Explanatory Memorandum to COM(2009)616 - European Development Fund (EDF) - Estimate of commitments and payments and of contributions to be paid by the Member States for 2009 to 2013 - Main contents
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| dossier | COM(2009)616 - European Development Fund (EDF) - Estimate of commitments and payments and of contributions to be paid by the Member States ... |
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| source | COM(2009)616  |
| date | 04-11-2009 |
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Communication from the Commission - European Development Fund (EDF) - Estimate of commitments and payments and of contributions to be paid by the Member States for 2009 to 2013 /* COM/2009/0616 final */
[afbeelding - zie origineel document] COMMISSION OF THE EUROPEAN COMMUNITIES
Brussels, 4.11.2009
COM(2009)616 final
COMMUNICATION FROM THE COMMISSION
EUROPEAN DEVELOPMENT FUND (EDF)Estimate of commitments and payments and of contributions to be paid by the Member States for 200 9 to 2013
Introduction
In accordance with Article 7 i and i of the Internal Agreement,[1] the Commission presents in this document estimates of commitments, payments and contributions for the period 2009 to 2013, taking into account the forecasts of the European Investment Bank (EIB) concerning the Investment Facility.
Since the entry into force of the 9th European Development Fund (EDF) in 2003, the Member States have made direct contributions to the EIB for the instruments it manages (the Investment Facility and interest-rate subsidies). This communication therefore draws a clear distinction between funds managed by the EIB under the 9th and 10th EDFs and those managed by the Commission.
As in previous years, this document consists mainly of tables accompanied by a few explanations to help interpretation.
The graph below gives an overview of the trend in commitments and payments (Commission i and EIB). It clearly shows the structural upward trend of payments since 2000.
[afbeelding - zie origineel document] - commitments ― payments
1. Financial implementation forecasts for 200 9 AND 2010
The Commission and the EIB have updated their commitment and payment forecasts for 2009 and 2010 for each of the ACP i countries and the OCTs i. The result and the amount of contributions necessary to finance the EDF are set out in Annexes 1 to 3 where they are compared with the figures given in the June 2009 communication i.
At the beginning of 2009 the Commission has replaced the EDF computer accounting system with a new one, modelled on the programme used for the general budget.
The EIB notes that the estimated 2009 year-end balance is mainly based on a forecast of the capital and interest repayments, a large part of which is due in mid-December. These repayments are unpredictable and may be early or late.
In accordance with Article 57 i of the Financial Regulation applicable to the 10th EDF i, the forecasts will be revised in the June 2010 communication.
2. Financial years 2009 to 2013
It should be remembered that the margin of error in medium-term estimates is high.
Following the entry into force of the 10th EDF, the Commission is obliged to propose a ceiling on the annual amount of the contributions for year n+2, i.e. 2011 i. A figure of €220 million is proposed for the EIB and €3.950 million for the Commission.
The table below sets out the result of the forecasts for 2009-2013. The relatively high gap between payments and contributions for the EIB is due to the fact that, since 2007, some of the payments have been financed by loan repayments.
Forecast of commitments, payments and contributions 2009-2013 (EUR million)
Commitments
Commission
EIB
Payments
Commission
EIB
Contributions
Commission
EIB
ANNEX 1 – Forecast commitments for 2009, 2010 and 2011 (EUR million)
June 09 Comm Revised Oct June 09 Comm Revised Oct Oct 09 Comm
Regions
East Africa
West Africa
Central Africa
Carribbean
Pacific
Southern Africa
Sub-total 2. 2.
Horizontal issues
Peace Facility
Infrastructure Fund
Vulnerability FLEX
Water and Energy Facility
Other*
Sub-total
Total European Commission 3. 3. 3. 3. 3.
Investment Facility
Interest rate subsidies
Total EIB
TOTAL 3. 3. 4. 4. 4.
(*): Includes certain support expenditures, e.g. to support joint institutions and the ACP Secretariat
ANNEX 2 – Forecast payments for 2009 and 2010 (EUR million)
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Gross payments, i.e. without recoveries being deducted.
*Including interest rates subsidies under the previous EDFs
ANNEX 3 - Financial situation estimated for 2009, 2010 and 2011 i (EUR million)
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*COM(2009) 310 final dated 29.6.2009
ANNEX 4 - 2009 EDF Contributions by Member State (EUR)
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ANNEX 5 - 2010 EDF Contributions by Member State (EUR)
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“gross” figures, i.e. without the deduction of decommitments and recoveries.