The Treaty of Rome granted associated status to 31 overseas collectivities and territories (OCTs) and provided for the creation of a European Development Fund (EDF) intended to grant technical and financial assistance to the countries which were still under European rule at the time.
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The first cycle of the EDF was designed for a period of five years and took effect in 1959 (now in its 10th cycle and with a budget of €22.7 billion).
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Negotiations are currently ongoing for the 11th European Development Fund, which, as proposed, would cover the period 2014-2020.
contributions would be based on GNI and this may increase the voluntary contributions
The EU is also a leading provider of humanitarian aid, with over 20% of aid received in the ACP coming from the EU budget or from the European Development Fund (EDF).
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