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AMENDED SAPARD FINANCING OF EURO 564 MILLION FORESEEN FOR 2003.

The European Commission proposed as expected to make some technical changes concerning the SAPARD (Special Accession Programme for Agriculture and Rural Development) scheme at its weekly meeting on March 3 in Brussels, foreseeing a revised total funding of almost Euro 564 million for ten acceding/candidate countries for 2003. Formally speaking, the procedure was to obtain a Commission Decision to authorise EU Agriculture Commissioner Franz Fischler to sign with each of the eligible countries amendments to the existing Annual Financing Agreement which sets out the financial commitment for 2003. This would make available for SAPARD programmes some Euro 3.85 million of unused credits from the administrative management line B7-010A (control, studies, evaluation and visits to beneficiary countries).

Other modifications are foreseen, in order to:

- adapt the previous SAPARD Annual Financing Agreements to take account of EU contributions allocated to the applicant countries but not finally used at the date on which the country enters into contracts involving a form of assistance for rural development as a member of the EU. This amount shall be notified to the Commission for being de-committed.

- adapt the SAPARD Multi-annual Financing Agreements to take account of interest earned on the SAPARD Euro account but not accounted for by projects assisted under the programmes. The unused amount will be paid to the Commission.

The new funding envisaged for 2003 by country is as follows:

Include table: "Amendment to the Annual Financing Agreement 2003 - allocation by country"

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Title Annotation:Special Accession Programme for Agriculture and Rural Development
Publication:European Report
Article Type:Brief Article
Geographic Code:4E
Date:Mar 6, 2004
Words:241
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