ARCHIVES HISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(80)684
Vol.1980/0217

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(80 )684 final
Brussels -30th October 1980
EDF -EUROPEAN DEVELOPMENT FUND
SCHEDULE OFCALLS FOR CONTRIBUTIONS
FOR THE 1981 FINANCIAL YEAR
(Commission communication tothe Council )
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Χ^7;ΐΦπττίτνν Ν
COM (80)684 final

Under Article 7iasregards thefourth EDF?oftheInternal Agreement on
■fell*financing and£j&mini strati ©aofCommunity aidtheGeasaission must
drawuparidtransmit totheCouncil eachyear estimates ofEDFcomdtraents
tobeentered intoduring thefollowing budget year and,onthis besis ,
prepare theschedule ofcontributions tobecalled for,taking into
account theEDF*s cash requirements .
Thecontributions areintended toreconstitute theEDF'scash resources
toenable ittomake payments .
Accordingly ,thepurpose ofthis Communication istoassess theEDF'scash
requirements for1981 andhence theamount ofthecontributions required ..
0
0 0
For1981 ,itisproposed tocall for555million EUAforthefourth EDF
from thenine Member States which signed theLomS Convention .
These contributions would becalled forintwoequal instalments payable
onThursday 15January 1981 andWednesday 1July 1981 .
Thecontributions forthefirst three Funds from thesixoriginal
Member States have been paid infull . -
With regard tothefourth Fund ,theoriginal Member States andtheCommission
agreed tomake -where necessary andadvisable –drawings from the
European Investment Bank ,pursuant tothefollowing twoCouncil decisions :
1.Council Decision of29June 1976 ontheallocation totheFrench -
overseas territories oftwomillion European units ofaccount atpresent
held ,bytheEI3following thepayments made totheBank inconnection with
thespecial loans granted totheACPStates ,thecountries andterritories
andtheFrench overseas departments after 1June 1964 andalso theprooeeds

-2-
andincomefromriskcapitaloperations conducted after1February 1971
forth#bsnafitofthos® tirrjltori*® endd«p»rtaentSe
2»Agreement amendingtheInternal Agreement onthefinancing and
administration of'Community aidl,andspecifying inparticular theamounts
whichtheEIB,following theaccession oftheDemocratic Republic ofSaoTome
andPrincipe,theRepublic ofCapeVerdeandPapuaNewGuinea,tothe
Lom£Convention ,willpayintotheEuropean Development Fundtobe
creditedtoBelgium,theFederalRepublic ofGermany,France,Italy,
Luxembourg andtheNetherlands ,aspartoftheircontributions .
Thetimewouldseemtohavecometomakethesedrawings.
TheCommission suggeststhat,inviewofthecomplexity oftheprocedure s
formobilizing them-despitetheironlyrelative importance -thefunds 7
atpresentdeposited withtheEIBshouldbekeptatitseffective disposed
intwoequalinstalments tobecalledforin1981and1982.
Ifthisweredone,theamountof555million EUAwouldbesubdivided into:
–anormalcallforcontributions of
–aspecialcallforcontributions (seepoint1.
above)of
-aspecialcallforcontributions (seepoint2.
above)of
Thefollowing tablegivesthebreakdown ofthecontributions byMemberState
andEIB.549250000EUA
1000000EUA
4750000EUA
555000000EUA
OJNoL287,13,10,19780

