Considerations on COM(2015)524 - Financial contributions to be paid by Member States to finance the European Development Fund, including the 2017 ceiling and the amount and first instalment for 2016

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dossier COM(2015)524 - Financial contributions to be paid by Member States to finance the European Development Fund, including the 2017 ceiling and ...
document COM(2015)524 EN
date November 30, 2015
 
table>(1)In accordance with the procedure laid down in Articles 21 to 24 of the 11th EDF Financial Regulation, the Commission is to present a proposal specifying the ceiling of the annual amount of the Member States' contributions for 2017, the amount of the contribution for 2016, the amount of the first instalment of the contribution for 2016, and an indicative and non-binding forecast for contributions for 2018 and 2019.
(2)In accordance with Article 52 of the 11th EDF Financial Regulation, the European Investment Bank (EIB) has sent the Commission its updated estimates of commitments and payments under the instruments it manages.

(3)Article 22(1) of the 11th EDF Financial Regulation provides for calls for contributions to first use up the amounts provided by previous EDFs. Therefore, a call for funds under the 10th EDF should be made.

(4)On 10 November 2014, the Council adopted a decision setting the ceiling for the annual amount of the Member States' EDF contributions for 2016 at EUR 3 350 000 000 for the Commission, and at EUR 250 000 000 for the EIB.

(5)In accordance with the second subparagraph of Article 1 of Council Decision 2013/759/EU (3), the shares of the Member States' contributions set out in Article 1(2)(a) of the Internal Agreements of the 8th, 9th and 10th EDFs are to be reduced accordingly after the entry into force of the 11th EDF Internal Agreement. The reductions will have an impact on the Member States' contributions for 2015, 2016 and 2017 according to the option for adjustment chosen by each Member State,