Considerations on COM(2021)275 - Financial contributions to be paid by the parties to the European Development Fund to finance that Fund, including the second instalment for 2021

Please note

This page contains a limited version of this dossier in the EU Monitor.

 
dossier COM(2021)275 - Financial contributions to be paid by the parties to the European Development Fund to finance that Fund, including the ...
document COM(2021)275 EN
date June 22, 2021
 
table>(1)In accordance with the procedure laid down in Articles 19 to 22 of Regulation (EU) 2018/1877, the Commission is to present a proposal by 15 June 2021 setting out the amount of the second instalment of the contribution for 2021 and a revised annual amount of the contribution for 2021, where the amount deviates from actual needs.
(2)In accordance with Article 46 of Regulation (EU) 2018/1877, on 6 April 2021 the European Investment Bank (EIB) sent the Commission its updated estimates of commitments and payments under the instruments it manages.

(3)Pursuant to Article 20(1) of Regulation (EU) 2018/1877, calls for contributions are to first use up the amounts laid down for previous European Development Funds. Therefore a call for funds pursuant to Regulation (EU) 2018/1877 should be made for the Commission and for the EIB.

(4)Pursuant to Article 152 of the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community (3) (‘the Withdrawal Agreement’), the United Kingdom of Great Britain and Northern Ireland (the ‘United Kingdom’) is to remain party to the European Development Fund (EDF) until the closure of the 11th EDF and all previous unclosed EDFs. However, pursuant to Article 153 of the Withdrawal Agreement, the United Kingdom’s share in decommitted funds from projects under the 11th EDF, where those funds have been decommitted after 31 December 2020, or previous EDFs is not to be reused.

(5)Council Decision (EU) 2020/1708 (4) sets the annual amount of the Member States’ EDF contributions for 2021 at EUR 3 700 000 000 for the Commission, and at EUR 300 000 000 for the EIB.

(6)In order to allow for the prompt application of the measures provided for in this Decision, this Decision should enter into force on the date of its publication in the Official Journal of the European Union,