Considerations on COM(2020)640 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2020 - Main contents
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dossier | COM(2020)640 - Financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment ... |
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document | COM(2020)640 |
date | October 29, 2020 |
(2) | 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 European Development Funds (EDFs). Therefore, a call for funds under the 10th European Development Fund (the ‘10th EDF’) for the EIB and under the 11th European Development Fund (the ‘11th EDF’) for the Commission should be made. |
(4) | The Council has adopted, based on a proposal from the Commission, Decision (EU) 2019/1800 (3), which sets the annual amount of the Member States’ EDF contributions for 2020 at EUR 4 400 000 000 for the Commission, and at EUR 300 000 000 for the EIB. |
(5) | Articles 152 and 153 of the Agreement on the withdrawal of of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community (4) stipulate that the United Kingdom shall remain party to the EDF until the closure of the 11th EDF and all previous unclosed EDFs. However, the United Kingdom’s share in decommitted funds from projects under the 10th EDF or previous EDFs shall not be reused, |