liber coffe sector pass august virtual hard currenc compon fmo disburs fact liber sector gener commit govern specif commit fmo concern organ export divis tanzanian coffe market board ration signific problem remain export procedur notabl relat limit number buyer access auction cameroon fmo aim liber coffe cocoa sector major reform abolit oncpb replac smaller organ part plai market export cocoa coffe role limit monitor check qualiti product replac onpb oncc gener condit fmo effect function oncc satisfactori implement liquid defunct oncpb condit releas tranch stabex transfer oncc establish consider misgiv part donor function relat size budget salari cost travel expens expenditur furnish rehabilit accommod manag appear excess commiss situat justifi block delai stabex disburs liquid oncpb mark slow progress partli result govern reluct relinquish asset donor commun financ liabil dismiss liquid cameroon author failur replac satisfactori period time commiss block util fmo stabex system commiss withdraw stabex transfer acp state entitl establish balanc transfer fmo releas condit satisfactori liquid oncpb papua guinea condit fmo adequ respect provid establish industri corpor run cocoa copra oil palm sector line coffe industri corpor result industri corpor set cocoa copra sector palm oil industri corpor invest intend function condit repeat fmo condit fmo govern step improv extens train research sector question framework establish evalu progress condit repeat fmo assess made progress date fact progress made limit problem encount partli explain failur releas fund tranch subject implement condit fmo caus lack formal structur adjust programm condit kenya commiss found face govern clear abandon undertak liber maiz sector case commiss view suspens stabex transfer bring govern chang posit order maintain stabex quick disburs function fund alloc coffe sector amend fmo impos sector polici reform condit releas mio ecu hard currenc financi administr condit fmo contain fix claus effect stabex fund alloc acp state purpos prescrib fmo condit compli implement fmo halt recommenc sum question transfer ecu european bank account fundament condit govern util stabex fund satisfactorili respect acp state fmo provid util stabex fund import programm contain seri condit implement programm design ensur competit supplier suppli origin commun acp state condit govern implement procedur import programm gener provid open procedur tender appli applic excess mio ecu restrict invit tender issu applic exceed ecu condit gener correspond commerci practic countri concern import prefer continu deal tradit supplier result condit satisfactorili compli kenya supplier split purchas avoid constraint mauritania consider time ensur document gather compli competit condit burundi lesser extent provis document rule origin pose problem madagascar burundi financi account procedur legal framework implement stabex oper implement stabex lomé iv creat approach manag edf fund adequ laid relev regul intern procedur main ambigu fact stabex transfer consid belong acp state transfer establish actual util approv commiss procedur disburs requir conform edf rule financi provis fmo fact edf procedur retain relat stabex fund spite provis articl convent stabex transfer belong acp state effect slow disburs stabex fund case suppli good case direct import good edf procur procedur requir open intern tender held caus delai implement fmo ethiopia kenya rwanda case foreign exchang made order enabl govern central bank meet firm import demand incongru situat stabex transfer belong acp state disburs subject edf procedur address revis provis lomé convent consid make elig stabex transfer depend acp state suffer loss export earn satisfactori util fund time wai simplifi edf procedur implement stabex consid function doubl signatur account signific financi procedur stabex lomé iv requir transfer paid account held acp state disburs made gradual oper implement subject author commiss deleg nation author offic system form decentralis level control manag edf fund normal legal requir disburs approv financi servic commiss bypass principl acceler form disburs case disburs subject accept commiss condit fmo respect compar previou convent establish doubl signatur account undoubtedli contribut commiss improv control stabex util lomé iv spot audit court reveal difficulti function system papua guinea png found ecu interest stabex transfer transfer png ecu account europ author deleg account local stabex account similarli interest stabex transfer amount ecu account central bank profit loss account stabex account burundi found deleg agre system allow releas fund ecu account deleg signatur note case burundi cameroon papua guinea deleg experienc difficulti obtain regular bank statement doubl signatur ecu account repres import element allow deleg ensur doubl signatur system function satisfactorili step ensur deleg receiv bank statement bank europ counterpart fund deleg respons nation author offic implement procedur counterpart fund aris stabex financ import programm gener actual gener counterpart fund