Decision 2020/1587 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2020 - Main contents
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official title
Council Decision (EU) 2020/1587 of 29 October 2020 on the financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2020| Legal instrument | Decision |
|---|---|
| Number legal act | Decision 2020/1587 |
| Original proposal | COM(2020)640  |
| CELEX number i | 32020D1587 |
| Document | 29-10-2020; Date of adoption |
|---|---|
| Publication in Official Journal | 30-10-2020; OJ L 362 p. 30-32 |
| Effect | 29-10-2020; Entry into force Date of document See Art 2 |
| End of validity | 31-12-9999 |
30.10.2020 |
EN |
Official Journal of the European Union |
L 362/30 |
COUNCIL DECISION (EU) 2020/1587
of 29 October 2020
on the financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2020
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on European Union and to the Treaty on the Functioning of the European Union,
Having regard to the Internal Agreement between the Representatives of the Governments of the Member States of the European Union, meeting within the Council, on the financing of European Union aid under the multiannual financial framework for the period 2014 to 2020, in accordance with the ACP-EU Partnership Agreement and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the Treaty on the Functioning of the European Union applies (1), and in particular Article 7 thereof,
Having regard to Council Regulation (EU) 2018/1877 of 26 November 2018 on the financial regulation applicable to the 11th European Development Fund, and repealing Regulation (EU) 2015/323 (2), and in particular Article 19(5) thereof,
Having regard to the proposal from the European Commission,
Whereas:
(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, |
HAS ADOPTED THIS DECISION:
Article 1
The individual EDF contributions to be paid by the Member States to the Commission and the EIB as the third instalment for 2020 are set out in the table in the Annex to this Decision.
Article 2
This Decision shall enter into force on the date of its adoption.
Done at Brussels, 29 October 2020.
For the Council
The President
-
M.ROTH
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Council Decision (EU) 2019/1800 of 24 October 2019 on the financial contributions to be paid by Member States to finance the European Development Fund, including the ceiling for 2021, the annual amount for 2020, the first instalment for 2020 and an indicative and non-binding forecast for the expected annual amounts of contributions for the years 2022 and 2023 (OJ L 274, 28.10.2019, p....
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