Examples of using Stabex in English and their translations into German
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Commodities, Stabex and Sysmin.
Sysmin and Stabex have not contributed to the diversification of the exports of the ACP countries.
On 26 July the Commission decided on the following 42 Stabex transfers for the 1987 application year.
TABLE 16 Stabex: Transfers made for 1975.
Loans from own resources, risk capital European Development Fund(EDF)grants including Sysmin, Stabex Technical assistance.
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But however useful it is, Stabex is no more than a form of compensation.
The Stabex budget has been significantly increased, from ECU 925 million to ECU 1 500 million.
Stabilization of export earnings( Stabex)(*): The new Stabex has been allocated ECU 1 500 million.
Stabex provides for compensation to offset the revenue losses sustained when certain thresholds are exceeded.
Forecast expenditure in 2001 is EUR 2 553 million for current operations andEUR 0 mil lion for Stabex.
LEGAL BASIS:Articles 186-212(Stabex), Articles 214-219(Sysmin), Annexes XLIII-XLIX of the Fourth Lomé Convention. tion.
In addition, non-programmed aid under the EDF, such as structural adjustment, Sysmin and Stabex(ECU 94 million from 1990, 1991,1992 and 1993) remains suspended.
Stabex(Article 187): 49 products(examples: ground nuts, cocoa, raw or roasted coffee, palm-nut oil, skins and leathers, pepper, rubber, etc.);
The Community and the ACP States hadagreed that the system for the stabilization of export earnings(Stabex) would be applied for the first time in respect of 1975.
Progress was made in implementing the Stabex framework of mutual obligations concerning structural reforms in the fisheries sector.
The other issues discussed at these meetings aredescribed in the relevant individual chapters in this report Trade, Stabex, Sugar, Industrial Cooperation, Financial Cooperation, etc.
The agreement replaces Stabex and Sysmin with a support system designed to mitigate the adverse effects of shortterm fluctuations in export revenue.
These special provisions concern both financial cooperation(determination of the volume of aid and the conditions under which it is granted, reduction in the interestrate on special loans from 1% to 0.75%) and Stabex.
Stabex was relatively active in 1999 with transfer of resources to some 15 ACP eligible countries under the 1998 year of application.
The Council of Ministers also examined some problems relating to Stabex transfer requests made by Upper Volta(groundnuts, cotton) and Ethiopia(sesame seed) for 1979o.
Stabex: Lomé IV offers the ACP States the advantage of no longer having to repay the transfers, thus avoid ing any increase in their debt.
Themes and sectors: the two sides seized the opportunity to strengthen or amend provisions in areas of specific cooperation, namely cultural, industrial and decentralized cooperation,shipping and Stabex.
Receipts: whilst 79.4 Mio ECU of Stabex interest has been booked as appropriations, actual receipts were only 60.9 Mio ECU 3.28.
Stabex: 506 184 m ECU,• special aid: 192 857 m ECU,• mining products: 128 840 m ECU,• risk capital: 277 523 m ECU,• interest premiums: 116 506 m ECU.
In essence, it reviewed the main areas of cooperation: agricultural com modities, trade cooperation,customs cooperation, Stabex, Sysmin, financial and technical cooperation, industrial cooperation and agricultural cooperation.
Stabex, the Community's system for stabilizing export earnings, has already been mentioned in the first chapter, in connection with cash crops.
The instruments we had formerly, such as Stabex for price stabilization, were important ones in enabling emergence from the dependence of colonialism.
Furthermore, Stabex counterpart funds were not always lodged in separate accounts from other counterpart funds, although there is a provision to that effect in the Lomé Convention.
Expres« concern that in the areas of trade, commoditie, Stabex, Sysmin and financial and technical cooperation, the main instruments of the Convention, at well as the problems of debt and structural adjustment no appreciable progress has been made.
With regard to Stabex, and future supportin circumstances of short term fluctuations in exportreceipts provided for under the Cotonou Agreement, the new programmes will not only contribute toinstitutional reform but also to macroeconomicstability.