Financial contributions to be paid by the parties to the European Development Fund as a third instalment for 2023 - Main contents
Please note
This page contains a limited version of this dossier in the EU Monitor.
Contents
official title
Council Decision (EU) 2023/2416 of 24 October 2023 on the financial contributions to be paid by the parties to the European Development Fund as a third instalment for 2023| Legal instrument | Decision |
|---|---|
| Regdoc number | ST(2023)13955 |
| Original proposal | COM(2023)556  |
| CELEX number i | 32023D2416 |
| Document | 24-10-2023; Date of adoption |
|---|---|
| Effect | 25-10-2023; Entry into force Date pub. See Art 3 |
| End of validity | 31-12-9999 |
Official Journal of the European Union |
EN Series L |
2023/2416 |
25.10.2023 |
COUNCIL DECISION (EU) 2023/2416
of 24 October 2023
on the financial contributions to be paid by the parties to the European Development Fund as a third instalment for 2023
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to the Internal Agreement between the Representatives of the Governments of the Member States of the European Union, meeting within the Council, on the financing of European Union aid under the multiannual financial framework for the period 2014 to 2020, in accordance with the ACP-EU Partnership Agreement, and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the Treaty on the Functioning of the European Union applies (1) and in particular Article 7(2) in conjunction with Article 14(3) thereof,
Having regard to Council Regulation (EU) 2018/1877 of 26 November 2018 on the financial regulation applicable to the 11th European Development Fund, and repealing Regulation (EU) 2015/323 (2), and in particular Article 19(5) thereof,
Having regard to the proposal from the European Commission,
Whereas:
(1) |
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. |
(2) |
In accordance with Article 19(5) of Regulation (EU) 2018/1877, the Commission is to present a proposal by 10 October 2023 specifying the amount of the third instalment of the contribution for 2023. |
(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. 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 European Development Fund (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, is not to be reused. |
(5) |
Council Decision (EU) 2022/2242 (3) sets the annual amount of the contribution to be paid by the parties to the EDF for 2023 at EUR 1 800 000 000 for the Commission, and at EUR 300 000 000 for the EIB. |
(6) |
In order to allow for the prompt application of the measures for which it provides, this Decision should enter into force on the day of its publication in the Official Journal of the European Union, |
HAS ADOPTED THIS DECISION:
Article 1
The amount of the contributions to be paid by the parties to the EDF as a third instalment for 2023 is hereby set at EUR 500 000 000. It shall be divided into EUR 400 000 000 for the Commission, and EUR 100 000 000 for the EIB.
Article 2
The individual EDF contributions shall be paid by the parties to the EDF to the Commission and the EIB as the third instalment for 2023, in accordance with the Annex.
Article 3
This Decision shall enter into force on the date of its publication in the Official Journal of the European Union.
Done at Luxembourg, 24 October 2023.
For the Council
The President
-
P.NAVARRO RÍOS
More
This text has been adopted from EUR-Lex.
This dossier is compiled each night drawing from aforementioned sources through automated processes. We have invested a great deal in optimising the programming underlying these processes. However, we cannot guarantee the sources we draw our information from nor the resulting dossier are without fault.
This page is also available in a full version containing the legal context, de Europese rechtsgrond, other dossiers related to the dossier at hand and the related cases of the European Court of Justice.
The full version is available for registered users of the EU Monitor by ANP and PDC Informatie Architectuur.
The EU Monitor enables its users to keep track of the European process of lawmaking, focusing on the relevant dossiers. It automatically signals developments in your chosen topics of interest. Apologies to unregistered users, we can no longer add new users.This service will discontinue in the near future.