Considerations on COM(2017)625 - Financial contributions to be paid by Member States to finance the European Development Fund, including the ceiling for 2019 and a non-binding forecast for 2020 and 2021

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dossier COM(2017)625 - Financial contributions to be paid by Member States to finance the European Development Fund, including the ceiling for 2019 ...
document COM(2017)625 EN
date November 20, 2017
 
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 2017 specifying (a) the ceiling for the annual amount of the Member States' European Development Fund (EDF) contributions for 2019; (b) the annual amount of the Member States' EDF contributions for 2018; (c) the amount of the first instalment of the contribution for 2018; and (d) an indicative, non-binding forecast for the expected annual amounts of contributions for the years 2020 and 2021.
(2)In accordance with Article 52 of the 11th EDF Financial Regulation, the European Investment Bank (EIB) sent on 4 September 2017 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 EDFs. Therefore a call for funds under the 10th EDF for the EIB and the 11th EDF for the Commission should be made.

(4)Council Decision (EU) 2016/2026 (4) has set out the ceiling for the annual amount of the Member States' EDF contributions for 2018 at EUR 4 550 000 000 for the Commission, and at EUR 250 000 000 for the EIB.

(5)Council Decision (EU) 2017/1206 (5) has established a reduction of contribution from the Eighth and Ninth EDF decommitted funds for an amount of EUR 200 000 000,