| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2016) 473 final (18.7.16) |
| Publication Date | 18/07/2016 |
| Content Type | Policy-making |
|
The African Peace Facility (APF) was first established in 2003 within the framework of the Cotonou Agreement and is funded by the European Development Fund (EDF), which is outside the general budget of the Union. The APF has become one of the key instruments to implement the Africa-EU cooperation on peace and security. The APF's financial resources for the period 2014-2016 are severely stretched. At the current rate of use, they will be depleted before the end of the period. Resources for the period 2017-2018 should also be able to respond to the continuing needs and demands from the African Union to address ongoing and emerging security crises in Africa, as well as unforeseen circumstances. The predictability and sustainability of the financing of the APF needs to be ensured. APF financial needs up to end 2018 are currently estimated at €685 million. The Political and Security Committee (PSC) and the Committee of the Permanent Representatives (Coreper) of the Council have discussed the financial sustainability of the APF to ensure financing up to 2018 on the basis of Commission proposals. In its meeting of 18 May 2016, the Coreper endorsed a compromise tabled by the Presidency to use a combination of funds from the 10th and 11th EDFs. The objective of this proposal for a Council decision is to obtain authorisation from the Council to use decommitted funds from the 10th EDF to replenish the African Peace Facility with an additional amount up to €491.38 million, of which €475 million will contribute to the financing of the APF needs up to end 2018 and €16.38 million will cover the support expenditure incurred by the Commission. To complement these funds from the performance reserve, additional funds will be mobilised for the APF from the 11th EDF reserves (€100 million from the Intra-ACP reserve subject to prior approval of the African Union request by the ACP Committee of Ambassadors and €110 million from the National Indicative Programmes / Regional Indicative Programmes (NIP/RIP) reserve). |
|
| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2016:473:FIN |
| Related Links |
|
| Countries / Regions | Africa, Europe |
