COMMUNICATION FROM THE COMMISSION TO THE COUNCIL

European Development Fund (EDF): forecasts of commitments, payments and contributions from Member States for 2013, 2014 and 2015

1. Foreword

In accordance with Article 7(1) and (5) of the 10th EDF Internal Agreement[1], the Commission presents in this document estimates of commitments, payments and contributions for the period 2013 to 2015, taking into account the forecasts of the European Investment Bank (EIB). The Member States contribute funds directly to the European Investment Bank for the instruments which it manages under the 9th and 10th EDFs (the Investment Facility and interest-rate subsidies). Therefore this communication draws a clear distinction between funds managed by the EIB under the 9th and 10th EDFs and those managed by the Commission.

The graph below shows the general trend in gross commitments and payments since 1999, including projections for 2014-2015 (Commission and EIB cumulated).

2. Financial forecasts for 2013 - 2015

The following table provides an update of the commitments, the payments and of the contributions, based on our latest forecasts.

Forecasts 2013-2015[2] || 2013 || 2014 || 2015[3]

|| Commission || 4,112 || 1,390 || 4,663

Commitments || EIB || 915 || 990 || 940

|| Total || 5,027 || 2,380 || 5,603

|| Commission || 2,842 || 3,320 || 3,400

Payments || EIB || 312 || 410 || 470

|| Total || 3,154 || 3,730 || 3,870

|| Commission || 2,950 || 3,100 || 3,300

Contributions || EIB || 250 || 150 || 300

|| Total || 3,200 || 3,250 || 3,600

3. Financial implementation forecasts for 2013 - 2015

The Commission and the EIB have updated their commitment and payment forecasts for 2013 and 2014 for each of the ACP[4] countries and the OCTs[5]. The result and the amount of contributions necessary to finance the EDF for 2014 to 2015 are set out in Attachments 1 to 3 where they are compared with the figures given in the June 2013 communication[6].

The contributions 2013 and 2014 by instalment and by Member State are presented in the Attachments 4 and 5.

3.1. Attachment 1: forecasts for commitments[7] for 2013, 2014 and 2015 (EUR million)

|| 2013 || 2014 || 2015

|| COM Oct 2012 || COM June 2013 || COM Oct 2013 || COM June 2013 || COM Oct 2013 || COM Oct 2013

Regions || || || || || ||

East Africa || 1,203 || 982 || 1,010 || || 127 ||

West Africa || 1,640 || 1,198 || 1,321 || || 213 ||

Central Africa || 6 || 132 || 174 || || 142 ||

Caribbean || 231 || 257 || 300 || || 45 ||

Pacific || 140 || 188 || 217 || || 26 ||

Southern Africa || 474 || 388 || 428 || || 147 ||

Sub-total || 3,694 || 3,145 || 3,450 || || 700 ||

Other || || || || || ||

Water and Energy Facility || 109 || 0 || 56 || || ||

Other[8] || 459 || 547 || 606 || || 690 ||

Sub-total || 568 || 547 || 662 || || 690 ||

Total European Commission || 4,262 || 3,692 || 4,112 || 1,600 || 1,390 || 4,663

Investment facility || 550 || 550 || 855 || 620 || 900 || 850

Interest rate subsidies || 90 || 90 || 60 || 100 || 90 || 90

Total EIB || 640 || 640 || 915 || 720 || 990 || 940

TOTAL EC+EIB || 4,902 || 4,332 || 5,027 || 2,320 || 2,380 || 5,603

3.2. Attachment 2: forecasts for payments[9] for 2013, 2014 and 2015 (EUR million)

|| 2013 || 2014 || 2015

|| COM Oct 2012 || COM June 2013 || COM Oct 2013 || COM June 2013 || COM Oct 2013 || COM Oct 2013

