On 9 December 2010, the Council adopted conclusions on mutual responsibility and transparency: a fourth chapter of the EU operational framework for the effectiveness of development aid. These conclusions have been added to the consolidated text of the operational framework for aid effectiveness, which confirmed the agreements reached under the Paris Declaration on the Effectiveness of Development Aid (2005), the EU Code of Conduct on Complementarity and Division of The Division of Labour in Development Policy (2007) and the EU Guidelines for the Accra Action Agenda (2008). On 14 November 2011, the Council adopted a common EU position on, among other things, ensuring EU transparency and other aspects of transparency and accountability at the fourth high-level forum on the effectiveness of development aid in Busan, South Korea, which included the final Busan document. The EU and its Member States have approved busan`s final document. On 14 May 2012, the Council adopted conclusions on increasing the impact of the EU`s development policy: a programme for change and the future approach of EU budgetary aid to third countries. FED: 1964-1970 (Yaounde Convention I) 3rd EDF: 1970-1975 (Yaounde II Convention) 4th EDF: 1975-1980 (Lomé Convention I) 5th EDF: 1980-1985 (Lomé II Convention) 6. FED: 1985-1990 (Lomé III Convention) 7th EDF: 1990-1995 (Lomé IV Convention) 8th EDF: 1995-2000 (Lomé IV Convention and Revised Lomé IV Convention) 9th EDF: 2000-FED 2007 (Cotonou Agreement) 10th EDF: 2008-2013 (revised Cotonou agreement) 11th EDF: 2014-2020 (Cotonou agreement revised). The Stabex and Sysmin instruments to support the agricultural and mining sector were abolished by the new partnership agreement signed in Cotonou in June 2000. The agreement also streamlined the EDF and introduced a continuous programming system that would allow for greater flexibility and accountability for ACP countries. Each EDF is closed for a period of several years.
Since the conclusion of the first partnership agreement in 1964, EDF cycles have generally complied with partnership/convention cycles. Member States have their own bilateral agreements and implement their own initiatives with developing countries that are not funded by the EDF or other EU funds. Cotonou Agreement: the partnership agreement between the members of the ACP group and the European Union, signed in Cotonou, Benin, on 23 June 2000. This is the framework for EU relations with 79 ACP countries. The partnership is based on three complementary pillars: in June 2013, EU countries reached an internal agreement for the creation of the 11th EDF, including the revised allocation of contributions between them; this internal agreement has yet to be ratified. The Council`s 2013/759/EU decision establishes transitional measures for the management of the EDF until the 11th EDF comes into force. The objectives of official development assistance (ODA) under recital 10 should be taken into account. When notifying member states and the OECD Development Assistance Committee of 11th EDF spending, the Commission should distinguish between ODA activities and non-ODA-related activities. The European Development Fund (EDF) is the main instrument of the European Union (EU) for the provision of development aid to countries in Africa, the Caribbean and the Pacific (ACP) and overseas countries and territories (PTOM) under the Cotonou Agreement.
The 10th EDF operated for six years between 2008 and 2013, with a budget of 22.7 billion euros. This accounted for about 30% of EU development aid spending, with the rest coming directly from the EU budget. The 9th EDF was initially allocated 13.8 billion euros for 2000-2007. The 11th EDF runs between 2014 and 2020: it amounts to 30.5 billion euros and the European Investment Bank allocates an additional 2.6 billion euros in the form of loans on own resources.