financi regul june applic develop financ cooper fourth acp ec convent ec council european union regard treati establish european commun hereinaft refer ec treati regard fourth acp ec convent sign lomé decemb hereinaft refer convent amend agreement sign mauritiu novemb regard intern agreement financ administr commun aid fourth acp eec convent sign brussel decemb hereinaft refer intern agreement articl thereof regard council decis eec juli associ oversea countri territori european econom commun hereinaft refer decis regard gener regul gener condit work suppli servic contract financ european develop fund approv acp eec council minist march hereinaft refer gener regul condit contract regard propos submit commiss regard opinion european invest bank hereinaft refer bank regard opinion court auditor pursuant articl intern agreement member state set eighth european develop fund hereinaft refer edf articl intern agreement provis implement intern agreement subject financi regul adopt entri forc convent council act qualifi major laid articl agreement adopt financi regul titl financi estim rule payment contribut edf member state gener principl articl amount edf set articl intern agreement alloc annex alloc appropri rule transfer laid convent intern agreement articl annual contribut edf call instal payabl januari april juli novemb supplementari contribut financi year decid council accord articl intern agreement decid council due made period laid decis call contribut exce month commiss notifi member state begin financi year basi council decis refer articl intern agreement amount instal contribut paid due date commiss set amount paid member state proport contribut edf fix articl intern agreement commiss inform member state alter amount call contribut date instal contribut due basi cash situat edf expenditur estim remaind year instal contribut payabl articl paid dai due date member state concern requir pai interest respect amount paid basi rate percentag point interest rate short term financ applic date instal due monei market member state ecu rate increas quarter percentag point month delai increas rate applic entir period delai amount receiv commiss respect late payment interest credit account provid articl intern agreement articl financi contribut member state express ecu member state pai amount contribut ecu member state make actual payment contribut nation currenc financi contribut credit member state special account entitl commiss european commun european develop fund open bank issu member state financi institut design amount contribut remain special account requir meet payment provid articl convent expiri convent part contribut member state remain oblig make call commiss requir condit laid financi regul articl ecu sum amount currenc member state set council regul ec decemb consolid exist commun legisl definit ecu entri forc treati european union chang composit ecu decid council pursuant ec treati automat appli provis ecu currenc equal sum equival amount currenc make ecu determin commiss basi exchang rate record dai exchang market daili rate convers nation currenc dai publish offici journal european commun oper involv convers ecu nation currenc principl effect basi exchang rate applic dai derog principl permit duli justifi except case accord implement rule financi regul decemb applic gener budget european commun articl order make payment provid articl convent commiss open account financi institut acp state oct payment nation currenc acp state local currenc oct member state payment ecu currenc subject articl convent deposit account bear interest subject articl convent interest credit account provid articl intern agreement articl commiss transfer special account open pursuant articl amount need replenish account open accord articl transfer made basi cash project programm commiss endeavour make withdraw special account refer articl maintain distribut asset account proport member state contribut edf articl signatur commiss offici agent empow carri oper edf account lodg bank concern account open case offici agent authoris subsequ design procedur appli lodg signatur nation region authoris offic deputi oper pai agent account open acp state oct account open member state articl edf resourc accord principl sound financi manag economi cost effect qualit quantit object identifi progress realis monitor mean indic end edf resourc preced ant evalu oper undertaken view ensur expect result justifi mean deploi oper period examin ground check view estim call contribut refer articl intern agreement articl financ decis pursuant articl intern agreement regard aid administ commiss financ agreement time limit start implement project date financ decis agreement longer appli financ decis refer paragraph financ agreement time limit implement oper continu oper date justifi parti beneficiari accept commiss implement time limit expir termin project commit fund commit articl carri legal commit enter commiss connect project respect beneficiari conclud relat payment collect record account titl ii financi administr edf appropri commiss section gener provis articl subject articl articl provis titl applic risk capit interest rate subsidi manag bank articl appropri administ authoris offic power enter commit expenditur establish sum due collect issu recoveri order payment order collect payment oper carri account offic duti authoris offic financi control account offic mutual incompat articl revenu expenditur oper manag mean integr comput system provis section ii iii titl appli due allow possibl requir deriv computeris manag end support document remain chief authoris offic account offic deputi purpos check signatur approv ad computeris form financi control consult set edf account system access data system articl chief authoris offic edf duti laid articl convent appoint commiss chief authoris offic edf deleg power implement edf authoris person appoint subject approv commiss rule govern respons adopt titl appli