Introductory text

United Kingdom

Council Decision (EU) 2015/354

of 2 March 2015

adopting the Rules of Procedure of the Investment Facility Committee set up under the auspices of the European Investment Bank

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on European Union,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to the Internal Agreement between the Representatives of the Governments of the Member States, meeting within the Council, on the financing of European Union aid under the multiannual financial framework for the period 2014 to 2020, in accordance with the ACP-EU Partnership Agreement, and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the Treaty on the Functioning of the European Union applies^f1 (‘Internal Agreement’), and in particular Article 9(2) thereof,

Having regard to the proposal from the European Investment Bank,

Whereas:

(1)

The Partnership Agreement between the members of the African, Caribbean and Pacific Group of States, of the one part and the European Community and its Member States, of the other part, signed in Cotonou on 23 June 2000^f2, as first amended in Luxembourg on 25 June 2005^f3 and as amended for the second time in Ouagadougou on 22 June 2010^f4 (‘ACP-EU Partnership Agreement’), provides for the definition of financial protocols for each five-year period.

(2)

On 26 June 2013, the Representatives of the Governments of the Member States, meeting within the Council, adopted an Internal Agreement in accordance with the ACP-EU Partnership Agreement, providing for the setting up of a Committee (‘the Investment Facility Committee’) consisting of Representatives of the Governments of the Member States and of a representative of the Commission under the auspices of the European Investment Bank (EIB).

(3)

On 17 November 2014, the EIB, after consulting the Commission, presented a proposal for a Decision adopting the rules of procedure of the Investment Facility Committee to the Council.

(4)

The rules of procedure of the Investment Facility Committee should take into account the relevant provisions of Council Decision 2013/755/EU^f5 and of Council Regulation (EU) 2015/322^f6,

HAS ADOPTED THIS DECISION:

Annotations

Footnotes

f1: OJ L 210, 6.8.2013, p. 1.
f2: OJ L 317, 15.12.2000, p. 3.
f3: OJ L 287, 28.10.2005, p. 4.
f4: OJ L 287, 4.11.2010, p. 3.
f5: Council Decision 2013/755/EU of 25 November 2013 on the association of the Overseas Countries and Territories (OCTs) with the European Union (‘Overseas Association Decision’) (OJ L 344, 19.12.2013, p. 1).
f6: Regulation (EU) 2015/322 of 2 March 2015 on the implementation of the 11th European Development Fund (OJ L 58, 3.3.2015, p. 1).