Regions || || || || || ||

East Africa || 458 || 404 || 392 || || 438 ||

West Africa || 848 || 783 || 782 || || 874 ||

Central Africa || 426 || 378 || 382 || || 426 ||

Caribbean || 250 || 125 || 125 || || 230 ||

Pacific || 133 || 73 || 64 || || 130 ||

Southern Africa || 386 || 404 || 388 || || 434 ||

Sub-total || 2,501 || 2,167 || 2,133 || || 2,532 ||

Other || || || || || ||

Peace Facility || 170 || 173 || 257 || || 287 ||

Infrastructure Trust Fund || 0 || 0 || 0 || || 0 ||

Water and Energy Facility || 120 || 111 || 111 || || 119 ||

Other[10] || 383 || 391 || 341 || || 382 ||

Sub-total || 673 || 675 || 709 || || 788 ||

Total European Commission || 3,174 || 2,842 || 2,842 || 3,212 || 3,320 || 3,400

Investment facility || 330 || 330 || 285 || 400 || 330 || 390

Interest rate subsidies || 90 || 90 || 27 || 100 || 80 || 80

Total EIB || 420 || 420 || 312 || 500 || 410 || 470

TOTAL EC+EIB || 3,594 || 3,262 || 3,154 || 3,712 || 3,730 || 3,870

3.3. Attachment 3: financial situation estimated 2013, 2014 and 2015 (EUR million)

|| || COM June 2013[11] || COM October 2013

|| || Commission || EIB || TOTAL || Commission || EIB || TOTAL

|| Balance 31/12/2012[12] || 586 || 144 || 730 || 586 || 144 || 730

2013 || Member States contributions, of which: || 3,100 || 250 || 3,350 || 2,950 || 250 || 3,200

1st instalment || 1,850 || 100 || 1,950 || 1,850 || 100 || 1,950

2nd instalment || 1,000 || 100 || 1,100 || 850 || 100 || 950

3rd instalment || 250 || 50 || 300 || 250 || 50 || 300

Contributions 2013 received in 2012 || -293 || || -293 || -293 || || -293

Contributions 2012 received in 2013 || || || || || ||

Reflows[13] || || 130 || 130 || || 145 || 145

Recoveries, interest and other || 50 || || 50 || 100 || || 100

Total payments[14] || -2,842 || -420 || -3,262 || -2,842 || -312 || -3,154

Balance at 31/12/2013 || 601 || 104 || 705 || 501 || 227 || 728

2014 || Member States contributions, of which: || 2,950 || 360 || 3,310 || 3,100 || 150 || 3,250

1st instalment || || || || 2,000 || || 2,000

2nd instalment || || || || 850 || 106 || 956

3rd instalment || || || || 250 || 44 || 294

Reflows || || 120 || 120 || || 120 || 120

Recoveries, interest and other || 50 || || 50 || 50 || || 50

Total payments || -3,212 || -500 || -3,712 || -3,320 || -410 || -3,730

Balance at 31/12/2014 || 389 || 84 || 473 || 331 || 87 || 418

2015 || Member States contributions || || || || 3,300 || 300 || 3,600

Reflows || || || || || 120 || 120

Recoveries, interest and other || || || || 50 || || 50

Total payments || || || || -3,400 || -470 || -3,870

Balance at 31/12/2015 || || || || 281 || 37 || 318

3.4. Attachment 4: Member States contributions 2013 (EUR)

MEMBER STATES || Key 9th EDF % || Key 10th EDF % || 1st instalment || 2nd instalment || 3rd instalment || Total EIB || Total Commission || Total 2013 ||

paid to EIB 9th EDF || paid to Commission 10th EDF || paid to EIB 9th EDF || paid to Commission 10th EDF || paid to EIB 9th EDF || paid to Commission 10th EDF ||

BELGIUM || 3.92 || 3.53 || 3,920,000 || 65,305,000 || 3,920,000 || 30,005,000 || 1,960,000 || 8,825,000 || 9,800,000 || 104,135,000 || 113,935,000 ||

DENMARK || 2.14 || 2.00 || 2,140,000 || 37,000,000 || 2,140,000 || 17,000,000 || 1,070,000 || 5,000,000 || 5,350,000 || 59,000,000 || 64,350,000 ||

GERMANY || 23.36 || 20.50 || 23,360,000 || 379,250,000 || 23,360,000 || 174,250,000 || 11,680,000 || 51,250,000 || 58,400,000 || 604,750,000 || 663,150,000 ||

GREECE || 1.25 || 1.47 || 1,250,000 || 27,195,000 || 1,250,000 || 12,495,000 || 625,000 || 3,675,000 || 3,125,000 || 43,365,000 || 46,490,000 ||

SPAIN || 5.84 || 7.85 || 5,840,000 || 145,225,000 || 5,840,000 || 66,725,000 || 2,920,000 || 19,625,000 || 14,600,000 || 231,575,000 || 246,175,000 ||

FRANCE || 24.30 || 19.55 || 24,300,000 || 361,675,000 || 24,300,000 || 166,175,000 || 12,150,000 || 48,875,000 || 60,750,000 || 576,725,000 || 637,475,000 ||

IRELAND || 0.62 || 0.91 || 620,000 || 16,835,000 || 620,000 || 7,735,000 || 310,000 || 2,275,000 || 1,550,000 || 26,845,000 || 28,395,000 ||