place satisfactorili main except note rwanda octob counterpart fund deposit amount approxim mio ecu mio rwandan franc estim sum order mio ecu mio rwandan franc deposit date counterpart fund account requir interest bear case burundi ethiopia rwanda partial case ghana kenya tanzania result loss counterpart fund high inflat rate countri concern addit stabex counterpart fund requir held separ account counterpart fund subject system condit mobil provid articl fourth lomé convent countri case ghana madagascar tanzania commiss keep stabex fund separ account fact desir gener polici regard counterpart fund consolid account financi monitor stabex commiss edf account system show implement stabex transfer payment acp bank account europ shown chapter commiss deleg consider task implement monitor stabex fund acp state formal system exist deleg account util stabex fund commiss ensur deleg account adequ util stabex fund central servic establish system consolid financi implement fmo order enabl discharg author posit assess implement stabex financi implement stabex individu acp state report edf annual financi statement produc supplementari inform financi statement commiss includ inform counterpart fund inform includ commiss annual report member state oper stabex report set intent state fmo ambigu actual implement measur provid monitor evalu lome iv stabex provis stabex lomé iv aim princip enabl detail control stabex resourc util import aspect establish monitor evalu framework ensur fmo implement foreseen provid evid assess object achiev arrang gave commiss deleg respons monitor stabex oper deleg technic assist gener paid stabex fund case import programm technic assist monitor programm financ structur adjust fund limit resourc deleg special expertis monitor technic detail aspect reform support stabex transfer advis deleg make wider technic assist possibl take local technic assist fmo frequent provid establish steer committe made repres acp state commiss deleg overse implement fmo number case committe fail fulfil role assign burundi madagascar papua guinea uganda order improv contribut made committe satisfactori function includ condit fmo commiss central servic plai limit role dai dai monitor stabex gener left deleg contact commiss ad hoc basi matter felt warrant attent central servic aris approach consid desir deleg formal report central servic ensur clear overview stabex oper countri report system oper annual basi exist nation indic programm project adapt stabex oper carri acp state previou convent lomé iv convent requir acp state send report commiss made fund transfer month mobil resourc acp state deadlin chosen assumpt oper financ substanti complet year fund transfer major countri case partli explain countri submit report timefram foreseen submit tendenc report unduli concis limit simpli list summar payment made ivori coast papua guinea establish standard framework report desir order improv present content facilit report order assess impact stabex individu countri fmo systemat evalu oper financ potenti repres import step improv effect stabex end slow implement rate fmo meant virtual evalu carri addit commiss plan evalu stabex instrument desir global evalu stabex place evalu inadequaci system resourc produc definit result conclus gener context implement stabex system continu rise world output main commod support stabex system coffe cocoa price commod fallen level fourth lomé convent enter forc background intern agreement conclud produc consum countri product view stabil price collaps stabex resourc mobil midst gener crisi background larg scale shortag public fund time acp countri behest intern monetari fund world bank made pain effort restor intern financ budget extern balanc payment balanc oblig carri structur reform grave socio polit consequ countri franc area overvalu cfa franc increas cost factor product cancel larg part effort improv product exist excess rigid system guarante price produc creat unbear financi burden countri difficult gener environ commun mechan lomé iv offer limit number countri system compens loss agricultur export countri conclud cooper develop agreement commun exclud stabex system take appear select support instrument unlik mechan intern agreement basic commod make contribut improv situat produc countri tackl structur question world overproduct commod global basi econom system laid convent lomé convent stabex system short term econom instrument intend smooth irregular cycl product market basic agricultur product includ mechan reconstitut resourc boom time gave principl measur perman fourth lomé convent abandon notion reconstitut favour mechan repay subsidi combin commun overse fund mean framework mutual oblig spite chronic inadequaci resourc convent retain system beneficiari entitl compens full export loss difficulti encount year attempt increas amount resourc alloc system mechan calcul transfer entitl moder correct procedur leav room negoti effect rel strength result countri deriv excess benefit hand convent make revenu loss caus fall qualiti product continu respons acp state similarli