person limit power deleg decis deleg power state extent durat deleg power deleg act limit power expressli confer decis deleg power notifi power deleg account offic financi control chief authoris offic court auditor articl financi control edf financi control commiss respons monitor commit authoris expenditur monitor record collect revenu debt financi control assist duti assist financi control monitor carri financi control mean inspect file spot connect access file origin support document relat commit expenditur revenu file relat appropri assign fund document inform drawn magnet medium financi control deem perform work request special rule applic financi control laid financi regul applic gener budget european commun articl account offic appoint commiss assist duti assist account offic appoint basi reason opinion account offic condit account offic account offic respons collect revenu payment expenditur recoveri debt manag cash flow subject articl account offic empow manag fund asset respons care account offic respons maintain account appropri refer articl commit refer articl risk capit decis interest rate subsidi refer articl payment revenu debt account offic respons prepar financi statement refer articl financi regul articl court auditor notifi appoint chief authoris offic account offic assist account offic administr advanc fund refer articl account plan refer articl commiss forward court rule procedur drawn respect financi matter section ii revenu debt articl edf revenu consist payment made member state accord intern agreement incom gener deposit sum accept establish council account offic respons monitor entri account payment member state revenu revenu account offic draw revenu order financi control prior approv purpos approv financi control establish revenu book correct item order order conform relev provis support document order order conform principl sound financi manag amount currenc revenu correct entri account revenu final approv financi control articl measur situat give rise modifi debt due edf brought attent commiss nation authoris offic preced debt estim chief authoris offic estim financi control approv account offic provision record account mention type debt estim amount thereof budget item book descript debtor purpos approv financi control establish revenu book correct item debt estim order conform relev provis relat manag edf act made implement thereof principl sound financi manag refer articl 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 prejudic articl chief authoris offic draw respect establish liquid payabl debt due edf context implement edf appropri recoveri order support document financi control prior approv recoveri order receiv approv financi control record account account offic purpos approv establish revenu book correct item order order conform relev provis support document order debtor correctli due date order conform principl sound financi manag refer articl amount currenc sum recov correct approv withheld subparagraph paragraph appli chief authoris offic waiv recov debt refer paragraph 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 subparagraph paragraph appli financi control find recoveri order drawn sum due recov inform commiss thereof articl account offic assum respons recoveri order duli drawn account offic power ensur debt refer articl recov due date recoveri order ensur relev right commun safeguard account offic inform chief authoris offic financi control debt recov time limit laid initi recoveri procedur section iii commit valid authoris payment expenditur commit expenditur articl measur give rise expenditur payabl edf preced propos commit expenditur chief authoris offic creat legal oblig vi vi parti approv financi control propos commit commiss financ decis financ decis commiss accord articl intern agreement provis authoris grant financi aid edf give rise commit expenditur articl prejudic articl propos commit accompani support document transmit financi control show purpos expenditur estim amount involv item charg descript recipi financ propos commit subject endors account offic approv financi control commiss financ decis articl purpos approv propos commit financi control establish propos conform articl expenditur charg correct item appropri financ propos correct conform provis applic edf principl sound financi manag refer articl appli approv condit articl financi control withhold approv consid condit laid articl met withhold approv furnish written statement give reason therefor chief authoris offic notifi approv withheld chief authoris 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 assign fund articl contract conclud beneficiari implement project programm subject financ decis refer articl approv head deleg record account chief authoris offic record call assign fund hold contract estim conclud directli behalf beneficiari commiss implement project programm assign fund record set commit expenditur financ decis refer articl valid expenditur articl valid expenditur act chief authoris offic verifi exist creditor claim determin verifi exist amount sum due verifi condit payment fall due articl valid expenditur subject submiss support document show creditor claim servic render exist document justifi payment natur support document enclos payment order particular includ make carri check provid articl categori expenditur advanc grant chief authoris offic empow valid expenditur person check support document respons ascertain authoris expenditur articl authoris act chief authoris offic issu payment order authoris account offic pai item expenditur valid articl payment order state item payment charg amount paid figur word show currenc address beneficiari bank account method payment purpos expenditur payment order date sign chief authoris offic articl payment order accompani origin support document bear accompani statement confirm amount paid correct suppli receiv servic perform payment order show number date relev approv