Considerations on COM(2022)265 - Financial contributions to be paid by the parties to the European Development Fund, including the second instalment for 2022

Please note

This page contains a limited version of this dossier in the EU Monitor.

 
dossier COM(2022)265 - Financial contributions to be paid by the parties to the European Development Fund, including the second instalment for 2022.
document COM(2022)265 EN
date June  9, 2022
 
(1) In accordance with the procedure laid down in Articles 19 to 22 of Council Regulation (EU) 2018/1877, the European Commission is to present a proposal by 15 June 2022 specifying the amount of the second instalment of the contribution for 2022 and a revised annual amount of the contribution for 2022, where the amount deviates from actual needs.

(2) In accordance with Article 46 of Regulation (EU) 2018/1877, the European Investment Bank (‘EIB’) is to send to the Commission its updated estimates of commitments and payments under the instruments it manages.

(3) Pursuant to Article 20(1) of Regulation (EU) 2018/1877 calls for contributions are to first use up the amounts provided for in previous European Development Funds (‘EDF’). Therefore a call for funds pursuant to Regulation (EU) 2018/1877, for the EIB and for the Commission should be made.

(4) Pursuant to Article 152 of the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community (‘the withdrawal agreement’), the United Kingdom of Great Britain and Northern Ireland (the ‘United Kingdom’) is to remain party to the EDF until the closure of the 11th EDF and all previous unclosed EDFs. However, pursuant to Article 153 of the withdrawal agreement the United Kingdom’s share in decommitted funds from projects under the 11th EDF, where those funds have been decommitted after 31 December 2020, or previous EDFs are not to be reused.

(5) Council Decision (EU) 2021/1941 10 , sets the annual amount of the contribution to be paid by the parties to the EDF for 2022 at EUR 2 500 000 000 11 for the European Commission, and at EUR 300 000 000 for the European Investment Bank.

(6) In order to allow for the prompt application of the measures provided for in this Decision, this Decision should enter into force on the day of its publication in the Official Journal of the European Union.