Considerations on COM(2018)688 - Financial contributions to be paid by Member States for the European Development Fund, including the ceiling for 2020, the amount for 2019, and a forecast for 2021, 2022

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dossier COM(2018)688 - Financial contributions to be paid by Member States for the European Development Fund, including the ceiling for 2020, the ...
document COM(2018)688 EN
date November 12, 2018
 
table>(1)In accordance with the procedure laid down in Article 21(2) of Regulation (EU) 2015/323, the Commission is to present a proposal by 15 October 2018 specifying: (a) the ceiling amount of the contribution for 2020; (b) the annual amount of the contribution for 2019; (c) the amount of the first instalment of the contribution for 2019; and (d) an indicative, non-binding forecast for the expected annual amounts of contributions for the years 2021-2022.
(2)In accordance with Article 52 of Regulation (EU) 2015/323, 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 Regulation (EU) 2015/323 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 for the EIB and 11th EDF for the Commission should be made.

(4)Council Decision (EU) 2017/2171 (3) has set out the ceiling for the annual amount of the Member States' EDF contributions for 2019 at EUR 4 600 000 000 for the Commission, and at EUR 300 000 000 for the EIB,