except expens statu grant state histor reason destin statu convent made provis respect made convent introduc contradict object fundament aim remedi export loss framework mutual oblig attempt deal loss long term measur nation indic programm convent retain principl sector approach econom context risk inconsist structur adjust polici appli final introduct framework mutual oblig bring long draft implement period depriv stabex mecahn characterist short term rapid disburs instrument convent provid alloc consider amount stabex fund gener programm sector import programm result provid framework manag consider quantiti counterpart fund programm gener annex stop counterpart fund alloc time oper alien object stabex system financi manag financi manag system continu lack transpar spite mechan present account laid intern financi agreement enter account financi interest produc system resourc defici whilst mechan boost alloc case question edf account end decemb annual tranch stabex fund applic year mio ecu mio ecu convent payment enter account edf overst actual made transfer treat payment made intermedi bank account open beneficiari acp state final payment commiss consolid inform made transfer counterpart fund implement framework mutual oblig rise level manag edf appropri subject control procedur prescrib financi regul compar oper import programm financ instrument subject financi regul framework mutual oblig burden commiss deleg consider amount preparatori monitor work support reform programm staff number reassess light extra work technic assist implement stabex transfer lomé iii divis resourc amoungst beneficiari continu unbalanc countri tabl receiv transfer year decentr mechan prepar implement framework mutual oblig experienc delai caus intervent central depart preparatori stage affect contrast posit adopt vari countri financi instrument question choic oper financ observ condit govern releas fund concern stabex fund orient oper intend clear past error make invest sector sector real prospect debat alloc fund facilit presenc counterpart fund accompani import programm transfer serv make poor manag public bodi debat choic monetari polici fault viabil price support system detriment produc stabex remedi institut weak beneficiari countri statist cooper substanti analys sector affect loss revenu delai implement framework mutual oblig slow evalu provid fmo purpos assess impact financ draw conclus futur oper assess spite question capac stabex system make loss incom caus world wide factor strongli influenc product countri part system brazil provis lomé convent made edf progress direct greater control fund mobil main question remain settl matter prioriti inadequaci resourc object complementar edf financi instrument final question introduct genuin mechan monitor framework mutual oblig give discharg author precis faith overview implement report adopt court auditor court meet april court auditor andré midddelhoek presid articl lomé convent articl lomé ii convent articl lomé iii convent articl lomé iv convent implement year burundi côte ivoir papua guinea solomon island tanzania articl fourth lomé convent articl lomé iv convent agricultur product wood rough squar wood sawn wood shrimp prawn squid octopu cuttlefish percentag principl develop landlock island acp state articl lomé iv convent lomé iv refer level base averag export earn calendar year prior applic year year highest lowest figur articl articl lomé iii convent articl lomé ii convent primari commit correspond decis commiss transfer amount countri receiv loss earn relat product secondari commit made transfer agreement sign commiss acp state countri concern sudan mio ecu haiti mio ecu malawi mio ecu articl fourth lomé convent stress import respect human right whilst articl treati maastricht formal establish link develop cooper respect human right articl requir differ refer level actual earn automat reduc refer level case develop acp state arriv transfer basi articl reduct made account signific trend market product export ff articl prescrib automat cut transfer base event shortag stabex resourc acp eec council minist deleg matter acp eec committe ambassador articl lomé iv convent mio ecu transfer lomé ii sysmin alloc mio ecu lomé iii sysmin alloc court auditor annual report paragraph court auditor annual report paragraph similar provis lomé iv convent applic sysmin articl context note lomé ii convent sysmin instrument establish assist acp state reli miner agricultur export countri receiv stabex transfer lomé iii lomé iv benefit sysmin alloc creation instrument botswana mio ecu dominican republ mio ecu guinea mio ecu guyana mio ecu liberia mio ecu namibia mio ecu zambia mio ecu zair mio ecu stabex divis compris grade staff grade staff grade staff articl convent requir acp state notifi commiss annual statist data export good destin year preced applic year volum market product product product question refer period year applic volum export product product question destin refer period year applic volum export product product question commun refer period year applic