Introductory text

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on European Union and 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^f1, and in particular Article 7(2) thereof,

Having regard to Council Regulation (EU) 2015/323 of 2 March 2015 on the financial regulation applicable to the 11th European Development Fund^f2, and in particular Article 21(2) thereof,

Having regard to the proposal from the European Commission,

Whereas:

In accordance with the procedure laid down in Article 21(2) of Regulation (EU) 2015/323, the Commission is to present a proposal by 15 October 2018 specifying: (a) the ceiling amount of the contribution for 2020; (b) the annual amount of the contribution for 2019; (c) the amount of the first instalment of the contribution for 2019; and (d) an indicative, non-binding forecast for the expected annual amounts of contributions for the years 2021-2022.

In accordance with Article 52 of Regulation (EU) 2015/323, the European Investment Bank (EIB) sent to the Commission its updated estimates of commitments and payments under the instruments it manages.

Article 22(1) of Regulation (EU) 2015/323 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 EDF for the EIB and 11th EDF for the Commission should be made.

Council Decision (EU) 2017/2171^f3 has set out the ceiling for the annual amount of the Member States' EDF contributions for 2019 at EUR 4 600 000 000 for the Commission, and at EUR 300 000 000 for the EIB,

HAS ADOPTED THIS DECISION: