Considerations on COM(2019)253 - Financial contributions to be paid by Member States to finance the European Development Fund, including the second instalment for 2019 - Main contents
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dossier | COM(2019)253 - Financial contributions to be paid by Member States to finance the European Development Fund, including the second ... |
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document | COM(2019)253 |
date | June 26, 2019 |
(2) | On 24 April 2019, in accordance with Article 46 of the 11th EDF Financial Regulation, the European Investment Bank (‘EIB’) sent to the Commission its updated estimates of commitments and payments under the instruments it manages. |
(3) | Article 20(1) of the 11th EDF Financial Regulation provides that calls for contributions first use up the amounts provided for in previous EDFs. Therefore a call for funds under the 10th EDF for the EIB and 11th EDF for the Commission should be made. |
(4) | On 12 November 2018, the Council adopted Decision (EU) 2018/1715 (3), setting the annual amount of the Member States' EDF contributions for 2019 at EUR 4 400 000 000 for the Commission and at EUR 300 000 000 for the EIB. |
(5) | Given that the Commission has proposed to carry out development and international cooperation for the period 2021-2027 with new implementation modalities, the Commission is decreasing its estimates of payments under the EDFs and therefore reduces by EUR 200 000 000 the ceiling for the annual amount for 2020, |