Considerations on COM(2010)556 - Financial contributions to be paid by the Member States to finance the European Development Fund in 2011 and 2012, including the first instalment for 2011

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dossier COM(2010)556 - Financial contributions to be paid by the Member States to finance the European Development Fund in 2011 and 2012, including ...
document COM(2010)556 EN
date October 14, 2010
 
(1) In accordance with the procedure laid down in Articles 57 to 61 of the 10th EDF Financial Regulation, the Commission should present a proposal by 15 October 2010 specifying the ceiling for the annual amount of the Member States European Development Fund (EDF) contribution for 2012, the annual amount of the contribution for 2011 and the amount of the first instalment of the contribution for 2011.

(2) Article 58(2) of the 10th EDF Financial Regulation provides that calls for contributions first use up the amounts laid down for previous EDFs. Therefore a call for funds under the 9th EDF should be made also on the basis of Article 58 (2) of the 10th EDF Financial Regulation. 10th EDF funds will be called for the first time in 2011.

(3) In accordance with the first paragraph of Article 145 of the 10th EDF Financial Regulation, the European Investment Bank has sent the Commission its updated estimates of commitments and payments under the instruments it manages.

(4) The Council should decide on this proposal by 15 November 2010, and Member States should pay the first instalment of the contribution for 2011 at the latest by 21 January 2011.