Decision (EU) 2018/1651 on the financial contributions to be paid by Member States to finance the European Development Fund

Summary:

On 4 October 2018 the European Commission presented a proposal for a Council Decision on the third instalment of the financial contributions to the European Development Fund (EDF) to be paid by Member States in 2018.

The Council of the European Union adopted a Decision on 31 October 2018.

Further information:

The 11th EDF and other EDF funds which are still open (i.e. Eighth, Ninth and 10th EDF) are managed under the following set of rules:
- The current Partnership Agreement between the members of the African, Caribbean and Pacific Group of States and the European Union (the 'ACP-EU Partnership Agreement');
- 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 EU aid under the multiannual financial framework for the period 2014 to 2020 (the '11th EDF Internal Agreement');
- Council Regulation (EU) 2015/323 on the Financial Regulation applicable to the 11th European Development Fund (the '11th EDF Financial Regulation').

The documents mentioned above contain multi-annual commitments by Member States to support financially the EDF treasury. The 11th EDF Financial Regulation provides for regular contributions to be made by Member States to the EDF treasury against pre-determined financial commitments. Regular contributions are triggered by technical Council Decisions which reflect the implementation of financial commitments previously decided.

• Primary Source

EUR-Lex: COM(2018)669: Proposal for a Council Decision on the financial contributions to be paid by Member States to finance the European Development Fund https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:669:FIN

---