Considerations on COM(2020)234 - Financial contributions to be paid by Member States to finance the European Development Fund, including the second instalment for 2020 - Main contents

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dossier	COM(2020)234 - Financial contributions to be paid by Member States to finance the European Development Fund, including the second ...
document	COM(2020)234
date	June 12, 2020

(1) In accordance with the procedure laid down in Articles 19 to 22 of the 11th EDF Financial Regulation, the European Commission is to present a proposal by 15 June 2020 specifying (a) the amount of the second instalment of the contribution for 2020, (b) a revised annual amount of the contribution for 2020, 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 on 8 April 2020 to the European 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 EDFs. Therefore a call for funds under the 10th EDF for the EIB and 11th EDF for the Commission should be made.

(4) Article 55 of the 11th EDF Financial Regulation provides that the amounts from projects under the 10th EDF or from other previous EDFs not committed according to Article 1(3) of the Internal Agreement, or decommitted according to Article 1(4) of the Internal Agreement, unless decided otherwise by the Council unanimously, shall reduce that part of Member States' contributions stated in point (a) of Article 1(2) of the Internal Agreement.

(5) By means of Decision (EU) 2019/1800 ⁶ , the Council has adopted on the 24 October 2019, on a proposal by the European Commission, the Decision to set the annual amount of the Member States' EDF contributions for 2020 at EUR 4 400 000 000 for the European Commission, and at EUR 300 000 000 for the European Investment Bank.