Gelex

Council Decision of 22 December 2004 amending Decision 2000/24/EC to take into account the enlargement of the European Union and the European Neighbourhood Policy (2005/47/EC)

In forceVersion 2004-12-22
Grade B

mapped from publisher markup. A grade says how a document's structure was obtained, not how reliable the law is.

Ask Gelex about this law

Address https://gelex.eu/eli/EU/decision/2005/47@2004-12-22/en

Contents
  1. Preamble
    1. Article 1
    2. Article 2

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European Community, and in particular Article 181 A thereof,

Having regard to the proposal from the Commission,

Having regard to the opinion of the European Parliament,

Whereas:

(1) The Accession Treaties signed on 16 April 2003 entered into force on 1 May 2004.

(2) The report prepared by the Commission in accordance with the third subparagraph of Article 1(1) of Council Decision 2000/24/EC of 22 December 1999 granting a Community guarantee to the European Investment Bank against losses under loans for projects outside the Community (Central and Eastern Europe, Mediterranean countries, Latin America and Asia and the Republic of South Africa), concludes that some amendments to that Decision are appropriate, in particular in view of the enlargement of the European Union.

(3) The Copenhagen European Council of 12 and 13 December 2002 concluded that pre-accession support for Turkey will from 2004 be financed under the budget heading pre-accession expenditure.

(4) Since the adoption of Decision 2000/24/EC, the experience of the EIB on the changing practices in the field of investment protection guarantees has shown the need to review the scope of the political risks covered by the Community guarantee and of the commercial risks borne by the EIB.

(5) Under the risk-sharing scheme the budgetary guarantee should cover, in addition to political risks arising from currency non transfer, expropriation, war or civil disturbance, those arising from denial of justice upon breach of certain contracts by the third country government or other authorities.

(6) Under the risk-sharing scheme, the EIB should secure commercial risks by means of non-sovereign third-party guarantees or by means of any other security or collateral as well as relying on the financial strength of the debtor, in accordance with its usual criteria.

(7) The financial perspective for the period 2000 to 2006 according to the Interinstitutional Agreement of 6 May 1999 between the European Parliament, the Council and the Commission on budgetary discipline and improvement of the budgetary procedure, envisages a ceiling for the loan guarantee reserve in the Community budget of EUR 200 million (at 1999 prices) per annum.

(8) Close cooperation between the EIB and the Commission should ensure consistency and synergy with the European Union’s geographical cooperation programmes and ensure that EIB loan operations complement and strengthen the European Union’s policies for those regions.

(9) Decision 2000/24/EC should therefore be amended accordingly,

HAS DECIDED AS FOLLOWS:

Article 1

Decision 2000/24/EC is amended as follows:

1. Article 1(1) is amended as follows:

(a) paragraph 1 is amended as follows:

(i) the first subparagraph is replaced by the following: The Community shall grant the European Investment Bank (EIB) a global guarantee in respect of all payments not received by it but due in respect of credits opened, in accordance with its usual criteria, and in support of the Community’s relevant external policy objectives, for investment projects carried out in the South-eastern Neighbours, the Mediterranean countries, Latin America and Asia and the Republic of South Africa.

(ii) in the second subparagraph, the second sentence is replaced by the following: The overall ceiling of the credits opened shall be equivalent to EUR 19460 million, broken down as follows: and may be used by 31 January 2007 at the latest. The credits already signed shall be taken into account as a deduction from the regional ceilings.

South-eastern Neighbours: EUR 9185 million,

Mediterranean countries: EUR 6520 million,

Latin America and Asia: EUR 2480 million,

Republic of South Africa: EUR 825 million,

Special action supporting the consolidation and intensification of the EC-Turkey Customs Union: EUR 450 million;

(b) Article 1(2) is amended as follows:

(i) the first indent is replaced by the following:

— South-eastern Neighbours: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Former Yugoslav Republic of Macedonia, Romania, Serbia and Montenegro, Turkey;

(ii) in the second indent the words Cyprus, Malta and Turkey, are deleted.

2. In Article 2, the following subparagraph is added: The Commission shall report on the application of this Decision by 31 July 2006 at the latest.

Article 2

This Decision shall take effect on the day of its adoption.