case mozambiqu statist data submit applic year found commiss servic insuffici reliabl assess transfer technic assist appoint review statist data mozambiqu allow transfer decis amount mio ecu februari studi financ commiss respect mohair lesotho wood côte ivoir product malawi basi decis acp eec council minist signific defin percentag criterion question point weight averag percentag refer period stabex beneficiari handbook fourth acp eec convent lomé chapter paragraph lomé iv convent state circumst reduct appli full circumst partial reduct appli commiss repli paragraph court auditor annual report amount mio ecu alloc cameroon edf structur adjust fund product produc smallhold inferior qualiti produc plantat level manag edf fund distinguish manag counterpart fund lomé iv stabex procedur cover manag edf fund prior util counterpart fund aris result util edf fund countri receipt lomé iv stabex transfer open account belgium franc germani luxembourg netherland portug tabl includ countri transfer block polit reason haiti malawi sudan stabex beneficiari manual acp eec lomé iv convent chapter paragraph analysi includ countri payment stabex transfer block polit reason haiti malawi sudan commiss guidanc note deleg date paragraph footnot paragraph articl rapid transfer stabex fund acp state annex xlvi stress make transfer acp state swiftli decemb primari commit lomé iv nation indic programm fund support structur adjust amount mio ecu principl guidelin applic rule stabex transfer lomé iv date paragraph circular deleg date establish draft framework mutual oblig framework mutual oblig annex ii main head cover fmo background transfer object expect result consist countri econom polici govern commit implement procedur monitor check median determin establish number fmo sign classifi order date signatur identifi middl fmo median time time sign fmo sign fmo time sign fmo sign fmo relat haiti malawi sudan payment stabex transfer block polit reason exclud calcul median arithmet context determin averag time requir sign fmo sign benin burkina faso dominica ethiopia equatori guinea ghana kiribati mali sierra leon togo tonga tuvalu vanuatu western samoa dominica kiribati mauritania uganda vanuatu case dominica vanuatu fmo drawn singl document case coffe sector burundi kenya hide skin sector burkina faso cashew nut sector mozambiqu commiss central depart geograph servic lead role coordin prepar fmo stabex servic check prepar util conform convent structur adjust unit ensur fmo coher structur adjust polici countri concern concern fmo comoro applic year stabex transfer paid countri end mio ecu disburs resourc nip mio ecu alloc structur adjust instrument unus tranch cover import made half tranch cover import made period march juli foreign exchang freeli bought ghana local currenc countri franc zone fulli convert currenc number african countri establish seek establish intern convert currenc revis lomé iv convent propos structur adjust support countri convert currenc longer direct import programm errp initi estim mio tonn fertil reduc mio tonn singl fish trip equival approxim mio ecu octob exchang rate take account interest accru amount ow octob mio ush approxim mio ecu lomé iii counterpart fund gener sector import programm stabex support csrp special report court auditor paragraph oj cfa franc final devalu januari offic nation de commercialis de produit de base nation board market stapl commod stabex transfer cameroon amount total mio ecu export result payment outstand debt paid export debt paid caiss de stabilis de soutien de prix de product agricol fund stabil support price agricultur produc banqu central de etat afriqu de ouest central bank west african state coffe tonn mio fcfa mio ecu cocoa tonn mio fcfa mio ecu amount debt bank sector world bank pai framework programm ajust structurel du secteur financi financi sector structur adjust programm compagni ivoirienn pour le développ de textil ivori coast textil develop compani png popul earn live agricultur burundi madagascar ruanda tanzania involv part tranch alloc seventh edf kenya alloc amount mio ecu seventh edf structur adjust facil caiss de soutien de stabilis de prix de produit agricol fund support stabil price agricultur product associ de produit marché acp eec organ partli financ edf region cooper fund offic nation de commercialis de produit de base nation offic market stapl commod offic nation du café du cacao nation coffe cocoa offic govern posit spite larg financ provid cereal sector reform programm lomé iii lomé iv csrp condit attach govern sell fertil import emerg import programm full market price problem relat financi provis import programm note court special report import programm carri sixth edf paragraph offici journal geograph servic structur adjust unit commiss audit counterpart fund ghana march found interest paid fund held current account gener account attract interest rate approxim amount deposit account earn interest local rate kenya counterpart fund began move interest bear account tanzania portion fund deposit account rate averag rate approxim half