commit copi support document certifi true copi chief authoris offic head commiss deleg duli warrant case accept place origin articl subject articl payment order financi control prior approv purpos prior approv establish payment order properli issu payment order agre creditor claim expenditur charg correct item appropri support document order paye correctli name approv withheld articl appli approv financi control origin payment order support document forward account offic payment expenditur articl prejudic articl articl convent respons nation authoris offic financi liabil agent respons manag execut develop financ cooper payment final action edf discharg oblig creditor subject articl 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 chief authoris offic inform financi control valid discharg contest chief authoris offic payment suspend refer matter commiss requir write respons payment effect articl payment effect bank account articl procedur open administ account determin commiss condit requir signatur chequ transfer order signatur account offic assist account offic administr advanc fund condit requir specif expenditur respect payment necessarili made chequ transfer payment effect local articl case chief authoris offic deleg respons head deleg accord articl payment effect assist account offic spot appoint condit refer articl assist account offic effect payment local currenc pai agent account acp state oct payment foreign currenc pai agent account commun entri edf account payment effect pursuant paragraph entrust assist account offic payment made assist account offic financi control carri check effect possibl entri account imprest account articl payment categori expenditur advanc fund set decis chief authoris offic favour opinion account offic financi control account offic replenish imprest account 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 chief authoris offic account offic step clear respect exact amount period advanc grant articl section iv account articl account ecu doubl entri method basi calendar year show appropri commit assign fund revenu payment establish debt collect oper year full adjust substanti support document assign fund revenu payment debt express nation currenc account system make record nation currenc ecu articl commit defin articl record ecu financ decis commiss assign fund defin articl record ecu equival contract estim conclud beneficiari acp state oct commiss perform project includ provis payment reimburs expens present support document provis revis price conting defin edf fund contract financi provis exchang rate fluctuat convers rate final account payment made project programm refer part titl iii convent rate applic actual date payment date correspond date commiss account refer articl financi regul debit account record refer fulfil commit period year date decis give discharg respect implement edf refer articl intern agreement financi year commit close account purpos articl commiss account risk capit interest rate subsidi administ bank behalf commun financ decis adopt bank board director accord articl intern agreement propos enter decis account financi control account offic chief authoris offic propos inter alia purpos estim amount item expenditur book beneficiari financ purpos approv financi control establish expenditur book correct item appropri valid account offic place bank board director adopt financ decis financ decis relat risk capit adopt bank enter account nomin case interest rate subsidi provision entri made account base estim commiss decis adopt finalis account receipt estim amount interest rate subsidi bank contract sign amount adjust end contract request payment fund refer articl financi control approv chief authoris offic request payment item payment charg amount paid figur word show currenc address paye bank account method payment purpos expenditur date payment payment made enter account account offic termin financ decis repay balanc relev appropri effect request eib articl entri account made basi account plan compris nomenclatur budgetari item make clear distinct financi statement revenu expenditur account detail condit draw oper account plan defin commiss propos account offic articl account close end financi year enabl financi statement revenu expenditur account edf drawn submit financi control opinion section respons authoris offic financi control account offic administr advanc fund articl prejudic articl articl convent authoris offic establish entitl recov edf enter commit expenditur sign payment order issu recoveri order compli financi regul render liabl disciplinari action payment compens appli neglect issu recoveri payment order justif late issu render commiss liabl civil action parti 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 intent mistak due neglig part condit respons correct execut order receiv respect administr account held recognis financi institut 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 intent mistak due neglig part account offic assist account offic administr advanc fund insur risk incur articl cover guarante fund provid paragraph commiss cover relev insur cost special allow grant account offic assist account offic administr advanc fund amount allow determin commiss sum allow credit month account open commiss behalf offici order establish guarante fund cover cash bank shortag person concern render liabl credit balanc guarante account paid person concern termin appoint account offic administr advanc fund case account offic condit receipt final discharg refer articl articl liabil chief authoris offic deputi financi control 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 titl iii implement measur section edf oper administ commiss gener articl aid accord onlent final borrow accord articl convent financi agreement term lend inter alia rate interest durat loan grace period arrang utilis fund provid reimburs capit interest fix term due regard paid relev provis convent articl