Considerations on COM(2018)477 - Financial contributions to be paid by Member States to finance the European Development Fund, including the second instalment for 2018

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dossier COM(2018)477 - Financial contributions to be paid by Member States to finance the European Development Fund, including the second ...
document COM(2018)477 EN
date July  6, 2018
 
table>(1)In accordance with the procedure laid down in Article 21(3) of Regulation (EU) 2015/323 (‘the 11th EDF Financial Regulation’), the Commission is to present a proposal by 15 June 2018 specifying the amount of the second instalment of the contribution for 2018 and a revised annual amount of the contribution for 2018, in cases where that annual amount deviates from actual needs.
(2)On 15 April 2018, in accordance with Article 52 of the 11th EDF Financial Regulation, the European Investment Bank (‘EIB’) sent its updated estimates of commitments and payments under the instruments it manages to the Commission.

(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 11th EDF for the Commission should be made.

(4)On 20 November 2017, the Council adopted Decision (EU) 2017/2171 (3), setting 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,