inflat rate european parliament discharg report april financi year document request commiss report parliament european court auditor implement fmo report drawn articl intern agreement financ administr aid lomé iv articl lomé iv convent connect annual report court auditor financi year paragraph oj annex procedur decis take respect notif payment stabex lomé iv transfer gt refer film gt annex gt tabl gt annex gt tabl gt annex gt tabl gt annex gt tabl gt annex gt tabl gt commiss repli court auditor special report stabex financi protocol fourth lome convent lomé convent provid stricter control stabex fund put set framework mutual oblig fmo fund pass doubl signatur ecu account recipi countri procedur coupl shortag fund delai open foreign exchang account made late payment negoti fmo add workload side take month complianc acp state oblig laid fmo mean stabex fund support structur adjust foreign exchang counterpart fund disburs slowli disciplin introduc exact procedur offset loss speed stabex transfer system alloc transfer effici help overhaul radic product sector concern make greater consist stabex lomé instrument stabex fund plai kei role reorgan product export chain cameroon côte ivoir econom diversif strategi ethiopia uganda commiss pleas court recogn measur led control fund mobil court refer number occas staf level deleg note commiss alloc resourc introduct commiss view contradict object assign stabex convent hierarchi object respond complex econom problem face acp state process structur adjust manag lome iv stabex alloc financi situat lomé iv stabex commiss made transfer decis applic year articl lomé iv juli decis basi normal resourc condit addit resourc found top implement acp ec committe ambassador agre februari deal shortfal resourc commiss oblig respect transfer acp state formal speak fulfil payment made ecu account implement oper financ stabex transfer commiss set system show fund oper year commiss awar advantag track fund develop bookkeep system fmo line programm gener counterpart fund propos produc annual report cover financi year insuffici resourc commiss believ decis acp eec council novemb warrant econom social situat acp state concern court calcul amount reimburs ecu million pure theoret econom develop decis show countri repaid monei destin statu council decid prolong derog accord annex xlvii convent year commiss greatli regret extens view spirit convent shortfal resourc acut applic year coverag rate fall measur combat shortag stabex resourc record interest account part interest gener financi year question interest record found regular account financi year amp explicit provis convent transfer resourc except draw fund commiss view acp ec council minist make decis articl council basi report commiss examin step remedi shortfal appear consult produc report refer court compli term refer alloc resourc countri strong posit correl amount transfer export flow agricultur product commun destin case acp countri enjoi derog price major export product coffe cocoa instanc plummet world market happen applic year note correct factor favour develop landlock island acp state due introduc mid term review lomé iv calcul stabex transfer timet reliabl statist convent lai extrem tight schedul apprais transfer commiss increas statist cooper futur repli point deleg check statist mean workload depend number product question basi calcul statist product give rise transfer properli establish year reduct transfer entitl difficult establish quantit extent drop product attribut intern extern factor acp state concern activ part consult present point view tradition consult place diplomat repres acp state commiss commiss deleg ask plai greater role consult dossier expect plai bigger role futur commiss depart systemat involv activ involv commiss deleg consult ensur outcom influenc diplomat represent acp state propos commiss decis transfer financi control apprais transfer question includ protocol set calcul reduct made articl difficulti inher assess extent drop product caus acp state extern factor point point court report greater financi control author offic financi control consult earlier stage oblig confin check calcul transfer greater involv deleg point ensur consult focus technic consider remark fall product object structur adjust unavoid consequ error calcul stabex transfer sum question recov year end deduct transfer due applic year sum ad transfer applic year paid lesotho receiv transfer applic year commiss complet unus data commiss wai find solut recur problem countri statist financi control continu carri check incumb issu manag check counterpart fund gener edf fund tackl edf financi regul revis impact product qualiti price deterior product qualiti fault acp state factor weather plai factor easi quantifi court recommend technic natur consult further systemat account commiss examin account factor exist provis case acp state bear manifest respons payment stabex transfer fund longer edf fund belong acp countri concern put stipul fmo commiss talk layer edf manag decis open ecu account member state matter acp state concern