Considerations on COM(2017)599 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2017

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dossier COM(2017)599 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment ...
document COM(2017)599 EN
date November  8, 2017
 
table>(1)In accordance with the procedure laid down in Article 21(5) of the 11th EDF Financial Regulation, the Commission is to present a proposal by 10 October 2017 specifying (a) the amount of the third instalment of the contribution for 2017, (b) a revised annual amount of the contribution for 2017, in cases where the amount deviates from actual needs.
(2)In accordance with Article 52 of the 11th EDF Financial Regulation, the European Investment Bank (EIB) sent 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 11th EDF should be made.

(4)By means of Decision (EU) 2016/2026 (4), the Council has adopted, on 15 November 2016, on a proposal by the Commission, the Decision to set the annual amount of the 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 (EU) 2017/1206 (5), the Council has adopted, on 4 July 2017, a reduction of contribution from the Eighth and Ninth EDF decommitted funds for an amount of EUR 200 000 000,