Considerations on COM(2012)597 - Financial contributions to be paid by Member States to finance the 3rd instalment for 2012 of the European Development Fund

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dossier COM(2012)597 - Financial contributions to be paid by Member States to finance the 3rd instalment for 2012 of the European Development Fund.
document COM(2012)597 EN
date October 19, 2012
 
(1) Council Decision 12344/12 of 23rd July 2012 on the financial contributions to be paid by Member States to finance the European Development Fund in 2012, including the 2nd instalment 2012[3], has fixed at EUR 2,600,000,000 the Commision's share and at 280,000,000 the EIB's share of the annual amount of the Member States contributions to the EDF for 2012.

(2) 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 2012 fixing the amount of the third instalment of the contribution for 2012 and the individual contributions of the Member states.

(3) 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.

(4) 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 for the EIB.

(5) 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.