ITALY || 12.54 || 12.86 || 12,540,000 || 237,910,000 || 12,540,000 || 109,310,000 || 6,270,000 || 32,150,000 || 31,350,000 || 379,370,000 || 410,720,000 ||

LUXEMBOURG || 0.29 || 0.27 || 290,000 || 4,995,000 || 290,000 || 2,295,000 || 145,000 || 675,000 || 725,000 || 7,965,000 || 8,690,000 ||

NETHERLANDS || 5.22 || 4.85 || 5,220,000 || 89,725,000 || 5,220,000 || 41,225,000 || 2,610,000 || 12,125,000 || 13,050,000 || 143,075,000 || 156,125,000 ||

AUSTRIA || 2.65 || 2.41 || 2,650,000 || 44,585,000 || 2,650,000 || 20,485,000 || 1,325,000 || 6,025,000 || 6,625,000 || 71,095,000 || 77,720,000 ||

PORTUGAL || 0.97 || 1.15 || 970,000 || 21,275,000 || 970,000 || 9,775,000 || 485,000 || 2,875,000 || 2,425,000 || 33,925,000 || 36,350,000 ||

FINLAND || 1.48 || 1.47 || 1,480,000 || 27,195,000 || 1,480,000 || 12,495,000 || 740,000 || 3,675,000 || 3,700,000 || 43,365,000 || 47,065,000 ||

SWEDEN || 2.73 || 2.74 || 2,730,000 || 50,690,000 || 2,730,000 || 23,290,000 || 1,365,000 || 6,850,000 || 6,825,000 || 80,830,000 || 87,655,000 ||

UNITED KINGDOM || 12.69 || 14.82 || 12,690,000 || 274,170,000 || 12,690,000 || 125,970,000 || 6,345,000 || 37,050,000 || 31,725,000 || 437,190,000 || 468,915,000 ||

Sub-total EUR-15 || 100 || 96.38 || 100,000,000 || 1,783,030,000 || 100,000,000 || 819,230,000 || 50,000,000 || 240,950,000 || 250,000,000 || 2,843,210,000 || 3,093,210,000 ||

BULGARIA || || 0.14 || || 2,590,000 || || 1,190,000 || || 350,000 || || 4,130,000 || 4,130,000 ||

CZECH REPUBLIC || || 0.51 || || 9,435,000 || || 4,335,000 || || 1,275,000 || || 15,045,000 || 15,045,000 ||

ESTONIA || || 0.05 || || 925,000 || || 425,000 || || 125,000 || || 1,475,000 || 1,475,000 ||

CYPRUS || || 0.09 || || 1,665,000 || || 765,000 || || 225,000 || || 2,655,000 || 2,655,000 ||

LATVIA || || 0.07 || || 1,295,000 || || 595,000 || || 175,000 || || 2,065,000 || 2,065,000 ||

LITHUANIA || || 0.12 || || 2,220,000 || || 1,020,000 || || 300,000 || || 3,540,000 || 3,540,000 ||

HUNGARY || || 0.55 || || 10,175,000 || || 4,675,000 || || 1,375,000 || || 16,225,000 || 16,225,000 ||

MALTA || || 0.03 || || 555,000 || || 255,000 || || 75,000 || || 885,000 || 885,000 ||

POLAND || || 1.30 || || 24,050,000 || || 11,050,000 || || 3,250,000 || || 38,350,000 || 38,350,000 ||

ROMANIA || || 0.37 || || 6,845,000 || || 3,145,000 || || 925,000 || || 10,915,000 || 10,915,000 ||

SLOVENIA || || 0.18 || || 3,330,000 || || 1,530,000 || || 450,000 || || 5,310,000 || 5,310,000 ||

SLOVAKIA || || 0.21 || || 3,885,000 || || 1,785,000 || || 525,000 || || 6,195,000 || 6,195,000 ||

Sub-total EUR-12 || || 3.62 || || 66,970,000 || || 30,770,000 || || 9,050,000 || || 106,790,000 || 106,790,000 ||

TOTAL EUR-27 || 100 || 100 || 100,000,000 || 1,850,000,000 || 100,000,000 || 850,000,000 || 50,000,000 || 250,000,000 || 250,000,000 || 2,950,000,000 || 3,200,000,000 ||

3.5. Attachment 5: Member States contributions 2014 (EUR)

MEMBER STATES || Key 9th EDF % || Key 10th EDF % || 1st instalment || 2nd instalment || 3rd instalment || Total EIB || Total Commission || Total 2014 ||

paid to EIB 9th EDF || paid to Commission 10th EDF || paid to EIB 9th EDF || paid to Commission 10th EDF || paid to EIB 10th EDF || paid to Commission 10th EDF ||

