THE EUROPEAN DEVELOPMENT FUND (EDF)
The European Development Fund (EDF) is European Union’s main instrument of providing development aid to African, Caribbean and Pacific (ACP) countries and to Overseas Countries and Territories (OCTs).
It was created in 1957 by the Treaty of Rome and launched in 1959. The EDF funds cooperation activities in the fields of economic development, social and human development as well as regional cooperation and integration.
It is financed by direct contributions from EU Member States according to a contribution key and is covered by its own financial rules. Since 1957, there have been 11 cycles of funding under the EDF to Government of Malawi.
The 11th EDF was created by an intergovernmental agreement signed in June 2013 – as it is not part of the EU Budget – and entered into force on the 1st March 2015, after ratification by all Member States.
RECENT EDF ALLOCATIONS FOR MALAWI
- 7th EDF – 1992 to 1996 ≈ €124 mil
- 8th EDF -1997 to 2001 ≈ €189mil
- 9th EDF – 2002 to 2007 = (€276mil + €24mil) = € 300 Mil
- 10th EDF – 2008-2013 = (€451m + €44m VF + €87m + € 25m) = €607mil
- 11th EDF – 2014 to 2020 = €560 mil
9th EDF
The 9th European Development Fund (EDF) cycle was from 2002 to 2007. It had a budget allocation of €276 million. There was an extra €24 million, to make a total allocation of €300 million.
10th EDF
The 10th European Development Fund (EDF) cycle covered years from 2008 to 2013. A total of €607 million was allocated.
11th EDF
The current cycle of European Development Fund (11th EDF) being implemented is from 2014 to 2020. Malawi’s programme whose total value is €560 million was signed on 29th May 2015.
