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The Stabex (from French Système de Stabilisation des Recettes d'Exportation) is the acronym for a European Commission compensatory finance scheme to stabilise export earnings of the ACP countries. It was first introduced in the first Lomé Convention (1975)[1] with the purpose of remedying the harmful effects of the instability in export revenue from agricultural products.
Stabex (along with similar mechanism for the mineral products– Sysmin that was provided for in the second Lomé Convention (1979)) was abolished by Cotonou Agreement in 2000. The agreement has been linked closely to that of the IMF compensatory package. However the debate rages that these aren't as effective as free trade due to the long run instability of the products.
^"From Lomé I to IV". Archived from the original on 2014-05-04.
The Stabex (from French Système de Stabilisation des Recettes d'Exportation) is the acronym for a European Commission compensatory finance scheme to stabilise...
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havoc with government efforts to predict revenues and plan expenditures. Stabex (Stabilization of Export Earnings—see Glossary), a system of the EC, provides...
external sources of funds (such as Stabex) because of sharply reduced income to Cotontchad. In addition to Stabex, the EC's European Development Fund...
paying the producers heavily dependent on external sources of funds (such as Stabex), while the government completely exempted Cotontchad from the rebates to...