part lomé iv revis propos make explicit provis ecu account open eu member state commiss dispos resourc deleg technic assist provid larg amount involv commiss convinc measur instrument court median time show size amount question commiss time open account long wai reduc found procedur open doubl signatur account simpl acp state instruct deleg acp state clear rapid payment transfer factor respons delai open doubl signatur account principl easili accept acp state case articl transfer agreement conclud acp recipi provis commiss effect transfer acp state applic year acp state commiss view open ecu account transfer paid commiss depart concern entri forc lomé iv convinc acp state make bank compet stabex fund cameroon uganda move increas financi return commiss encourag acp state problem studi deleg concern aim ensur provis convent fulli compli prepar framework mutual oblig provis convent util fund lomé convent lai transfer matter prioriti sector affect loss export earn articl prioriti requir interpret support fact provid convent answer question rais court implement fmo nation author work hand hand commiss made full provis convent sought find swiftest effect wai transfer context individu countri concern procedur prepar fmo principl guidelin rule stabex transfer lomé iv refer court point comprehens guidanc analysi revenu loss commiss updat document question dissemin acp state delai prepar fmo measur court account amount transfer fmo sign median time ghana ethiopia togo concern amount smallest year question case time long commiss make effort reduc lengthen delai attribut late date decis applic year time decis acp state busi negoti fmo identif oper financ commiss believ resourc speed systemat provid technic assist prepar implement fmo sum question warrant smaller amount commiss wai simplifi procedur keep principl led introduct fmo lomé iv except delai adopt decis applic year acp ec committe ambassador regrett commiss fault step prevent accumul unus transfer draw fmo cover applic year commiss procedur consult depart commiss ensur decis util resourc transfer commiss possibl abolish procedur commiss ask member state procedur abandon deleg power deleg aspect problem court note pauciti resourc deleg util stabex transfer financi implement fmo system monitor stabex transfer set analysi fund method gather inform deal inform step track transfer gener counterpart fund gradual enter exist data base inquiri account europ send spot fmo monitor mission end year fresh survei account europ undertaken extend cover spend ecu project financi year undoubtedli turn point annex manag account summari report implement fmo mission monitor counterpart fund cover stabex transfer detail implement fmo gener import programm case forecast requir made world bank imf donor back structur adjust process subscrib prove overestim number reason shortag local currenc product block imf time ti treasuri bond substitut currenc neighbour countri abnorm high interest rate context slow inflat discourag invest reduc resourc set financ import articl convent balanc payment aid structur adjust programm provid form gener import programm gip sector import programm sip gip econom situat justifi balanc payment aid counterpart fund target budgetari spend give sector dimens applic note implement fmo commiss believ condit satisfi ghana direct budgetari aid recours gip cedi convert sector import programm true purchas suppli gener subject normal edf procur procedur view larg amount fund involv substanti progress made meantim commiss abandon edf tender procedur ethiopia simpli interest sound financi manag countri rebuilt import transpar procedur equal treatment import prove time consum octob commiss conclud ethiopian author memorandum understand stabex resourc foreign exchang auction system establish ongo reform progress end decemb fund commit agricultur input suppli revis foreign trade promot budget disburs import seek purchas split delai releas tranch order maintain tradit sourc suppli util counterpart fund true commiss depth knowledg cotton sector fund alloc full agreement world bank lead agenc sector fund paid industri debt pave privat linter offic view difficulti alloc counterpart fund propos fmo speedili usefulli ugandan author commiss decid accord convent articl consist structur adjust alloc fund public sector demobil programm back aid donor deliveri place octob counterpart fund gener disburs made condit transit ethiopia repli point decis realloc counterpart fund gener tranch stabex transfer coffe sector result amend stabex fmo decid februari counterpart fund question ad stabex fund alloc coffe sector analysi coffe sector loss earn place identifi financ requir cover stabex resourc intern debt relief measur chang repay arrear accord articl fmo result agreement contract parti nation author offic commiss deleg ground payment made includ financ cost check view establish export share amount ow debt cost export financ cost element led share unequ simpli compar stabex payment ow export oncpb nation market board asset evid pai debt cfaf million ecu million fail