International Fund for Ireland: EC financial contribution for the period 1995-1997

The Council adopted Regulation (EC) No 2687/94 on Community financial contributions for the period 1995/97 to the International Fund for Ireland. The adopted regulation provided for a Community contribution to the Fund of ECU 20 million per year until the end of 1997. This aid should be used for cross-border and cross-community projects, in accordance with the objectives set out in the agreement establishing the Fund. It should also be used to supplement other public and private expenditure. Before the end of 1996, the Commission should draw up a report for Parliament and the Council assessing the need for continuing contributions beyond 1997. �