Done at Brussels, 22 December 2004. For the Council The President C. Veerman

Versions

  1. 2004-12-22

Cited by

  • Definitive adoption (EU, Euratom) 2024/207 of the European Union’s annual budget for the financial year 2024 Act · Grade B
    These contributions shall constitute external assigned revenue in accordance with Article 21(2), point (d) and (e) of the Financial Regulation. PILOT PROJECTS, PREPARATORY ACTIONS, PREROGATIVES AND OTHER ACTIONS Title Chapter Article Item Heading FF 2024 appropriations 2023 appropriations 2022 out-turn % Payments 2022/2024 Commitments Payments Commitments Payments Commitments Payments 14 20PILOT PROJECTS, PREPARATORY ACTIONS, PREROGATIVES AND OTHER ACTIONS 14 20 01 Pilot projects 6 p.m. p.m. p.m. p.m. 0,— 277107,76 14 20 02 Preparatory actions 6 p.m. p.m. p.m. p.m. 0,— 15616,65 14 20 03Other a
  • Definitive adoption (EU, Euratom) 2026/72 of the European Union’s annual budget for the financial year 2026 Act · Grade B
    In accordance with Articles 21 and 22 of the Financial Regulation, any assigned revenue entered in the statement of revenue give rise to the provision of corresponding appropriations and to implementation under this chapter. The related estimated amounts as well as the corresponding article or item of the statement of revenue are indicated, wherever possible, in the relevant budget lines. Regulation (EU) 2022/2463 of the European Parliament and of the Council of 14 December 2022 establishing an instrument for providing support to Ukraine for 2023 (macro-financial assistance +) (OJ L 322, 16.12
  • Definitive adoption (EU, Euratom) 2021/417 of the European Union’s general budget for the financial year 2021 Act · Grade B
    Appropriations 2021 Appropriations 2020 Outturn 2019 Commitments Payments Commitments Payments Commitments Payments p.m. p.m. New article This appropriation is intended to provide the financial resources for the provisioning of the common provisioning fund, for budgetary guarantees for Euratom loans in third countries. Assigned revenue may give rise to additional appropriations, including under budgetary guarantees for loans granted under previous MFFs. Council Regulation (EC, Euratom) No 480/2009 of 25 May 2009 establishing a Guarantee Fund for external actions (OJ L 145, 10.6.2009, p. 10). R
  • Definitive adoption (EU, Euratom) 2021/417 of the European Union’s general budget for the financial year 2021 Act · Grade B
    From 1 January 2007, loans with Bulgaria and Romania cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 of 22 December 2004 amending Regulation (EC, Euratom) No 2728/94 establishing a Guarantee Fund for external actions (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Guarantee Fund. EUROPEAN GUARANTEE FOR EUROPEAN INVESTMENT BANK LOANS TO MEDITERRANEAN COUNTRIES Legal basis Some of the countries included in the legal bases below are now Member States or are considered to be pre-accession countries. Furthermore, the
  • Definitive adoption (EU, Euratom) 2021/417 of the European Union’s general budget for the financial year 2021 Act · Grade B
    Loans with new Member States cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 of 22 December 2004 amending Regulation (EC, Euratom) No 2728/94 establishing a Guarantee Fund for external actions (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Guarantee Fund. EUROPEAN UNION GUARANTEE FOR LOANS GRANTED BY THE EUROPEAN INVESTMENT BANK IN THIRD COUNTRIES OF CENTRAL AND EASTERN EUROPE AND THE WESTERN BALKANS Legal basis Some of the countries included in the legal bases below are now Member States or are considered to b
  • Definitive adoption (EU, Euratom) 2021/417 of the European Union’s general budget for the financial year 2021 Act · Grade B
    Loans with new Member States cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 of 22 December 2004 amending Regulation (EC, Euratom) No 2728/94 establishing a Guarantee Fund for external actions (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Guarantee Fund. EUROPEAN UNION GUARANTEE TO THE EUROPEAN INVESTMENT BANK AGAINST LOSSES UNDER LOANS FOR PROJECTS IN CERTAIN ASIAN AND LATIN AMERICAN COUNTRIES Legal basis Council Decision 93/115/EEC of 15 February 1993 granting a Community guarantee to the European Investment
  • Definitive adoption (EU, Euratom) 2021/417 of the European Union’s general budget for the financial year 2021 Act · Grade B