articl articl claim delai payment respons virtu articl convent born commiss account provid articl intern agreement tender contract articl commiss measur ensur effect dissemin inform econom oper concern notabl period public forecast contract financ resourc edf commiss ensur publish mean indic purpos content contract forecast year forecast contract servic technic cooper project award invit tender twelv month public month forecast refer indent result invit tender earliest opportun similar procedur commun decis interven respect carri studi suppli technic assist articl commiss inform council year contract conclud year notifi council measur led propos improv term competit particip invit tender issu edf report commiss provid council inform enabl assess measur commiss fact undertak member state acp countri territori equal opportun access work suppli servic contract financ edf articl inform relat direct agreement contract work suppli servic contract conclud restrict invit tender direct labour contract contain annual report council refer articl articl prejudic articl intern agreement provis gener regul condit contract appli tender contract financ edf payment arrang currenc currenc payment word relev contract price offer tender contract financ edf account applic tax arrang provid articl convent payment made nation currenc acp state made intermediari bank establish state countri contractor regist offic locat payment made ecu foreign currenc made intermediari approv bank agenc establish member state acp state countri contractor regist offic locat structur adjust support articl support structur adjust programm provid convent implement accord articl convent contract aris case import programm form provis foreign exchang express currenc acp state ecu currenc includ countri contract parti convent occas advanc fund provid structur adjust programm commiss check regular conform respect justif fund rule applic pursuant articl convent articl intern agreement manag export earn stabilis system stabex articl annual resourc stabex system provid articl convent manag commiss accord procedur half annual instal credit system april juli transfer special stabex bank account half annual instal year reduc amount advanc preced year articl convent half annual instal year increas amount advanc year articl convent sum due stabex system year convent forc transfer stabex account date entri forc financi regul effect due date laid member state convert contribut ow open debt produc interest benefit system accord arrang laid annex ii interest provid amount annual instal credit stabex system resourc april year amount half annual instal advanc transfer paid stabex system resourc manner juli year respect half annual instal part annual instal paid advanc transfer continu bear interest accru system resourc utilis year transfer refer articl convent made ecu interest bear bank account open member state commun chosen mutual agreement acp state commiss interest accru credit account withdraw account requir signatur person design acp state concern commiss head deleg fund account includ interest mobilis accord articl convent articl advanc made year instal provid articl convent advanc refer articl convent reduc proportion articl quarterli report member state cash situat edf treasuri provid articl includ specif inform financi situat stabex system articl calcul amount transfer advanc requir convers statist express nation currenc acp state concern currenc ecu exchang rate applic averag annual rate forc calendar year statist concern refer section ii aid manag bank articl bank forward commiss begin quarter estim amount expect claim edf quarter respect risk capit interest rate subsidi administ accord articl intern agreement risk capit articl decis grant risk capit set limit commun commit financi respons case sharehold extent right compani oper relat decis account provis articl convent relat respons exchang rate risk instrument give effect risk capit oper conclud bank act commun authoris agent disburs take place bank request commiss pai ecu amount risk capit disburs commiss pai amount dai receipt request payment date disburs bank disburs take place currenc ecu exchang rate determin amount disburs obtain bank correspond respons exchang transact ecu exchang rate borrow calcul amount due respect product incom reimburs risk capit oper forc month date payment amount due respect receipt incom repay relat risk capit oper collect bank behalf commun accord articl articl sum collect bank form receipt incom repay risk capit oper credit special account open behalf commun member state proport contribut edf account denomin ecu manag bank accord articl intern agreement bank agre member state inform suppli account technic procedur manag account includ relat fix rate interest decid council bank agreement commiss subsidis loan articl aggreg amount interest rate subsidi loan bank calcul ecu accord articl convent basi composit interest rate fix accord procedur set paragraph articl 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 applic percentag rate interest subsidi declin annual capit balanc due repay date 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 subsidis loan repaid advanc bank pai commiss total balanc discount subsidi adjust period receipt payment bank contractu repay date subsequ advanc payment part loan repaid payment bank commiss relat part loan repaid sum reimburs commiss ad appropri financ interest rate subsidi provid articl intern agreement payment provid articl made ecu titl iv execut agent chief authoris offic articl chief authoris offic edf refer articl convent measur implement articl convent articl chief authoris offic measur ensur nation region authoris offic perform task respons virtu convent articl thereof chief authoris offic edf awar problem carri procedur relat manag edf resourc conjunct nation region authoris offic make contact remedi situat step includ nation region authoris offic perform duti incumb