# Council Decision of 21 December 1978 concerning the conclusion of the Agreement between the European Economic Community, the Member States and the International Development Association (79/195/EEC), Attachment

Extent: E+W+S+N.I.

AGREEMENT
between the European Economic Community (EEC) and Belgium, Denmark, the Federal Republic of Germany, France, Ireland, Italy, Luxembourg, the Netherlands, the United Kingdom, Member States of that Community (Member States), on the one hand, and the International Development Association (Association), on the other hand
WHEREAS:
(a) The EEC has decided to contribute to the Special Action Programme decided at the Conference on International Economic Cooperation in order to help meet the immediate needs of individual low-income countries facing general problems of transfer of resources hampering their development;
(b) In order to implement the abovementioned decision the EEC has requested the Association to administer for them a special account (Special Action Account) in the aggregate amount of the equivalent of 385 million dollars, to be kept separate and apart from all other accounts and assets of the Association and to be used for credits (Special Action Credits) in amounts which will be additional, in respect of both programme and project lending, to the amount of the Association's planned programme for the period of commitment of the Special Action Account for each country eligible to receive them and otherwise on the basis set forth below;
(c) It is the objective of the EEC and the Member States, and the Association shall use its best efforts to assure, that the entire amount to be contributed by the Member States be committed within six months from the effective date of the Agreement and disbursed on credits as far as possible within two years from the effective date;
(d) The EEC and the Association have consulted regarding the proposed implementation and administration of this Agreement and the commitment of funds to assure a broad and balanced geographical distribution thereunder. To that end the Association has furnished the EEC with a table showing the manner in which it would propose to apply the criteria set forth in this Agreement;
NOW THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS:
Udfærdiget i Bruxelles, den anden maj nitten hundrede og otteoghalvfjerds.
Geschehen zu Brüssel am zweiten Mai neunzehnhundertachtundsiebzig.
Done at Brussels on the second day of May in the year one thousand nine hundred and seventy-eight.
Fait à Bruxelles, le deux mai mil neuf cent soixante-dix-huit.
Fatto a Bruxelles, addì due maggio millenovecentosettantotto.
Gedaan te Brussel, de tweede mei negentienhonderd achtenzeventig.
Pour le royaume de Belgique
Voor het Koninkrijk België
For kongeriget Danmark
Für die Bundesrepublik Deutschland
Pour la République française
For Ireland
Per la Repubblica italiana
Pour le grand-duché de Luxembourg
Voor het Koninkrijk der Nederlanden
For the United Kingdom of Great Britain and Northern Ireland
For Rådet for De europæiske Fællesskaber
Für den Rat der Europäischen Gemeinschaften
For the Council of the European Communities
Pour le Conseil des Communautés européennes
Per il Consiglio delle Comunità europee
Voor de Raad van de Europese Gemeenschappen
For the International Development Association

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Source: https://www.legislation.gov.uk/eudn/1979/195/attachment/1 (the official version)
Page: https://openlegislation.uk/eu-decision-1979-195/attachment-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.