Considerations on COM(2020)640 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2020

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dossier COM(2020)640 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment ...
document COM(2020)640 EN
date October 29, 2020
 
table>(1)In accordance with the procedure laid down in Articles 19 to 22 of Regulation (EU) 2018/1877 (‘the 11th EDF Financial Regulation’), the Commission is to present a proposal by 10 October 2020 specifying (a) the amount of the third instalment of the contribution for 2020, and (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 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 European Development Fund (the ‘10th EDF’) for the EIB and under the 11th European Development Fund (the ‘11th EDF’) for the Commission should be made.

(4)The Council has adopted, based on a proposal from the Commission, Decision (EU) 2019/1800 (3), which sets the annual amount of the Member States’ EDF contributions for 2020 at EUR 4 400 000 000 for the Commission, and at EUR 300 000 000 for the EIB.

(5)Articles 152 and 153 of the Agreement on the withdrawal of of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community (4) stipulate that the United Kingdom shall remain party to the EDF until the closure of the 11th EDF and all previous unclosed EDFs. However, the United Kingdom’s share in decommitted funds from projects under the 10th EDF or previous EDFs shall not be reused,