Council Decision (EU) 2020/976 of 6 July 2020 on the financial contributions to be paid by Member States to finance the European Development Fund, including the second instalment for 2020

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 thereof,

Having regard to Council Regulation (EU) 2018/1877 of 26 November 2018 on the financial regulation applicable to the 11th European Development Fund, and repealing Regulation (EU) 2015/323^f2, and in particular Article 19(3) and (4) thereof,

Having regard to the proposal from the European Commission,

Whereas:

In accordance with the procedure laid down in Articles 19 to 22 of Regulation (EU) 2018/1877, the Commission is to present a proposal by 15 June 2020 specifying (a) the amount of the second instalment of the contribution for 2020, (b) a revised annual amount of the contribution for 2020, in cases where the amount deviates from actual needs.

In accordance with Article 46 of Regulation (EU) 2018/1877, on 8 April 2020, the European Investment Bank (EIB) sent to the Commission its updated estimates of commitments and payments under the instruments it manages.

Article 20(1) of Regulation (EU) 2018/1877 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.

Article 55 of Regulation (EU) 2018/1877 provides that the amounts from projects under the 10th EDF or from other previous EDFs not committed according to Article 1(3) of 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 (‘the Internal Agreement’), or decommitted according to Article 1(4) of the Internal Agreement, unless decided otherwise by the Council unanimously, shall reduce that part of Member States’ contributions stated in point (a) of Article 1(2) of the Internal Agreement.

By means of Decision (EU) 2019/1800^f3, the Council has adopted, on 24 October 2019, on a proposal by the Commission, the Decision to set 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,

HAS ADOPTED THIS DECISION: