Article 16 EDF implementation in accordance with the principle of sound financial managementF1

The Commission shall assume the responsibilities of the Union as defined in Article 57 of the ACP-EU Partnership Agreement and in the Overseas Association Decision. To that end, it shall implement the revenue and expenditure of the EDF in accordance with the provisions of this Part and Part Three of this Regulation, under its own responsibility and within the limits of the EDF resources.

The Member States shall cooperate with the Commission so that the EDF resources are used in accordance with the principle of sound financial management.