Considerations on COM(2011)331 - Financial contributions to be paid by the Member States to finance the European Development Fund in 2011, including the 2nd instalment 2011

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dossier COM(2011)331 - Financial contributions to be paid by the Member States to finance the European Development Fund in 2011, including the 2nd ...
document COM(2011)331 EN
date June  9, 2011
 
(1) In accordance with the procedure laid down in Articles 57 to 61 of the 10th EDF Financial Regulation , the Commission is presenting a proposal by 15 June specifying (a) the amount of the second instalment of the contribution for 2011, and (b) a revised annual amount of the contribution for the year n + 1 in line with actual needs, in case where, in accordance with Article 7(3) of the Internal Agreement, the annual amount deviate from actual needs..

(2) The Council has adopted on the 17th of November 2010, on a proposal made by the Commission, the decision to fix at EUR 3.690.000.000 the Commision's share and at 210.000.000 the EIB's share of the annual amount of the Member States contributions to the EDF for 2011.

(3) In accordance with Article 7(3) of the 10th EDF Internal Agreement, if the contributions decided deviate from EDF's actual needs, the Commission should submit a proposal to the Council to amend the contribution amounts within the ceiling already decided. Therefore, the annual amount of the Member States contributions to the EDF for 2011 allocated to the Commission should be set at 3.100.000.000 EUR.

(4) 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.

(5) 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 also on the basis of Article 58 (2) of the 10th EDF Financial Regulation for the EIB.