Considerations on COM(2010)551 - Financial contributions to be paid by the Member States to finance the European Development Fund (3rd instalment 2010)

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dossier COM(2010)551 - Financial contributions to be paid by the Member States to finance the European Development Fund (3rd instalment 2010).
document COM(2010)551 EN
date October  7, 2010
 
(1) Article 58(2) of the 10th European Development Fund (hereafter 'the EDF') Financial Regulation provides that calls for contributions first use up the amounts provided for previous EDFs. Therefore a call for funds under the 9th EDF should be made.

(2) In accordance with the first paragraph of Article 145 of the 10th EDF Financial Regulation, the European Investment Bank has sent the Commission its updated estimates of commitments and payments under the instruments it manages.

(3) The Council should decide at the latest 21 calendar days following the presentation by the Commission of its proposal and Member States should pay the third instalment of the contribution at the latest 21 calendar days following the date on which the Council decision is notified to them.