CONTRIBUTIONS POR1981
Member
State.Normalcall
forcontributionsSpecial'callforcontributions
(CouncilDecisionof29.6.1976 )Specialcallforcontributions
(Agreement amendingthe
Internal Agreement )'TOTAL
.1981
and EIBI>ue
15.1.81 1.Due
7.31Due
15.1.81.Due .
1.7.81 •Due
15.1.81Due
1.7.81
Belgium 17-164062.50 j
.I17164062.50.1148437.50
2
616312.,50.r: --r^
148437.50 !r
I34,625000
I
iGermany71265187.50 71.265,187.50'
616312.50.I143763000-
jFrance 71265187.50 71.265187.50•616312.50616.312.50 143763000-
Italy . 32955000.--32955coo–f285000 285000– .66',-30 ,.000,–\
i
V
îLuxembourg j549250.– 549.250.-- 4750– 4750– 1108.000...
i
jNetherlands21832.687.50 21832687.50 188.812.5018881250
• I44043000
DenmarkI~
6591000– 6591000– 57000– 57000– 13296000
jïre'land J1647750.--..1.647.750–" 14.250– 14250-–V324000-
•UnitedKingdojη51354875–5135<f875–
*•444125–'444125.– 103598000
EIB-t
•500000–^500000.–3
1._ i1000000
TOTAL 274-625000–274625.000–
l' '''500000– 500000-'2375000–2.375000---555,000000.
^TobapaiddirectbytheEIBtotheCommission,andcreditedtotheMemberStatesindicated.
,T°^P8-1*1GermanytotheCommission ,followingrecoveryofanequivalent amountbyGermanyfromtheEIB.
"'DirectpaymentfromtheEIBtotheCommission .

-4-
A. -THEEPF'SCASH RESOURCES -1930
(a)H't-tu -j.-fraanat31A,- ••■/"1C?0,-w
*
1.At31August 1980 ,ths Coffiraission noted that ibhad .cash resources of
425million EUA .
2.Atthesame date ,andover thefirst eight months ofthe1980 financial
year ,theCommission hadaotv-ally disbursed 39&million EUA under theEPF.
3.This overall expenditure represented amonthly average ofabout
50million EUA (39^f8=49.5«0•
4«Thecash resources made available tothe Commission fortheEDF's
operations arespread ever 75accounts inEurope andineach oftheACP
States ,largely asaresult oftheconstraints imposed byProtocol No 2.
5„Thefinancial resources which theCommission should have atitsdisposal ,
until the next contributions arereceived will therefore cover theperiod
from 1September 1980 totheendofJanuary 1981 .TheCommission 's
projected expenditure over that period canreasonably beestimated aa
follows :
(b)Projected expend itureuptotheendofthe1980 financial year
1,Ifthemonthly average ,of50million EUAnoted under point A(a)3® above
istaken forthefive months uptotheend .ofJanuary ,theresult obtained
will be(5x50=)250million EUA ,divided between thefourth EPFand
the other three EPFs .
2.Itisalso proposed togrant from theEPF'scash resources forthe
1980 financial year anewinstalment ofadvances of22million EUAto
theStabex system which will operate under theLcm6 IIarrangements .

-5-
3.T-laaCosmssion thesrsfcra cQn&idara thatth««xp«nditur *uptothe
endofthe1980financial yearwillamountto:
million EUA
–normalexpenditure forthe5monthsstilltobscovered 250
-exceptional expenditure onadvances toStabex 22
m
2• FORECASTS FORTHE1981'PSTMCIAL YEAR -
1.For*thefirstthreeEDFs : ;
V-
Thefirst "threeEDFsarebeingwoundup<*Consequently ,theyshowa
decliningexpenditure curve.Expenditure forthe1°8l'inancialyear
shouldtherefore notbe-anyhigherthanforthe198Oor1979financial
years.,In197942millionEUAwasdisbursed raiderthethreeEDFsjat"
31July198Otherewasafurther107million EUAtobedisbursed .The ■
disbursements tobemadeforthefirstthreeEI)Fsnayreasonably be
estimated at36million EUA. ''
?r 0 - • - •. ■;
^•■F°r"thefourthEPF
(a)Itshouldbenotedthatthetotalcommitments attheendof198Owill
beoftheorderof2JJJmillionEUA,whichrepresents 88%oftheavailable
resources .
ν

