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

  • Trevor W. Parfitt


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.


Structural Adjustment Primary Commodity European Capital Economic Diversification European Investment Bank 
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© Development Studies Association 1991

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  • Trevor W. Parfitt

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