Considerations on COM(2011)661 - Financial contributions to be paid by the Member States to finance the European Development Fund ( the 3rd instalment 2011)

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dossier COM(2011)661 - Financial contributions to be paid by the Member States to finance the European Development Fund ( the 3rd instalment 2011).
document COM(2011)661 EN
date October 18, 2011
 
(1) In accordance with the procedure laid down in Article 57(5) of the 10th EDF Financial Regulation, the Commission is presenting a proposal by 10th October 2011 specifying (a) the amount of the third instalment of the contribution for 2011 and (b) a revised annual amount of the contribution for the year 2011 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. 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.

(2) The Council has adopted on the 5th November 2010[6], 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 contribution to the EDF for 2011. On a subsequent proposal made by the Commission, the Council has decided on the 20th of of June 2011[7] to modify the Commission's share for 2011 at EUR 3.100.000.000.

(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 EIB should be set at 200.000.000 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 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.