govern agreement liquid asset commiss sought creditor accord convent septemb june treasuri repaid cfaf billion cfaf billion debt bceao central bank west african state order campaign sign fmo decemb repay agre talk donor budget stabex fund regard potenti extern resourc provid budgetari support eas treasuri repay stabex aid parti concern includ donor world bank imf mean carri start end reform sector laid agricultur sector adjust loan asal condition administr reason time mobil stabex resourc transfer decis juli year fmo applic year côte ivoir wait stabex resourc cover debt repay ensur cash flow sector macroeconom context repay posit avail stabex fund cfaf million treasuri date condit attach includ transmiss agreement debt arrear consolid oper half yearli report sale grade stock deem met fund post financ public expenditur made time help recoveri sector commiss believ stabex fund crucial find solut financ problem undertak made alloc stabex transfer question repay treasuri debt end help ensur resumpt activ sector market year stabex fund clear arrear cssppa respect cotton rubber produc justifi fact liquid restor kei oper sector diversif enabl oper reduc govern domest arrear prioriti time suppli liquid kei oper sector restor credibl financi capac price stabil fmo provid fund cover sector deficit enabl govern fulfil commit fmo releas identifi resourc need cover deficit sector market year view avoid increas arrear fmo prohibit govern extern resourc stabex transfer identifi resourc aim restor balanc sector budgetari transpar achiev fund burundi oper support donor coffe sector commiss ibrd french bilater aid burundian financ ministri donor govern carri studi give detail statut oper stabil fund fmo fund put implement acp state commit respect condition macroeconom condit commiss appli fmo made disburs condit set structur adjust programm possibl provid fmo project start complet disburs suspend suspens structur adjust programm emphas civil war rwanda octob milit implement continu polici govern counterpart fund gener project spent subject condit refer court stabex fmo instrument structur adjust aid stabex close link practic stabex disburs necessarili condit extent countri structur adjust programm implement cameroon commiss made substanti contribut overhaul cocoa coffe sector previou stabex transfer stabex relaunch product fmo includ accompani measur design promot rural develop mitig advers effect fall plantat revenu local popul oper provid fmo consist structur adjust programm macroeconom condit attach programm concern wider context sector adjust financ stabex fund justifi continu stabex oper commiss nation author kenya advisori group decis novemb suspend balanc payment aid temporarili affect oper prepar stabex oper natur instrument automat trigger condit scope decis lastli improv polit situat advisori group meet led decis sign fmo note fund fmo sign march decid subsequ transfer fulli compli articl transfer combin structur adjust condit sector level reform world bank imf briefli suspend structur adjust programm commiss found gener condit set continu aid met specif condit refer court disburs made logic initi condit featur fmo part progress liber sector start stabex fmo commiss govern commit fmo wind oncc nation coffe cocoa offic june provis fmo payment creditor oncpb commiss longer ti condit wind affair oncpb satisfactorili focus attent relink product unexpend balanc fmo transfer fmo commiss consid releas fund tranch necessarili led govern respect commit part stabil fund financ stabex fund bulk provid govern born mind polit social factor account commiss prepar fmo includ elect govern fear social unrest observ made court account fmo establish clear set condit precis time frame justif releas fund ecu account tranch commiss guidelin contain fmo avoid immobil long time fund sector financi account procedur legal framework implement stabex oper addit note principl guidelin rule stabex transfer lomé iv instruct note deal problem manag counterpart fund form manageri support provis technic assist complement resourc manag detail instruct note financi execut procedur drawn basi experi gain financi protocol light guidelin emerg mid term review lomé iv commiss view slow stabex disburs caus edf procedur unavoid case lend edf fund framework programm aid requir quick disburs case subordin elig satisfactori fund accord requir fundament chang convent provis stabex function doubl signatur account repli point interest earn transfer ecu account transfer stabex kina account deleg advis govern accord fmo counterpart interest payment credit stabex kina account govern make correct account interest transfer deleg ask govern clarif oper involv addit payment govern stabil fund govern contribut outstrip stabex fund year matter proper bookkeep entri year adjust stabex contribut upward govern case burundi commiss insist stabex fund year account requir signatur deleg nation author offic commiss take note act fmo negoti counterpart fund problem aris connect set counterpart fund rwanda explain difficult wider context countri war start octob