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Council Regulation (EU) 2015/322 of 2 March 2015 on the implementation of the 11th European Development Fund

article  3

CELEX:  32015R0322

General framework for allocating funds
1. The Commission shall determine the multiannual indicative resource allocations for each ACP country and region and for intra-ACP cooperation on the basis of the criteria laid down in Articles 3, 9 and 12c of Annex IV to the ACP-EU Partnership Agreement, within the financial limits set out in Article 2 of the Internal Agreement.
Council Regulation (EU) 2015/322 of 2 March 2015 on the implementation of the 11th European Development Fund

article  3

CELEX:  32015R0322

2. In the determination of the indicative national allocations, a differentiated approach shall be pursued, in order to ensure that partner countries are provided with specific, tailor-made cooperation based on:
(a) their needs;
(b) their capacities to generate and access financial resources and absorption capacities;
(c) their commitments and performance; and (d) the potential impact of Union assistance. The countries most in need, in particular the least developed countries, low-income countries and countries in crisis, post-crisis, fragile and vulnerable situations, shall be given priority in the resource allocation process. The Union will adapt its assistance through dynamic, result-oriented and country-specific measures, as referred to in Article 7(2), according to the country's situation and commitment and progress with regard to issues such as good governance, human rights, democracy, rule of law and its ability to conduct reforms and to meet the demands and needs of its people.
3. The EDF Committee shall hold an exchange of views on the method for determining the multiannual indicative resource allocations referred to in paragraph 1.