BELGIUM || 3.92 || 3.53 || 0.00 || 70,600,000.00 || 4,143,095.94 || 30,005,000.00 || 1,564,099.83 || 8,825,000.00 || 5,707,195.77 || 109,430,000.00 || 115,137,195.77 ||

DENMARK || 2.14 || 2.00 || 0.00 || 40,000,000.00 || 2,261,792.17 || 17,000,000.00 || 886,175.54 || 5,000,000.00 || 3,147,967.71 || 62,000,000.00 || 65,147,967.71 ||

GERMANY || 23.36 || 20.50 || 0.00 || 410,000,000.00 || 24,689,469.69 || 174,250,000.00 || 9,083,299.29 || 51,250,000.00 || 33,772,768.98 || 635,500,000.00 || 669,272,768.98 ||

GREECE || 1.25 || 1.47 || 0.00 || 29,400,000.00 || 1,321,140.29 || 12,495,000.00 || 651,339.02 || 3,675,000.00 || 1,972,479.31 || 45,570,000.00 || 47,542,479.31 ||

SPAIN || 5.84 || 7.85 || 0.00 || 157,000,000.00 || 6,172,367.42 || 66,725,000.00 || 3,478,239.00 || 19,625,000.00 || 9,650,606.42 || 243,350,000.00 || 253,000,606.42 ||

FRANCE || 24.30 || 19.55 || 0.00 || 391,000,000.00 || 25,682,967.19 || 166,175,000.00 || 8,662,365.91 || 48,875,000.00 || 34,345,333.09 || 606,050,000.00 || 640,395,333.09 ||

IRELAND || 0.62 || 0.91 || 0.00 || 18,200,000.00 || 655,285.58 || 7,735,000.00 || 403,209.87 || 2,275,000.00 || 1,058,495.45 || 28,210,000.00 || 29,268,495.45 ||

ITALY || 12.54 || 12.86 || 0.00 || 257,200,000.00 || 13,253,679.36 || 109,310,000.00 || 5,698,108.72 || 32,150,000.00 || 18,951,788.09 || 398,660,000.00 || 417,611,788.09 ||

LUXEMBOURG || 0.29 || 0.27 || 0.00 || 5,400,000.00 || 306,504.55 || 2,295,000.00 || 119,633.70 || 675,000.00 || 426,138.24 || 8,370,000.00 || 8,796,138.24 ||

NETHERLANDS || 5.22 || 4.85 || 0.00 || 97,000,000.00 || 5,517,081.84 || 41,225,000.00 || 2,148,975.68 || 12,125,000.00 || 7,666,057.53 || 150,350,000.00 || 158,016,057.53 ||

AUSTRIA || 2.65 || 2.41 || 0.00 || 48,200,000.00 || 2,800,817.41 || 20,485,000.00 || 1,067,841.53 || 6,025,000.00 || 3,868,658.94 || 74,710,000.00 || 78,578,658.94 ||

PORTUGAL || 0.97 || 1.15 || 0.00 || 23,000,000.00 || 1,025,204.86 || 9,775,000.00 || 509,550.94 || 2,875,000.00 || 1,534,755.80 || 35,650,000.00 || 37,184,755.80 ||

FINLAND || 1.48 || 1.47 || 0.00 || 29,400,000.00 || 1,564,230.10 || 12,495,000.00 || 651,339.02 || 3,675,000.00 || 2,215,569.12 || 45,570,000.00 || 47,785,569.12 ||

SWEDEN || 2.73 || 2.74 || 0.00 || 54,800,000.00 || 2,885,370.39 || 23,290,000.00 || 1,214,060.49 || 6,850,000.00 || 4,099,430.88 || 84,940,000.00 || 89,039,430.88 ||

UNITED KINGDOM || 12.69 || 14.82 || 0.00 || 296,400,000.00 || 13,412,216.20 || 125,970,000.00 || 6,566,560.75 || 37,050,000.00 || 19,978,776.95 || 459,420,000.00 || 479,398,776.95 ||

Sub-total EUR-15 || 100 || 96.38 || 0.00 || 1,927,600,000.00 || 105,691,222.99 || 819,230,000.00 || 42,704,799.28 || 240,950,000.00 || 148,396,022.27 || 2,987,780,000.00 || 3,136,176,022.27 ||

