Considerations on COM(2014)645 - Financial contributions by Member states to finance the European Development fund, including the ceiling for 2016, the amount for 2015 and the first instalment for 2015

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dossier COM(2014)645 - Financial contributions by Member states to finance the European Development fund, including the ceiling for 2016, the ...
document COM(2014)645 EN
date October 16, 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 October specifying (a) the ceiling of the annual amount of the Member States contribution for 2016, (b) the amount of the contribution for 2015, and (c) the amount of the first instalment of the contribution for 2015.

(2) 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.

(3) 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 10th EDF should be made,

(4) The Council has adopted on the 7th of November 2013, on a proposal made by the Commission, the decision to fix at EUR 3 300 000 000 the Commission's share and at EUR 300 000 000 the EIB's share of the Member States contributions to the EDF for 2015[4]