STABEX


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STABEX

the system of stabilization of export earnings which was operated by the European Union to assist the developing countries who were signatories to the various Lomé conventions (now replaced by the COTONOU AGREEMENT).
References in periodicals archive ?
The waivers and kick-starting of the Stabex revolving fund, which are part of the Kenya government initiatives, are key pillars in boosting the country's coffee sector and was a key campaign plunk during the 2017 presidential election in Kenya in which President Kenyatta was controversially re-elected.
Compact and powerful, the Stabex HF LED torchlight is protected by an IP65 chemical-resistant enclosure and a mineral glass, scratchproof lens.
A sum of ECU 70 million was allocated for the promotion of regional trade and the development of the services sector.5 The STABEX system was also improved.
En otras palabras, 33 millones de ecus por ano, que implicaban una parte programable de 115 millones de ecus (para los programas orientativos por cada PTU y cooperacion regional), y otra no programable de 50 millones dedicada a las distintas herramientas tematicas (capitales de riesgo, STABEX, SYSMIN, bonificaciones de interes, ayudas de urgencia y refugiados) (CCE, 1999, 26).
In Lome 11 the Sysmin mechanism similar to Stabex, was introduced for mining products.
(4) Los paises ACP fueron incluidos en la ayuda programable en la forma de Programas Nacionales y Regionales Indicativos, mientras la ayuda no programable fue garantizada sobre una base de caso por caso, a traves de los Stabex y Sysmin: el Stabex, un esquema de estabilizacion a las exportaciones, cubre 48 productos agricolas y provee un grado de estabilidad a traves de transferencias compensatorias, y el Sysmin, el cual cubre exportaciones de minerales claves y busca salvaguardar la produccion minera.
Fortunately, Z$100 million (US$2.5 million) has been given to Zimbabwe by the European Union through "Stabex," which provides help when a commodity suffers a natural disaster.
It was beginning to lobby the European Union to unfreeze Stabex funds to help compensate Burundi for its coffee export revenue losses.
The money is being made available through the European Union's (EU) Stabex mechanism for the program, that starts this year and runs to the end of 2002;
A compensatory mechanism in Lome I was created under the STABEX scheme to make up for losses in export earnings due to price fluctuations.
In the Cotonou Agreement, FLEX replaced STABEX, and provides general budget support instead of sector-specific assistance.
Supported by the European Union's Stabex program, a $14-million replanting scheme was launched in Tanzania in 1997, with funds for seedlings and farm inputs channeled through the Ministry of Agriculture's Coffee Management Unit (CMU).