BULGARIA || || 0.14 || || 2,800,000.00 || || 1,190,000.00 || 62,032.29 || 350,000.00 || 62,032.29 || 4,340,000.00 || 4,402,032.29 ||

CZECH REPUBLIC || || 0.51 || || 10,200,000.00 || || 4,335,000.00 || 225,974.76 || 1,275,000.00 || 225,974.76 || 15,810,000.00 || 16,035,974.76 ||

ESTONIA || || 0.05 || || 1,000,000.00 || || 425,000.00 || 22,154.39 || 125,000.00 || 22,154.39 || 1,550,000.00 || 1,572,154.39 ||

CYPRUS || || 0.09 || || 1,800,000.00 || || 765,000.00 || 39,877.90 || 225,000.00 || 39,877.90 || 2,790,000.00 || 2,829,877.90 ||

LATVIA || || 0.07 || || 1,400,000.00 || || 595,000.00 || 31,016.14 || 175,000.00 || 31,016.14 || 2,170,000.00 || 2,201,016.14 ||

LITHUANIA || || 0.12 || || 2,400,000.00 || || 1,020,000.00 || 53,170.53 || 300,000.00 || 53,170.53 || 3,720,000.00 || 3,773,170.53 ||

HUNGARY || || 0.55 || || 11,000,000.00 || || 4,675,000.00 || 243,698.27 || 1,375,000.00 || 243,698.27 || 17,050,000.00 || 17,293,698.27 ||

MALTA || || 0.03 || || 600,000.00 || || 255,000.00 || 13,292.63 || 75,000.00 || 13,292.63 || 930,000.00 || 943,292.63 ||

POLAND || || 1.30 || || 26,000,000.00 || || 11,050,000.00 || 576,014.10 || 3,250,000.00 || 576,014.10 || 40,300,000.00 || 40,876,014.10 ||

ROMANIA || || 0.37 || || 7,400,000.00 || || 3,145,000.00 || 163,942.47 || 925,000.00 || 163,942.47 || 11,470,000.00 || 11,633,942.47 ||

SLOVENIA || || 0.18 || || 3,600,000.00 || || 1,530,000.00 || 79,755.80 || 450,000.00 || 79,755.80 || 5,580,000.00 || 5,659,755.80 ||

SLOVAKIA || || 0.21 || || 4,200,000.00 || || 1,785,000.00 || 93,048.43 || 525,000.00 || 93,048.43 || 6,510,000.00 || 6,603,048.43 ||

Sub-total EUR-12 || || 3.62 || || 72,400,000.00 || || 30,770,000.00 || 1,603,977.73 || 9,050,000.00 || 1,603,977.73 || 112,220,000.00 || 113,823,977.73 ||

TOTAL EUR-27 || 100 || 100 || || 2,000,000,000.00 || 105,691,222.99 || 850,000,000.00 || 44,308,777.01 || 250,000,000.00 || 150,000,000.00 || 3,100,000,000.00 || 3,250,000,000.00 ||

[1] Internal Agreement between the Representatives of the Governments of the Member States, meeting within the Council, on the financing of Community aid under the multiannual financial framework for the period 2008 to 2013 in accordance with the ACP-EC Partnership Agreement and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the EC Treaty applies (OJ L 247, 9.9.2006, p. 32).

[2] Gross amounts, i.e. no decommitments or recoveries/reflows have been deducted. This approach is in line with what was used for the general budget of the EU.

[3] It is yet unclear when the 11th EDF will be ratified, and thus when commitments can be made from 11th EDF funds. The commitment amount mentioned does not foresee the 11th EDF in force in 2014 but takes into account the use of a bridging fund, that is composed from de-commitments of older EDF's and unused 10th EDF funds at 31/12/2013, and de-commitments from 8th, ,9th and 10th EDF during 2014.

[4] African, Caribbean and Pacific States

[5] Overseas Countries and Territories

[6] COM(2013)346 final of 10.06.2013

[7] Gross commitments, i.e. without de-commitments being deducted.

[8] Includes support expenditures, e.g. to support joint institutions and the ACP Secretariat.

[9] Gross payments, i.e. without recoveries being deducted.

[10] Includes Intra-ACP expenditure (including expenditure related to the African Peace Facility), support expenditures (e.g. to support joint institutions and the ACP Secretariat), risk capital including interest rate subsidies under previous EDFs and unforeseen needs (Envelope B). For the latter the estimated amount is € 200 million.

[11] COM(2013) 346

[12] Funds available for operations.

[13] Net of EIB management fees.

[14] Including interest rates subsidies under the previous EDFs.