WECO An interim report from EU Council Ambassadors on the development finance aspects on the EU’s Multiannual Financial Framework (MFF) for the 2014-2020 period says that some countries could accept that the European Development Fund (EDF) would remain outside the MFF. While a number supported the Commission proposal to keep, for the time being, the EDF outside the MFF, some called for its budgetisation. In this context, the question of the contribution key for the EDF was raised, with some States insisting on the fact that it should be identical to the usual budgetary contribution key, while others pleaded for the status quo, which reflects historical links of some Member States to the beneficiary countries. A number of countries supported the priority to respect the EU’s formal undertaking to commit 0.7% of gross national product to Official Development Assistance (ODA) by 2015. Some however expressed doubts on the fact that as much as 15% of the collective EU ODA effort should come from the EU budget and the EDF. A comprehensive report on the MFF debate will be presented to the EU General Affairs Council on 5 December. The MFF negotiation phase is due to start in January 2012. The proposal for the 11th European Development Fund that is supposed to enter into force at the same time as the new MFF is also under preparation.
Access to the interim report: Council of the European Union: Multiannual Financial Framework (2014-2020) – Interim report
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