Considerations on COM(2018)669 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2018

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dossier COM(2018)669 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment ...
document COM(2018)669 EN
date October 31, 2018
 
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 2018 specifying: (a) the amount of the third instalment of the contribution for 2018; and (b) a revised annual amount of the contribution for 2018, 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 for funds called by the Commission.

(4)On 9 July 2018, the Council adopted Decision (EU) 2018/965 (3), setting the annual amount of the Member States' EDF contributions for 2018 at EUR 4 250 000 000 for the Commission and at EUR 250 000 000 for the EIB,