Communication: Financial information on the European Development Fund [2015]

The 11th European Development Fund (EDF) entered into force on 2 March 2015. Nevertheless, in line with Article 63 of the Council Regulation (EU) 2015/323 on the financial regulation applicable to the 11th European Development Fund, the 10th EDF procedure will apply for the second call for contributions of 2015 for all matters related to Member States' contributions covered by those articles. A new procedure will apply for the first time for the first 2016 instalment, as stipulated in Article 63 of Council Regulation (EU) 2015/323.

In accordance with Article 7(3) of the Internal Agreement and Articles 57(3) and (4) of the 10th EDF Financial Regulation, the Commission presents in this document estimates of commitments, payments and contributions for the period 2015 and 2016, taking into account the forecasts of the European Investment Bank (EIB) concerning the Investment Facility. This Communication sets out the financial implementation of the EDFs (8th to 10th and the Bridging Facility) for 2014 and the forecasts of financial implementation for 2015 to 2016.

Member States contribute funds directly to the EIB for the instruments which it manages under the 9th and 10th EDFs (the Investment Facility and interest-rate subsidies). Contributions for other instruments, including contributions for the old instruments managed by the EIB (risk capital and interest-rate subsidies), go to the Commission.

• Primary Source

EUR-Lex: COM(2015)295: Follow the progress of this communication through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2015:295:FIN

EUR-Lex: COM(2015)296: Proposal for a Council Decision on the financial contributions to be paid by Member States to finance the European Development Fund in 2015, including the second instalment for 2015 http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2015:296:FIN

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