European Development Fund (EDF) 1
European Development Fund (EDF) 1 : This is the principal financial instrument for cooperation between the European Union (EU), and the Asian, Caribbean and Pacific (ACP) countries and the overseas countries and territories (OCTs) that depend constitutionally on four Member States. It bases its action on various intervention programmes such as programmable aid, structural adjustment facilities, venture capital, emergency aid and refugee aid. There is not a single EDF, but rather several successive EDFs that have covered periods usually lasting five years
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