Considerations on COM(2019)467 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2019

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dossier COM(2019)467 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment ...
document COM(2019)467 EN
date October 24, 2019
 
table>(1)In accordance with the procedure laid down in Article 19 of the 11th EDF Financial Regulation, the Commission is to present a proposal by 10 October 2019 specifying (a) the amount of the third instalment of the contribution for 2019, (b) a revised annual amount of the contribution for 2019, in cases where the amount deviates from actual needs.
(2)In accordance with Article 46 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 20(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 10th EDF for the EIB and under the 11th EDF for the Commission should be made.

(4)By means of Decision (EU) 2018/1715 (3), the Council has adopted, on 12 November 2018, on a proposal by the Commission, the Decision to set the annual amount of the Member States’ EDF contributions for 2019 at EUR 4 400 000 000 for the Commission, and at EUR 300 000 000 for the EIB,