ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (81)675
Vol.1981/0200

Disclaimer
Conformément aurèglement (CEE, Euratom) n°354/83 duConseil du1erfévrier 1983
concernant l'ouverture aupublic desarchives historiques delaCommunauté économique
européenne etdelaCommunauté européenne del'énergie atomique (JOL43du15.2.1983,
p.1),telquemodifié par lerèglement (CE, Euratom) n°1700/2003 du22septembre 2003
(JOL243du27.9.2003, p.1),cedossier estouvert aupublic. Lecaséchéant, lesdocuments
classifiés présents dans cedossier ontétédéclassifiés conformément àl'article 5dudit
règlement.
Inaccordance with Council Regulation (EEC, Euratom) No354/83 of1February 1983
concerning theopening tothepublic ofthehistorical archives oftheEuropean Economic
Community andtheEuropean Atomic Energy Community (OJL43,15.2.1983, p.1),as
amended byRegulation (EC, Euratom) No1700/2003 of22September 2003 (OJL243,
27.9.2003, p.1),this fileisopen tothepublic. Where necessary, classified documents inthis
filehave been declassified inconformity with Article 5oftheaforementioned regulation.
InÜbereinstimmung mitderVerordnung (EWG, Euratom) Nr.354/83 desRates vom 1.
Februar 1983 über die Freigabe der historischen Archive der Europäischen
Wirtschaftsgemeinschaft undderEuropäischen Atomgemeinschaft (ABI. L43vom 15.2.1983,
S.1),geändert durch dieVerordnung (EG, Euratom) Nr.1700/2003 vom 22.September 2003
(ABI. L243vom 27.9.2003, S.1),istdiese Datei derÖffentlichkeit zugänglich. Soweit
erforderlich, wurden dieVerschlusssachen indieser Datei inÜbereinstimmung mitArtikel 5
dergenannten Verordnung freigegeben.

COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(81)675 final
Brussels .5November 1981
EDF -EUROPEAN DEVELOPMENT FUND
SCHEDULE OFCALLS FOR CONTRIBUTIONS
FOR THE 1982 FINANCIAL YEAR
(Commission communication tothe Council )
/'y'^
'-
V"*..-"
COM (81)675 final

-1~ vm /9^:/
Article 7,oftheInternal Agreement onthefinancing andadministration
ofCommunity aid stipulates that theCommission must draw upand transmit
totheCouncil each year estimates ofEDF commitments tobeentered into
during the following budget year and ,onthis basis ,prepare the schedule
ofcontributions tobecalled for ,taking into account theEDF'scash
requirements .
The contribtuions are intended toreconstitute the EDF 'scash resources to
enable ittomake payments .
Accordingly ,thepurpose ofthis Communication istoassess theEDF's
cash requirements for 1982 and hence the amount ofthe contributions
required .
O O
For 1982 ,itisproposed tocall for680million ECU for the fourth EDF
from thenine Member States which signed theFirst Lome Convention .
These contributions would becalled for infour equal instalments payable
onWednesday 20January ,Thursday 1April ,Thursday 1July andFriday 1
October 1982 .
The contributions for the first three Funds from the six original 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 dec:.j..on,i :

-ζ- vj.ii /y/u/b.L
1„Council Decision of29June 1976 onthe allocation tothe French
overseas territories of2million ECU atpresent held bythe EIB
following thepayments made tothe Bank inconnection with the special
loans granted totheACP States ,the countries and territories and
theFrench overseas departments after 1June 1964 andalso theproceeds
and income from risk capital operations conducted after 1February
1971 for the benefit ofthose states ,countries ,territories and
departments .
2.Agreement amending the Internal Agreement onthe financing and
administration ofCommunity aid\andspecifying inparticular the
amounts which theEIB ,following theaccession oftheDemocratic
Republic ofSaoTome andPrincipe ,theRepublic ofCape Verde and
Papua New Guinea tothe Lome Convention ,will pay into theEuropean
Development Fund tobecredited toBelgium ,theFederal Republic of
Germany ,France ,Italy ,Luxembourg and theNetherlands ,aspart of
their contributions .
Under theabovementioned Decision andAgreement ,contributions amounting
to1million ECU and 4750 000ECU respectively were called in1981 .The
balance ,involving the same amounts /remains tobecalled in1982 .The
contributions tobepaid bythe sixoriginal Member States have tobe
deducted .
The overall amount called will therefore beasfollows :
Fourth EDF 674 250 000 ECU
Council Decisión of29June 1976 1000 000 ECU
Agreement amending the Internal Agreement 4750 000ECU
The following table gives thebreakdown ofthecontributions byMember State
and the EIB .
OJKo I,287 ,13.10.1978 .

