Considerations on COM(2016)651 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2016

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dossier COM(2016)651 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment ...
document COM(2016)651 EN
date October 28, 2016
 
table>(1)In accordance with Article 52 of the 11th EDF Financial Regulation, the European Investment Bank sent on 28 July 2016 to the Commission its updated estimates of commitments and payments under the instruments it manages.
(2)Article 22(1) of the 11th EDF Financial Regulation provides that calls for contributions first use up the amounts provided for in previous European Development Funds (EDFs). Therefore a call for funds under the 10th EDF should be made.

(3)The Council has adopted on the 24 November 2015, on a proposal by the Commission, the Decision to set the ceiling for the annual amount of the Member States' EDF contributions for 2016 at EUR 3 450 000 000 for the Commission, and at EUR 150 000 000 for the European Investment Bank.

(4)By means of Decision 2013/759/EU (4), the Council has adopted the creation of the Bridging Facility on 12 December 2013 regarding transitional EDF management measures from 1 January 2014 until the entry into force of the 11th European Development Fund,