    EUROPEAN UNION GUARANTEE FOR EUROPEAN INVESTMENT BANK LOANS TO SOUTH AFRICA Legal basis Council Decision 95/207/EC of 1 June 1995 granting a Community guarantee to the European Investment Bank against losses under loans for projects in South Africa (OJ L 131, 15.6.1995, p. 31). Council Decision 97/256/EC of 14 April 1997 granting a Community guarantee to the European Investment Bank against losses under loans for projects outside the Community (Central and Eastern Europe countries, Mediterranean countries, Latin American and Asian countries, South Africa, the former Yugoslav Republic of Macedo
  • Definitive adoption (EU, Euratom) 2016/150 of the European Union’s general budget for the financial year 2016 Act · Grade B
    The Commission, when implementing this article, should take duly into account the outcomes of the meetings of the Interinstitutional Group on Information (IGI). The implementation of the Commission’s communication strategy takes place in close coordination with the Member States and the European Parliament. The Commission adopts a strategy and an annual work plan drawing on the orientations set out in its Communication of 11 August 2004 (COM(2004) 552 final) and it reports regularly to the relevant committee of the European Parliament on the implementation of the programme and on planning for
  • Definitive adoption (EU, Euratom) 2016/150 of the European Union’s general budget for the financial year 2016 Act · Grade B
    From 1 January 2007, loans with Bulgaria and Romania cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Fund. EUROPEAN GUARANTEE FOR EUROPEAN INVESTMENT BANK LOANS TO MEDITERRANEAN COUNTRIES Legal basis Some of the countries included in the legal bases below are now Member States or are considered to be pre-accession countries. Furthermore, the names of the countries may have changed since the relevant legal bases were adopted. Council Decision of 8 March 1977 (Medite
  • Definitive adoption (EU, Euratom) 2016/150 of the European Union’s general budget for the financial year 2016 Act · Grade B
    Loans with new Member States cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Fund. EUROPEAN UNION GUARANTEE FOR LOANS GRANTED BY THE EUROPEAN INVESTMENT BANK IN THIRD COUNTRIES OF CENTRAL AND EASTERN EUROPE AND THE WESTERN BALKANS Legal basis Some of the countries included in the legal bases below are now Member States or are considered to be pre-accession countries. Furthermore, the names of the countries may have changed since the relevant legal bases were adopte
  • Definitive adoption (EU, Euratom) 2016/150 of the European Union’s general budget for the financial year 2016 Act · Grade B
    Loans with new Member States cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Fund. Decision No 1080/2011/EU, which entered into force on 30 October 2011, increased the aggregate amount of credits disbursed and guarantees provided under EIB financing operations from EUR 25800000000 to EUR 29484000000 (EUR 2000000000 for financing of climate change operations and EUR 1684000000 for enhancing EIB risk operations). EUROPEAN UNION GUARANTEE TO THE EUROPEAN INVESTMENT BA
  • Definitive adoption (EU, Euratom) 2016/150 of the European Union’s general budget for the financial year 2016 Act · Grade B
    EUROPEAN UNION GUARANTEE FOR EUROPEAN INVESTMENT BANK LOANS TO SOUTH AFRICA Legal basis Council Decision 95/207/EC of 1 June 1995 granting a Community guarantee to the European Investment Bank against losses under loans for projects in South Africa (OJ L 131, 15.6.1995, p. 31). Council Decision 97/256/EC of 14 April 1997 granting a Community guarantee to the European Investment Bank against losses under loans for projects outside the Community (Central and Eastern Europe countries, Mediterranean countries, Latin American and Asian countries, South Africa, the former Yugoslav Republic of Macedo
  • Definitive adoption (EU, Euratom) 2019/333 of the European Union’s general budget for the financial year 2019 Act · Grade B
    The Commission, when implementing this article, should take duly into account the outcomes of the meetings of the Interinstitutional Group on Information (IGI). The implementation of the Commission’s communication strategy takes place in close coordination with the Member States and the European Parliament. The Commission adopts a strategy and an annual work plan drawing on the orientations set out in its Communication of 11 August 2004 (COM(2004) 552 final) and it reports regularly to the relevant committee of the European Parliament on the implementation of the programme and on planning for