-3-
CONTRIBUTIONS FOR 1982 '
■ I
Meinbef
StateNormalcallfor
contribùtionsSpecialcallfor
contributions
(CouncilDecisionof
29.6.1976 )Specialcallfor
contributions
(Agreementamendingthe
InternalAgreement )TOTAL
perquarterly
callGRAND TOTAL
1982 ·
Tobepaidon20January,1April,,.~l_July and 1October 1982 -*»·1
Belgium 10535.156,25 74,218.75CD 10609.375– 42437,500,–
Germany 43.741968.75 308.156.25 (2)44050125.– 176200500–
France 43.741968.75•-- '■*.·.308156.25<1)44.050.125,– 176.200500–
Italy 20.227500,– -■'142500,–(1)20370,000.– 81480-000,–
Luxembourg 337125– -'' .^2375–(1) 339500,– .;1.358.000,–.
NETHERLANDS 13400718,75 94406.25(1)13495125,– 53.980.500^–
Denmark 4045500– •- ;28.500– 4074000, 16,296.000–
Ireland 1011.375–•V....;7,125„~ 1.018500– 4.074000r–
gSi£SS.. 31521187.50 222062.50'"31743.250– 126973000–
EIB
.. ·- - , . .·■■250.000–(3) 250000– .1-000000,–
TOTAL 168562500,– v'250000.– 1.187500,– 170000/000;– 680.000.000–
*"To'^epaia'OireitbytheEIBtotheCommission^andcreditedtotheMemberStatesindicated.
Tob*C'a^byGermanytotheCommission ,followingrecoveryofanequivalentamountbyGermanyfromtheEIB.
nirprtnavme.itfromtheEIBtotheCommission .

-H- vm /y7U/bi
THE EPF'sCASH RESOURCES -1981
At31August 1981 ,theCommission had cash resources of435million
ECU .
Atthe same date ,over the first eight months ofthe 1981 financial
year theCommission had actually disbursed 443million ECU .The
monthly average ofexpenditure was therefore 55.5 million ECU (443
-8=55.5 ).
The above average cannot ,however ,beused toestimate expenditure
between 1September 1981 and 31January 1982 given that itisinfluenced
byalarge Stabex /5thEDFpayment (105million ECU )made inJuly /
August 1981 ,which will notberepeated during the said period ,although
transfers amounting toaround 23million ECU will beeffected through
advance drawings onnext year 'sinstalment .
Itisrealistic tobase theestimates for theperiod 1September 1981
to31January 1982 ontheaverage monthly expenditure less the Stabex
disbursement ,which gives afigure ofapproximately 42.25 million ECU .
Projected expenditure for theabove period istherefore asfollows :
42.25 million ECU x5=211 million ECU +23million ECU (advance use
ofStabex funds )=234 million ECU .
The cash resources made available tothe Commission for the EDF 's
operations are spread over 80accounts inEurope and ineach ofthe
ACP States ,largely asaresult ofthe constraints imposed by
Protocol No 2toLomS I. This must betaken into account inthe
assessment ofthe volume ofcash resources needed :asum of130
million ECU isearmarked .

