EXPLANATORY MEMORANDUM

The Internal Agreement and Council Regulation (EC) No 215/2008 on the Financial regulation applicable to the 10th European Development Fund (hereinafter referred to as "10th EDF Financial Regulation") provide for a procedure for the calls for contributions to be paid by Member States to finance the EDF. In accordance with Article 57(3) of the 10th EDF Financial Regulation, this proposal covers:

– The ceiling of the contributions from Member States for 2016;

– The amount of the contributions for 2015;

– The amount of the first instalment of the contribution for 2015.

In accordance with Article 57(7) of the 10th EDF Financial Regulation, the amount managed by the Commission and the amount managed by the EIB are specified separately.

In accordance with Article 145 of the 10th EDF Financial Regulation, the EIB has sent the Commission its updated estimates of commitments and payments under the instruments it manages.

In accordance with Article 58(2) of the Financial Regulation calls for contributions should first use up the amounts available from previous EDFs, one after the other. The calls for contributions in this proposal therefore concern amounts under the 10th EDF for both the EIB (1st call under the 10th EDF) and the Commission.

In accordance with Article 57(3) of the 10th EDF Financial Regulation, the Council must decide on this proposal at the latest by the 15th of November 2014, and Member States must pay the first instalment at the latest by the 21st January 2015.

Article 60(1) of the 10th EDF Financial Regulation provides that a Member State which fails to pay the instalment of the contribution due by the deadline will be required to pay interest on the amount unpaid; the arrangements for the payment of interest are specified in the same Article.

2014/0298 (NLE)

Proposal for a

COUNCIL DECISION

on the financial contributions to be paid by Member states to finance the European Development fund, including the ceiling for 2016, the amount for 2015 and the first instalment for 2015.

THE COUNCIL OF THE EUROPEAN UNION,

Having regard 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, 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[1], ("the Internal Agreement") and in particular Article 7 thereof,

Having regard to the Council Regulation (EC) No 215/2008 of 18 February 2008 on the Financial Regulation applicable to the 10th European Development Fund (hereinafter referred to as "the 10th EDF Financial Regulation")[2] as last amended on 11 April 2011[3], and in particular Article 57(5) thereof,

Having regard to the proposal from the European Commission,

Whereas:

(1) In accordance with the procedure laid down in Articles 57 to 61 of the 10th EDF Financial Regulation , the Commission is presenting a proposal by 15 October specifying (a) the ceiling of the annual amount of the Member States contribution for 2016, (b) the amount of the contribution for 2015, and (c) the amount of the first instalment of the contribution for 2015.

(2) In accordance with the first paragraph of Article 145 of the 10th EDF Financial Regulation, the European Investment Bank has sent the Commission its updated estimates of commitments and payments under the instruments it manages.

(3) Article 58(2) of the 10th European Development Fund (hereafter "the EDF") Financial Regulation provides that calls for contributions first use up the amounts provided for previous EDFs. Therefore a call for funds under the 10th EDF should be made,

(4) The Council has adopted on the 7th of November 2013, on a proposal made by the Commission, the decision to fix at EUR 3 300 000 000 the Commission's share and at EUR 300 000 000 the EIB's share of the Member States contributions to the EDF for 2015[4]

HAS ADOPTED THIS DECISION:

Article 1

The ceiling for the annual amount of the Member States EDF contributions for 2016 is hereby set at EUR 3 350 000 000 for the Commission, and at EUR 250 000 000 for the European Investment Bank.

Article 2

The annual amount of the Member States EDF contributions for 2015 shall remain unchanged and amount to EUR°3°600°000°000. It shall be divided into EUR 3 400 000 000 for the Commission, and EUR 200 000 000 for the European investment Bank.

Article 3

The individual EDF contributions to be paid by the Member States to the Commission and the EIB as the first instalment for 2015 are set out in the table in the Annex.

Article 4

This Decision is addressed to the Member States.

Done at Brussels,

For the Council

The President

[1] OJ L 247, 9.9.2006, p. 32.

[2] OJ L 78, 19.3.2008, p. 1.

[3] OJ L 102, 16/04/2011, p. 1.

[4] Doc. 15699/13

ANNEX

to the

Proposal for a COUNCIL DECISION on the financial contributions to be paid by Member States to finance the European Development Fund, including the ceiling for 2016, the amount for 2015 and the first instalment for 2015

First instalment of EDF Contributions for 2015 (EUR)

|| || || ||

MEMBER STATES || Key 10th EDF % || 1st instalment

paid to || paid to || Total

EIB || Commission

10th EDF || 10th EDF

AUSTRIA || 2,41 || 1.205.000,00 || 36.150.000,00 || 37.355.000,00

BELGIUM || 3,53 || 1.765.000,00 || 52.950.000,00 || 54.715.000,00

BULGARIA || 0,14 || 70.000,00 || 2.100.000,00 || 2.170.000,00

CYPRUS || 0,09 || 45.000,00 || 1.350.000,00 || 1.395.000,00

CZECH REPUBLIC || 0,51 || 255.000,00 || 7.650.000,00 || 7.905.000,00

DENMARK || 2,00 || 1.000.000,00 || 30.000.000,00 || 31.000.000,00

ESTONIA || 0,05 || 25.000,00 || 750.000,00 || 775.000,00

FINLAND || 1,47 || 735.000,00 || 22.050.000,00 || 22.785.000,00

FRANCE || 19,55 || 9.775.000,00 || 293.250.000,00 || 303.025.000,00

GERMANY || 20,50 || 10.250.000,00 || 307.500.000,00 || 317.750.000,00

GREECE || 1,47 || 735.000,00 || 22.050.000,00 || 22.785.000,00

HUNGARY || 0,55 || 275.000,00 || 8.250.000,00 || 8.525.000,00

IRELAND || 0,91 || 455.000,00 || 13.650.000,00 || 14.105.000,00

ITALY || 12,86 || 6.430.000,00 || 192.900.000,00 || 199.330.000,00

LATVIA || 0,07 || 35.000,00 || 1.050.000,00 || 1.085.000,00

LITHUANIA || 0,12 || 60.000,00 || 1.800.000,00 || 1.860.000,00

LUXEMBOURG || 0,27 || 135.000,00 || 4.050.000,00 || 4.185.000,00

MALTA || 0,03 || 15.000,00 || 450.000,00 || 465.000,00

NETHERLANDS || 4,85 || 2.425.000,00 || 72.750.000,00 || 75.175.000,00

POLAND || 1,30 || 650.000,00 || 19.500.000,00 || 20.150.000,00

PORTUGAL || 1,15 || 575.000,00 || 17.250.000,00 || 17.825.000,00

ROMANIA || 0,37 || 185.000,00 || 5.550.000,00 || 5.735.000,00

SLOVAKIA || 0,21 || 105.000,00 || 3.150.000,00 || 3.255.000,00

SLOVENIA || 0,18 || 90.000,00 || 2.700.000,00 || 2.790.000,00

SPAIN || 7,85 || 3.925.000,00 || 117.750.000,00 || 121.675.000,00

SWEDEN || 2,74 || 1.370.000,00 || 41.100.000,00 || 42.470.000,00

UNITED KINGDOM || 14,82 || 7.410.000,00 || 222.300.000,00 || 229.710.000,00

TOTAL EU-27 || 100,00 || 50.000.000,00 || 1.500.000.000,00 || 1.550.000.000,00