  • Definitive adoption (EU, Euratom) 2019/333 of the European Union’s general budget for the financial year 2019 Act · Grade B
    From 1 January 2007, loans with Bulgaria and Romania cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Fund. EUROPEAN GUARANTEE FOR EUROPEAN INVESTMENT BANK LOANS TO MEDITERRANEAN COUNTRIES Legal basis Some of the countries included in the legal bases below are now Member States or are considered to be pre-accession countries. Furthermore, the names of the countries may have changed since the relevant legal bases were adopted. Council Decision of 8 March 1977 (Medite
  • Definitive adoption (EU, Euratom) 2019/333 of the European Union’s general budget for the financial year 2019 Act · Grade B
    Loans with new Member States cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Fund. EUROPEAN UNION GUARANTEE FOR LOANS GRANTED BY THE EUROPEAN INVESTMENT BANK IN THIRD COUNTRIES OF CENTRAL AND EASTERN EUROPE AND THE WESTERN BALKANS Legal basis Some of the countries included in the legal bases below are now Member States or are considered to be pre-accession countries. Furthermore, the names of the countries may have changed since the relevant legal bases were adopte
  • Definitive adoption (EU, Euratom) 2019/333 of the European Union’s general budget for the financial year 2019 Act · Grade B
    Loans with new Member States cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Fund. EUROPEAN UNION GUARANTEE TO THE EUROPEAN INVESTMENT BANK AGAINST LOSSES UNDER LOANS FOR PROJECTS IN CERTAIN ASIAN AND LATIN AMERICAN COUNTRIES Legal basis Council Decision 93/115/EEC of 15 February 1993 granting a Community guarantee to the European Investment Bank against losses under loans for projects of mutual interest in certain third countries (OJ L 45, 23.2.1993, p. 27). Counc
  • Definitive adoption (EU, Euratom) 2019/333 of the European Union’s general budget for the financial year 2019 Act · Grade B
    EUROPEAN UNION GUARANTEE FOR EUROPEAN INVESTMENT BANK LOANS TO SOUTH AFRICA Legal basis Council Decision 95/207/EC of 1 June 1995 granting a Community guarantee to the European Investment Bank against losses under loans for projects in South Africa (OJ L 131, 15.6.1995, p. 31). Council Decision 97/256/EC of 14 April 1997 granting a Community guarantee to the European Investment Bank against losses under loans for projects outside the Community (Central and Eastern Europe countries, Mediterranean countries, Latin American and Asian countries, South Africa, the former Yugoslav Republic of Macedo
  • Definitive adoption (EU, Euratom) 2022/182 of the European Union’s general budget for the financial year 2022 Act · Grade B
    Appropriations 2022 Appropriations 2021 Outturn 2020 Commitments Payments Commitments Payments Commitments Payments 1123978 1123978 p.m. p.m. This appropriation is intended to provide the financial resources for the provisioning of the common provisioning fund, for budgetary guarantees for Euratom loans in third countries. Assigned revenue may give rise to additional appropriations, including under budgetary guarantees for loans granted under previous MFFs. Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the
  • Definitive adoption (EU, Euratom) 2022/182 of the European Union’s general budget for the financial year 2022 Act · Grade B
    From 1 January 2007, loans with Bulgaria and Romania cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 of 22 December 2004 amending Regulation (EC, Euratom) No 2728/94 establishing a Guarantee Fund for external actions (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Guarantee Fund. EUROPEAN GUARANTEE FOR EUROPEAN INVESTMENT BANK LOANS TO MEDITERRANEAN COUNTRIES Legal basis Some of the countries included in the legal bases below are now Member States or are considered to be pre-accession countries. Furthermore, the
  • Definitive adoption (EU, Euratom) 2022/182 of the European Union’s general budget for the financial year 2022 Act · Grade B
    Loans with new Member States cease to be external actions (see Regulation (EC, Euratom) No 2273/2004 of 22 December 2004 amending Regulation (EC, Euratom) No 2728/94 establishing a Guarantee Fund for external actions (OJ L 396, 31.12.2004, p. 28)) and are therefore covered directly by the Union budget and no longer by the Guarantee Fund. EUROPEAN UNION GUARANTEE FOR LOANS GRANTED BY THE EUROPEAN INVESTMENT BANK IN THIRD COUNTRIES OF CENTRAL AND EASTERN EUROPE AND THE WESTERN BALKANS Legal basis Some of the countries included in the legal bases below are now Member States or are considered to b