convent temporari replac offic chief authoris offic articl transact relat execut project carri nation region authoris offic close cooper head deleg accord articl convent perform duti laid articl head deleg compli financi regul pai agent articl relat commiss pai agent provid articl convent subject contract requir prior approv financi control sign contract court auditor titl present audit account articl commiss draw year financi statement revenu expenditur account edf describ financi situat fund decemb preced year financi statement drawn account offic includ balanc sheet edf asset liabil end preced financi year statement sourc fund cover preced financi year statement revenu payment preced financi year tabl revenu show estim revenu calendar year amend revenu estim entitl establish calendar year amount receiv end calendar year addit revenu tabl debt show debt recov begin calendar year entitl establish calendar year amount recov calendar year cancel establish entitl debt recov end calendar year note indic account principl appli prepar present account provid addit explan head tabl refer point articl revenu expenditur account refer articl drawn chief authoris offic conjunct account offic includ tabl show preced year appropri refer articl tabl show total appropri commit assign fund payment effect financi year aggreg total open edf tabl show appropri countri territori region region total commit assign fund payment effect financi year aggreg total open edf revenu expenditur account prefac analysi financi manag preced year articl prejudic articl intern agreement commiss forward financi statement revenu expenditur account european parliament council court auditor financi year articl court auditor member seek assist court staff discharg duti task deleg staff notifi court auditor member author staff question requir work articl prejudic articl intern agreement audit carri court auditor base record perform spot 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 hand check voucher sign depositari offici memoranda cash secur held court carri check request court auditor commiss authoris financi institut hold edf deposit enabl court ensur extern data talli account commiss afford court auditor facil give inform court perform task provid inform commiss result check carri pursuant regul forc depart respons manag edf financ effect expenditur behalf commun place dispos court 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 document data creat store data medium end offici subject audit court auditor disclos record cash hand cash secur materi kind support document respect manag depositari book regist document relat thereto present correspond document requir full implement audit refer paragraph inform refer subparagraph request court auditor court auditor empow audit document respect edf revenu expenditur held commiss depart depart respons decis revenu expenditur task establish revenu receiv expenditur incur law regular manner financi manag sound encompass utilis bodi commiss commun fund receiv grant edf fund beneficiari commiss subject agreement write recipi audit carri court auditor utilis amount paid articl court auditor draw annual report end financi year court auditor time submit observ notabl form special report specif question deliv opinion request institut commun special report transmit institut bodi concern institut concern half month inform court auditor comment wish make observ question court auditor decid observ publish offici journal european commun includ comment submit institut institut concern special report transmit european parliament council decid conjunct commiss action respons articl annual report court auditor provid articl ec treati govern provis court auditor commun commiss juli observ consid annual report observ remain confidenti commiss forward repli court auditor octob relev year annual report assess sound financi manag court auditor send annual report commiss repli novemb commiss author respons give discharg pursuant articl intern agreement ensur public offici journal european commun articl time annual report refer articl court auditor provid european parliament council statement assur reliabl account legal regular underli transact articl april year european parliament recommend council act qualifi major give commiss discharg respect execut financi manag edf preced financi year accord articl intern agreement date compli european parliament council inform commiss reason decis defer european parliament postpon decis give discharg commiss make effort measur facilit remov obstacl decis discharg decis includ assess respons commiss execut financi manag preced period financi control account observ appear decis give discharg commiss step act comment appear decis give discharg request european parliament council commiss report measur light comment instruct depart respons manag edf report court auditor financi statement revenu expenditur account financi year decis give discharg publish offici journal european commun titl vi gener final provis articl refer financi regul provis convent deem refer provis decis eec articl regul applic aid financi protocol convent regul enter forc dai adopt applic period intern agreement luxembourg june council presid meacher oj oj decis amend decis ec oj oj oj oj oj regul amend regul ec oj annex accord articl intern agreement eighth edf consist ecu million ecu million acp state alloc gt tabl gt ecu million oct alloc gt tabl gt annex ii accord articl member state convert contribut ow financ annual instal refer articl convent open debt produc interest benefit stabex system contribut record treasuri account member state oper system accord eighth edf alloc scale determin intern agreement compound interest debt ow member state concern calcul edf account offic basi annual averag rate forc bank intern settlement quarter percentag point mobilis debt effect gradual aris practic member state liabl payment amount account stabex propos gt tabl gt