("fe) IxtV.r-oli 3f'«C-UT1/j1«8lSUOh*■+.h#Loft®ISt«0<K£;
whichhas"beenclosed .,,3^.Aexceptional aid,forwhichonlyg,few
insignificantamountshavestilltohedisbursed .
(c)Itcanreasonably bepredicted 9however,thattheencoura.gp.rg rate
aadsteadier flowofdisbursements forconventional projects will
continue ,giventhepresentstageofimplementation ofthecommitments
react®bytheCommission ..t.beimprovedapplication ofourprocedures bythe
AC?States'national s.dwirdstrationsaridtheeffectsofthethorough work
donebytheCoxaaiseioJ .?.relegates® Sinesitislikelythatattheend
ofthe1980financial yearthetotalvolumeoffourthEDFdisbursements
willhavereachedabout$0%ofthetotalfunds,cautiondemandsthatin
1381thevoluaeofdisbursements forprojects bekeptequivalent tothat
of1980.
C.FORECASTS ,FOURTHFJ¥D1981
Onthebasisoftheabove,arateof46million EUApermonthcanbe
expected forexpenditure underthefourthEDF.
Thefollowing expenditure maytherefore beanticipated forthe1981
finaxicial year:
–forthefirstthreeEI)Fs
–forthefourth EDF
(12x46=552)
D.E5COTTSTITLTTIONOF_THEEPF^SCASHRESOURCES
Accountbeingtaken:
1»oftheforeseeable situation oftheEDFat
14January 1931(i«e„attheendoftfte198O
f?naac:'.a,l year)
2,oftheestimate ofEDFexpenditure for1581
3.ofthev.;:-uforthft'"V.^iasion toI*avectits
nispcrsal atthesad -:hsf-ir-aneialyea.r,sinceitssec-.rants ,-:rsir ■dixferent,:Ieoea,cash
x-vsource3totaliix.g -million EUA
36'
552
588
asan
gillicn_E UA
5od

-7-
TheCommission considers itjustifiable that the -following overall sua
should bekept atitsdisposal forthenext financial year –1981 -
(588+120)-153-555million EUA.
This 555million EUA-under thefourth Fund –would give rise totwo
calls forequal instalments tobepaid on
Thursday 15January 1981 and'
Wednesday 1July 1981 .
TheCommission once again draws theMember States *attention totheneed
toabide strictly bythedate -setforthepayment -ofcontributions .

-8-
A3THEXES
Stateofcommitments .Trendsinand
procedures forthereconstitution of
cashresources .
Contributions tothefourth EDP.

AMEX
-9-
European Development Fund–1981financial year
FourthFund
RECORD OFCOMMITMENTS
onthebasisofEDFCommittee meetings
TearF7 Commitment forthatyearAGGREGATEh
V
1976 •407 407
1977 710 1117
1978 556 1673
1979 569 2242
1980 forecast 535*2777*
Forecast onthebasisoftheprogramme forEDFCommittee
meetings uptoandincluding December 198O.
Tokenentry:commitments underthefourthEDF:at31July1979:2009
at31July1980:2587

-10-
F.ecc-."*iutionofcashresources (million EUA)
Cashsituation at31August1980
(allcontributions fort'.xs198Q
financial yearhavingbeenpaid)
Expenditure scheduled "between now
andtheendofthe1$80financial
year
Normalexpenditure
Advances toStabex250
22
272
Cashsituation attheendofthe
1980financial year
Contributions proposedfor1981
Fourth EDF 555
Expenditure scheduled
for
FirstthreeEDFs
Fourth EDF3b
552
588-272
-588
Cashsituation at31December 1981Resources
+425
+153
+555
+708
+120

-11-amjex
Fourih .EDF-Contributions
(million EUA)
Contributions due < ^3I0I.5
Contributions paid,andcalledfor
paidin1976 181
1977 270
1978 139,
ord.contrib.1979 400 (
i
supplement .1979 200 ;î
f
in1980 538's
!»
S
calledfor1981 555s
2.283 ~ !,2283.0
Contributions stilltobepaid
insubsequent financial years 878.5