Annexes to COM(2009)616 - European Development Fund (EDF) - Estimate of commitments and payments and of contributions to be paid by the Member States for 2009 to 2013 - Main contents
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| dossier | COM(2009)616 - European Development Fund (EDF) - Estimate of commitments and payments and of contributions to be paid by the Member States ... |
|---|---|
| document | COM(2009)616  |
| date | November 4, 2009 |
Since the entry into force of the 9th European Development Fund (EDF) in 2003, the Member States have made direct contributions to the EIB for the instruments it manages (the Investment Facility and interest-rate subsidies). This communication therefore draws a clear distinction between funds managed by the EIB under the 9th and 10th EDFs and those managed by the Commission.
As in previous years, this document consists mainly of tables accompanied by a few explanations to help interpretation.
The graph below gives an overview of the trend in commitments and payments (Commission[2] and EIB). It clearly shows the structural upward trend of payments since 2000.
[pic] - commitments ― payments
1. Financial implementation forecasts for 200 9 AND 2010
The Commission and the EIB have updated their commitment and payment forecasts for 2009 and 2010 for each of the ACP[3] countries and the OCTs[4]. The result and the amount of contributions necessary to finance the EDF are set out in Annexes 1 to 3 where they are compared with the figures given in the June 2009 communication[5].
At the beginning of 2009 the Commission has replaced the EDF computer accounting system with a new one, modelled on the programme used for the general budget.
The EIB notes that the estimated 2009 year-end balance is mainly based on a forecast of the capital and interest repayments, a large part of which is due in mid-December. These repayments are unpredictable and may be early or late.
In accordance with Article 57(4) of the Financial Regulation applicable to the 10th EDF[6], the forecasts will be revised in the June 2010 communication.
2. Financial years 2009 to 2013
It should be remembered that the margin of error in medium-term estimates is high.
Following the entry into force of the 10th EDF, the Commission is obliged to propose a ceiling on the annual amount of the contributions for year n+2, i.e. 2011[7]. A figure of €220 million is proposed for the EIB and €3.950 million for the Commission.
The table below sets out the result of the forecasts for 2009-2013. The relatively high gap between payments and contributions for the EIB is due to the fact that, since 2007, some of the payments have been financed by loan repayments.
Forecast of commitments, payments and contributions 2009-2013 (EUR million)
2009 | 2010 | 2011 | 2012 | 2013 |
Commitments |
Commission | 3351 | 3704 | 3750 | 3750 | 3200 |
EIB | 485 | 500 | 500 | 550 | 470 |
Payments |
Commission | 3298 | 3601 | 4000 | 4100 | 4200 |
EIB | 330 | 410 | 430 | 430 | 370 |
Contributions |
Commission | 3300 | 3500 | 3950 | 4000 | 4100 |
EIB | 145 | 240 | 220 | 210 | 200 |
ANNEX 1 – Forecast commitments for 2009, 2010 and 2011 (EUR million)
2009 | 2010 | 2011 |
June 09 Comm | Revised Oct 09 | June 09 Comm | Revised Oct 09 | Oct 09 Comm |
Regions |
East Africa | 751 | 890 | 518 |
West Africa | 737 | 655 | 897 |
Central Africa | 569 | 555 | 377 |
Carribbean | 262 | 115 | 319 |
Pacific | 73 | 85 | 178 |
Southern Africa | 275 | 340 | 633 |
Sub-total | 2667 | 2.640 | 2.922 |
Horizontal issues |
Peace Facility | 0 | 0 | 0 |
Infrastructure Fund | 100 | 200 | 0 |
Vulnerability FLEX | 100 | 230 | 270 |
Water and Energy Facility | 0 | 100 | 300 |
Other* | 180 | 181 | 212 |
Sub-total | 380 | 711 | 782 |
Total European Commission | 3.047 | 3.351 | 3.750 | 3.704 | 3.750 |
Investment Facility | 450 | 450 | 450 | 450 |
Interest rate subsidies | 80 | 35 | 50 | 50 |
Total EIB | 530 | 485 | 550 | 500 | 500 |
TOTAL | 3.577 | 3.836 | 4.300 | 4.204 | 4.250 |
(*): Includes certain support expenditures, e.g. to support joint institutions and the ACP Secretariat
ANNEX 2 – Forecast payments for 2009 and 2010 (EUR million)
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Gross payments, i.e. without recoveries being deducted.
*Including interest rates subsidies under the previous EDFs
ANNEX 3 - Financial situation estimated for 2009, 2010 and 2011[8] (EUR million)
[pic]
*COM(2009) 310 final dated 29.6.2009
ANNEX 4 - 2009 EDF Contributions by Member State (EUR)
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ANNEX 5 - 2010 EDF Contributions by Member State (EUR)
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[1] Internal Agreement between the Representatives of the Governments of the Member States, meeting within the Council, on the financing of Community aid under the multiannual financial framework for the period 2008 to 2013 in accordance with the ACP-EC Partnership Agreement and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the EC Treaty applies (OJ L 247, 9.9.2006, p. 32).
[2] The commitments and payments for the Commission are “gross” figures, i.e. without the deduction of decommitments and recoveries.
[3] African, Caribbean and Pacific States.
[4] Overseas Countries and Territories.
[5] COM(2009) 310 final of 29.06.2009. The figures for the Investment Facility are as given by the EIB and are contained in the same Communication.
[6] OJ L 78, 19.3.2008, p. 1.
[7] Article 7 of the Internal Agreement (see paragraphs 1-4).
[8] Funds available for operations