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New Trends in EC-ACP Relations: Lomé IV and Structural Adjustment

In: Development Perspectives for the 1990s

Author

Listed:
  • Trevor W. Parfitt

Abstract

In December 1989 the EC and sixty-seven African, Caribbean and Pacific states (the ACP) signed the fourth Lomé Convention in Togo. The Lomé trade and aid arrangements have become a firmly established element in North-South relations since their inception in 1975. One of the central benefits offered under the Lomé regime is concessional aid. Much of the funding disbursed by the European Development Fund (EDF) is in the form of grants and low interest loans. It also entails relatively low conditionality, the EDF’s only stipulation being that it should be spent on EC goods and services.

Suggested Citation

  • Trevor W. Parfitt, 1991. "New Trends in EC-ACP Relations: Lomé IV and Structural Adjustment," Palgrave Macmillan Books, in: Renee Prendergast & H. W. Singer (ed.), Development Perspectives for the 1990s, chapter 2, pages 17-35, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-21630-7_2
    DOI: 10.1007/978-1-349-21630-7_2
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