Mobilisation of the Flexibility Instrument: Banana Accompanying Measures (BAM) for ACP countries

PURPOSE: to mobilise the Flexibility Instrument in order to complement the financing in the 2010 budget, beyond the ceiling of heading 4, of EUR 18.3 million towards the financing of the Banana Accompanying Measures (BAM).

PROPOSED ACT: Decision of the European Parliament and of the Council.

CONTENT: the Interinstitutional Agreement of 17 May 2006 (see ACI/2004/2099) allows for the mobilisation of the Flexibility Instrument to allow the financing of clearly identified expenditure which could not be financed within the limits of the ceilings available for one or more headings of the multiannual financial framework.

Having examined all possibilities for re-allocating appropriations under heading 4, the Commission proposes to mobilise the Flexibility Instrument for the financing of the Banana Accompanying Measures (BAM), for an amount of EUR 18.3 million beyond the ceiling of heading 4.

A draft amending budget has been presented in parallel (see BUD/2010/2048).