Considerations on COM(2014)347 - Financial contributions to be paid by Member states to finance the European Development fund in 2014, including the second instalment for 2014

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dossier COM(2014)347 - Financial contributions to be paid by Member states to finance the European Development fund in 2014, including the second ...
document COM(2014)347 EN
date June 13, 2014
 
(1) In accordance with the procedure laid down in Articles 57 to 61 of the 10th EDF Financial Regulation , the Commission is presenting a proposal by 15 June specifying (a) the amount of the second instalment of the contribution for 2014, and (b) a revised annual amount of the contribution for the year 2014 in line with actual needs, in case where, in accordance with Article 7(3) of the Internal Agreement, the annual amount deviate from actual needs.

(2) The Council has adopted on the 8th of November 2013, on a proposal made by the Commission, the decision to fix at EUR 3.100.000.000 the Commission's share and at 150.000.000 the EIB's share of the annual amount of the Member States contributions to the EDF for 2014.

(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) Article 58(2) of the 10th European Development Fund (hereafter 'the EDF') Financial Regulation provides that calls for contributions first use up the amounts provided 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 for the EIB.