Considerations on COM(2015)522 - Financial contributions to be paid by Member States to finance the European Development Fund in 2015, including the third instalment for 2015

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dossier COM(2015)522 - Financial contributions to be paid by Member States to finance the European Development Fund in 2015, including the third ...
document COM(2015)522 EN
date October 23, 2015
 
(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 10 October specifying (a) the amount of the third instalment of the contribution for 2015, and (b) a revised annual amount of the contribution for the year 2015 in line with actual needs, in case where, in accordance with Article 7(3) of the 10th EDF Internal Agreement, the annual amount deviates from actual needs,

(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) 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 10th EDF should be made,

(4) In accordance with Article 1, second subparagraph of Council Decision 2013/759/EU regarding transitional EDF management measures from 1 January 2014 until the entry into force of the 11th European Development Fund ('Bridging Facility') 8 , the shares of Member States’ contributions set out in Article 1(2)(a) of the Internal Agreements of the 8th, 9th and 10th EDF shall be reduced accordingly, after the entry into force of the 11th EDF Internal Agreement. The reduction will have an impact in 2015, 2016 and 2017 Member States' contributions according to the option for adjustment chosen by each Member State.

(5) The Council has adopted on 10 November 2014 9 , on a proposal made by the Commission, the decision to fix at EUR 3 400 000 000 the Commission's share and at EUR 200 000 000 the EIB's share of the Member States contributions to the EDF for 2015,

(6) Following the request of both the Commission and the EIB, the total amount for 2015 respects the ceiling amended by the Council on the 6 June 2015 10 of EUR 3.400.000.000 in total, with the share for the Commission of EUR 3 200 000 000 and EUR 200 000 000 for the EIB's share.