EN Official Journal of the European Union L 172/4

COUNCIL DECISION (EU) 2018/965

of 6 July 2018

on the financial contributions to be paid by Member States to finance the European Development Fund, including the second instalment and a revised annual amount for 2018

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 (1), and in particular Article 7 thereof,

Having regard to Council Regulation (EU) 2015/323 of 2 March 2015 on the financial regulation applicable to the 11th European Development Fund (2), and in particular Article 21(3) and (4) thereof,

Having regard to the proposal from the European Commission,

Whereas:

(1) In accordance with the procedure laid down in Article 21(3) of Regulation (EU) 2015/323 (‘the 11th EDF Financial Regulation’), the Commission is to present a proposal by 15 June 2018 specifying the amount of the second instalment of the contribution for 2018 and a revised annual amount of the contribution for 2018, in cases where that annual amount deviates from actual needs.

(2) On 15 April 2018, in accordance with Article 52 of the 11th EDF Financial Regulation, the European Investment Bank (‘EIB’) sent its updated estimates of commitments and payments under the instruments it manages to the Commission.

(3) Article 22(1) of the 11th EDF Financial Regulation provides that calls for contributions first use up the amounts provided for in previous EDFs. Therefore a call for funds under the 10th EDF for the EIB and 11th EDF for the Commission should be made.

(4) On 20 November 2017, the Council adopted Decision (EU) 2017/2171 (3), setting the annual amount of the Member States' EDF contributions for 2018 at EUR 4 550 000 000 for the Commission and at EUR 250 000 000 for the EIB,

HAS ADOPTED THIS DECISION:

Article 1

The individual EDF contributions to be paid by Member States to the Commission and the EIB as the second instalment for 2018 are provided for in the table set out in the Annex.

Article 2

The annual amount of the Member States' EDF contributions for 2018 is hereby revised at EUR 4 500 000 000. It shall be divided into EUR 4 250 000 000 for the Commission and EUR 250 000 000 for the EIB.

Article 3

This Decision shall enter into force on the date of its publication in the Official Journal of the European Union.

Done at Brussels, 6 July 2018. For the Council The President G. BLÜMEL

(1) OJ L 210, 6.8.2013, p. 1.

(2) OJ L 58, 3.3.2015, p. 17.

(3) Council Decision (EU) 2017/2171 of 20 November 2017 on the financial contributions to be paid by Member States to finance the European Development Fund, including the ceiling for 2019, the annual amount for 2018, the first instalment for 2018 and an indicative and non-binding forecast for the expected annual amounts of contributions for the years 2020 and 2021 (OJ L 306, 22.11.2017, p. 21).