-s- VIII /970/81
B.EXPENDITURE FORECASTS FOR THE 1982 FINAN CIRLYEAR
1.For the first three EPFs
The first three EDFs arebeing wound up.Consequently ,they show a
declining expenditure curve .
In1980 ,21million ECU was disbursed under the first three EDFs
compared with 42million ECU in1979 ,During the first eight months
of1981 ,11million ECU was disbursed ,Abalance of86million ECU
therefore remains tobedisbursed ,ofwhich 20million ECU can
reasonably beexpected tobespent in1982 .
2.For the fourth and fifth EDFs
Total commitments under the fourth EDF atend 1981 will be
approximately 2903 million ECU ,anincrease of173million ECU -In
1980 ,the increase was 488 million ECU .
Under the fifth EDF fcommitments atend 1981 will amount tosome
714 million ECU .
Total commitments for the two Funds will therefore amount ,to887
million ECU in1981 compared with 488million ECU in1980 ,anincrease
of82% .Itcan beassumed that this increase incommitments during
the 1981 financial year -forprojects ,emergency aid ,study grants ,
EACexpenditure (technical assistance ),interest rate subsidies and
risk capital -will bereflected in1982 .inanincrease ofaround
20% inaverage monthly non-Stabex expenditure (42,25 million ECU/
month ).
Itwill ofcourse benecessary toadd tothat figure theestimated
cost ofthe 1982 St&bex instalment ,less the amount used inadvance
in1981 ,plus aprobable advance drawing onthe1983 instc.irn-nt iT>
1982 .Itwill also benecessary toallow foranticipated itu::e
tobeeffected in1982 forthe initial projects approved undar S«dmi •
(30million ECU ).

-6- VïIl /970/81
OVERALL FORECASTS FOR 1982
Onthebasis oftheabove considerations ,the requirements for 1982 ,
based onaverage monthly expenditure for 1981 (12months ),plus 20%
toallow for increased commitments ,can "therefore beestimated as
follows :(42.25 x12)x120% =608 million ECU +115 million ECU
(Stabex instalment )+30million ECU (Sysmin )=753million ECU .
RECONSTITUTION OFTHE EDF 'sCASH RESOURCES Million ECU
Account being taken :
1.ofthe foreseeable situation ofthe EDF at
14January 1982 (i.e. attheendofthe 1981
financial year ) 201
2.oftheestimate ofEDFexpenditure for 1982 753
3.ofthe need for the Commission tohave atits
disposal atthe end ofthe financial year ,
since itsaccounts arekept inmany different
places ,cash resources totalling ---• 130
The Commission considers itjustifiable that the following overall
siun should bekept atits disposal for the 1982 financial year :
753 +130 -201 =682 million ECU rounded off to680 million ECU .
This 1982 call for contributions of680 million ECU ,against forecast
expenditure of753million ECU ,will make itpossible toreduce to
128 million ECU the cash balance atthe end ofthe 1982 financial
year ,since thebalance held atthe end ofthe 1981 financial year
was excessive (201 million ECU ).
The Commission once again draws theMember States' attention tothe
need toabide strictly bythedate set forthepayment ofcontributions .Million ECU
201
753

-7- VIII /970/81
ANNEXES
State ofcommitments .Trends inand
procedures for thereconstitution of
cash resources .
Contributions tothe fourth EDF .

-8- ANNEX
European Development Fund -1982 financial year
Fourth EDF commitments
(million ECU )
Year Commitment for that year AGGREGATE
1976 407 407
1977 710 1117
1978 556 1673
1979 569 2242
1980 488 2730
1981 forecast 173X 2903
xForecast onthebasis oftheprogramme forEDF Committee
meetings uptoand including December 1981 .
Fifth EDF commitments
(million ECU )
Date Financing decisions
31.8.1981 366
31.12.1981 714X
xForecast onthebasis ofthe programme forEDF Committee
meetings uptoand including December 1981 .

-9- ANNEX
Reconstitution ofcash resources (million ECU )
Expenditure Resources
Cash situation at31August 1981 .
(all contributions for the 1981
financial year having been paid ) +435
Expenditure scheduled between now
and the end ofthe 1981
financial year .-234
Cash situation atthe end ofthe
1981 financial year +201
Contributions proposed for 1982
Fourth EDF +680
+881
Expenditure scheduled for
1982 -753
Cash situation at31December 1982 +128

-10- ANNEX
Fourth EDF -Contributions
(million ECU )
Contributions due 3161.5
Contributions paid and called for
paid in
ord .contrib .
supplement .
in
called for1976
1977
1978
1979
1979
1980
1981181
270
139
400
200
538
555
called for 19822283
6802963
Contributions still tobepaid
insubsequent financial years 198.5