The European Development Fund (EDF) is the main instrument for Community assistance in the cooperation and development of the African, Caribbean and Pacific (ACP) States and the overseas countries and territories (OCT).
The 1957 Treaty of Rome foresaw its creation for granting technical and financial aid, initially to the African countries that were colonies at the time, with which certain European States had historical ties.
The Fund is financed by the Member States of the European Union. It is subject to its own financial rules and is managed by a specific committee.
Support for the ACP States and OCTs continues to be financed through the EDF during the period 2014-2020.
Each EDF programme covers a period of about five years and the EDF cycles generally coincide with those of the partnership agreements/convention:
|EDF||Period||Conventions / Partnership agreements||Programmes financed under the specific European Development Funds (EDF)||Amount € m|
|2nd EDF||1964-1970||Yaoundé I Convention|
|3rd EDF||1970-1975||Yaoundé II Convention|
|4th EDF||1975-1980||Lomé I Convention|
|5th EDF||1980-1985||Lomé II Convention|
|6th EDF||1985-1990||Lomé III Convention|
|7th EDF||1990-1995||Lomé IV Convention||Regional Programme I||25|
|8th EDF||1995-2000||Lomé IV Convention and the revised Lomé IV||Regional Programme II||30|
|9th EDF||2000-2007||Cotonou Agreement||Transfer of Regional Programme II||(28,7)|
|10th EDF||2008-2013||Revised Cotonou Agreement||Governance Initiative||33,1|
|11th EDF||2014-2020||Revised Cotonou Agreement||Pluriannual Indicative Programme||30|
|12th EDF||2020-202X||Revised Cotonou Agreement||Pluriannual Indicative Programme||30|