disrupt agricultur rpf attack north export crop meant difficult sell product gener counterpart fund coffe section ocir rwanda cash crop market board compli deadlin transfer counterpart fund dispos product possess case ghana note loss interest bear counterpart fund slight fund mobil immedi stabex oper account counterpart fund interest bear articl lomé iv lai stabex gener counterpart fund put deposit interest bear account signatur nao commiss deleg requir convent stipul account separ account consolid carri account financi control identif condit mobil financi monitor stabex commiss repli point annual report member state oper stabex carri addit inform refer court applic year monitor evalu lome iv stabex framework monitor implement stabex drawn repli point report drawn month commiss repli point repli point commiss believ accord articl lomé iv report drawn acp state confin fund transfer impact properli evalu extern consult point evalu place countri ghana côte ivoir uganda cameroon plan gener evalu stabex evalu carri specif aspect fmo conclus gener context implement stabex system difficulti stabex continu function coverag rate fell consider comparison nation indic programm show stabex transfer fact substanti sum mitig effect lost export earn commiss system guarante price fault guarante price bear relat world price relat establish evalu show difficulti refer court result bad manag surplus gener stabil fund year high world price stabex acqui lomé convent role compar commod agreement aim manag price regul world suppli agreement work case recent year main product cover system benefici effect stabex fulfil origin function smooth cyclic fluctuat econom system laid convent commiss view principl compens loss subject avail resourc provid articl addit extraordinari resourc acp ec council minist make articl make greater deleg commiss focu consult technic aspect avoid leav scope negoti commiss declin qualiti product acp state manifestli respons account exist provis derog refer court expir applic year transfer larg relat econom factor countri budget balanc payment instanc inevit macroeconom impact overlook transfer put consist countri gener econom polici prefer activ polici appli macroeconom level true sector level transfer larg comparison sector variabl consist support sector polici import macroeconom sector consist confin stabex transfer true form aid true case countri stabex transfer substanti fairli short span time contradict realiti account implement stabex time negoti fmo satisfi condit implement transfer subject condit contradict desir find balanc quick disburs check demand member state time stabex fund mobil quickli compar quick disburs instrument commiss donor repli point principl guidelin rule stabex transfer lomé iv februari refer court point chapter devot subject gener counterpart fund import programm commiss foreseen stabex fund import programm lomé iv gener larg amount counterpart fund degre flexibl appli rule alloc foreign exchang call financi manag document unit time concern situat stabex transfer previou year account reflect situat account check commiss repli point payment stabex transfer entri payment account step financi procedur depart brussel establish number measur track foreign exchang counterpart fund plan strengthen improv measur repli point commiss ensur technic assist easili financ stabex resourc staf level commiss introduct resourc implement stabex transfer commiss share court view divis resourc unbalanc divis dictat provis convent transfer bear close relat import stabex product commun plan introduc amend develop landlock island countri mid term review delai draw fmo aros discuss nation author transfer condition discuss expect case transfer substanti sum monei time intern consult commiss fmo appli macroeconom sector consist need begin fmo implement procedur countri receiv larg transfer côte ivoir cameroon instanc intens debat ensur macroeconom coher countri quickest approv implement fmo intern debat slow adopt fmo contrari pave speedi implement proper identif recipi countri prioriti commiss believ stabex fund requir lomé convent repli point deadlin apprais transfer leav time specif statist cooper oper resourc inadequ decis end juli year applic year subject constraint commiss strive improv statist cooper acp state commiss held respons delai area remit acp state repli point assess job stabex provid solut intern problem refer court defin geograph area provid post total partial compens shortfal resourc lost export earn product cover system commiss convinc system remain valid year compens partial commiss note provis convent improv control fund mobil improv commiss endeavour bring rise coffe cocoa price eas problem shortfal resourc come year commiss note sole respons amount alloc stabex initi note shortfal resourc attempt favour group reduc coverag rate countri group commiss endeavour increas linkag stabex edf instrument acp state implement coher reform polici system make import contribut question systemat monitor fmo commiss confirm step describ progress report function stabex applic year