Contents
Article 1#
1.An amount up to a maximum of EUR 600000000 from the funds de-committed from projects under the 10th and 11th EDFs shall be allocated on an exceptional basis for the purpose of financing actions addressing the food security crisis and economic shock in ACP countries following Russia’s war of aggression against Ukraine.
2.The funds referred to in paragraph 1 should finance actions with a view to providing support as follows:
—up to EUR 350000000 for food production and the resilience of food systems,
—up to EUR 150000000 for humanitarian assistance, and
—up to EUR 100000000 for macroeconomic support.
3.From the amount referred to in paragraph 1, up to EUR 488000000 shall be allocated from the 10th EDF and up to EUR 112000000 shall be allocated from the 11th EDF. Out of those funds, up to a maximum of EUR 18000000 shall be allocated for support expenditure incurred by the Commission.
4.The funds referred to in paragraph 1 shall be used for financial commitments in accordance with the rules and procedures applicable to the 11th EDF, as set out in Regulations (EU) 2015/322 and (EU) 2018/1877.
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