REPORT FROM THE COMMISSION TO THE COUNCIL on the implementation of the financial assistance provided to the Overseas Countries and Territories under the 11th European Development Fund in 2019
1. This Report from the European Commission highlights progress achieved in the implementation of 11th EDF financial resources, including the European Investment Bank (EIB), for EU Overseas Countries and Territories (OCTs) for the year 2019. The rules and procedures for the political, commercial and financial relations between the EU and the OCTs are set out in the 2013 Overseas Association Decision (OAD) . Article 77 of the OAD outlines the eligibility of the OCTs for financial resources from the EDF. There are sixteen OCTs that are both eligible for, and receive, territorial allocations under the 11th EDF.
2. For the programming period 2014-2020, the overall allocation for the OCTs under the 11th EDF remains the same as set out in the previous report: €364.5 million (£332.6 million) . The separate funding allocations also remain unchanged: €229.5 million (approximately £209.4 million) for territorial (bilateral) assistance; €100 million (£91.2 million) for regional cooperation and integration; €21.5 million (£19.6million) to finance humanitarian and emergency assistance or provide assistance following fluctuations in export earnings; €5 million (£4.6 million) to finance interest subsidies and technical assistance through the European Investment Bank’s (EIB) OCT Investment Facility; and €8.5 million (£7.8 million) for the Technical Cooperation Facility.
3. In 2019, good progress was made in the territorial programming process as a result of enhanced coordination and dialogue. Budget support continued to be the preferred implementation modality for territorial allocations in the OCTs. The report notes that with the adoption of the Programming Documents for Aruba and Bonaire in 2019 fourteen out of sixteen OCTs with an EDF allocation have now finalised their programming.