The Czech koruna is not participating in ERM II. The Czech Republic operates a floating exchange rate regime, allowing for foreign exchange market interventions by the central bank.

Furthermore it discussed ways to a) find national projects with good potential to expand on the trans-European level, b) exchange good practices, c) map the state of the art in the different Member States, in order to identify areas where the leverage of the Community intervention is high, i.e. where needs are not met by the market.

There are several challenges to be met on the programming level: (a) in view of the monitoring problems encountered for the 2001-3 NAPincl, substantial efforts need to be made in order to build and consolidate an efficient information system; (b) from the point of view of the content of the operations, it is essential to target the priority areas more precisely, bearing in mind that exclusion from the labour market is only one of the many dimensions of poverty and social exclusion (moreover, the situation of the "working poor" in Portugal shows that the poverty risk extends beyond access to employment); (c) concerning the methodology t ...[+++]o be adopted, local partnerships working in networks using a method of "social planning" (including exchanges of good practice) seem to be the trump card of the "Social Network"; the operational challenge of the contract-based approach for helping the most vulnerable is linked above all to the rate of coverage of the universe in question and the swiftness of the intervention.

Cooperation in this area shall strengthen cooperation, exchange of knowledge and experience and partner countries' capacities on the four pillars of food security with a gender sensitive approach: food availability (production), access (including land, infrastructure for food transport from surplus to deficit areas, markets, establishing domestic food reserves, safety nets), utilisation (nutrition interventions in socially aware wa ...[+++]ys) and stability, while also addressing fair trade and prioritising five dimensions: smallholder agriculture and livestock-keeping, food processing to create added value, governance, regional integration and assistance mechanisms for vulnerable populations, by:

Reserve assets are those external assets that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to manage the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, or serving as a basis for foreign borrowing).

In the case of the transport costs referred to in Article 19(2) of Commission Regulation (EC) No 2771/1999 of 16 December 1999 laying down detailed rules for the application of Council Regulation (EC) No 1255/1999 as regards intervention on the market in butter and cream and in Article 11(2) of Commission Regulation (EC) No 214/2001 of 12 January 2001 laying down detailed rules for the application of Council Regulation (EC) No 1786/2003 as regards intervention on the market in skimmed-milk powder , the operative even ...[+++]t for the exchange rate must be based on the date of submission of tenders under public contracts.