Considerations on COM(2016)654 - Financial contributions to be paid by Member States to finance the European Development Fund, including ceiling for 2018 and annual amount plus first instalment for 2017

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dossier COM(2016)654 - Financial contributions to be paid by Member States to finance the European Development Fund, including ceiling for 2018 and ...
document COM(2016)654 EN
date November 15, 2016
 
table>(1)In accordance with the procedure laid down in Article 21(2) of the 11th EDF Financial Regulation, the Commission presented a proposal by 15 October 2016 specifying (a) the ceiling for the annual amount of the contribution for 2018; (b) the annual amount of the contribution for 2017; (c) the amount of the first instalment of the contribution for 2017; and (d) an indicative, non-binding forecast for the expected annual amounts of contributions for the years 2019 to 2020.
(2)In accordance with Article 52 of the 11th EDF Financial Regulation, the European Investment Bank (EIB) sent on 28 July 2016 to 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 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.

(4)By means of Decision (EU) 2015/2288 (4), the Council has adopted on the 30 November 2015, on a proposal by the Commission, the Decision to set the ceiling for Member States' EDF contributions for 2017 at EUR 3 850 000 000 for the Commission, and at EUR 150 000 000 for the EIB.

(5)By means of Decision 2013/759/EU, (5) the Council has adopted the creation of a 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 (‘the Bridging Facility’),