Proposal for a Council Decision fixing the financial contributions to be paid by the Member States to the European Development Fund (third instalment for 2003)
Date: 2003-10-14
Institutions: European Commission
Subjects: European Development Fund, European Investment Bank, Member States' contribution

EN

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 14.10.2003
COM(2003) 608 final

Proposal for a

COUNCIL DECISION

fixing the financial contributions to be paid by the Member States to the European
Development Fund (third instalment for 2003)

(presented by the Commission)

 
EXPLANATORY MEMORANDUM

Since the entry into force of the 9th EDF Financial Regulation it is the Council, acting on a
proposal  from  the  Commission,  that  decides  on  each  of  the  three  instalments  the  Member
States have to contribute towards financing the EDF. Member State contributions to the ninth
EDF  instruments  managed  by  the  EIB  (European  Investment  Bank)  are  paid  directly  to  the
Bank. The rest are paid to the Commission.

As  required  by  Article  121  of  the  said  Financial  Regulation,  the  EIB  transmitted  to  the
Commission its updated estimates for payments in respect of the instruments it manages.

The  present  proposal  concerns  the  third  call  for  contributions  in  the  2003  financial  year.  In
accordance with Article 38(2) of the Financial Regulation for the 9th EDF the timetable laid
down for this instalment is as follows: (1) The Commission submits a proposal to the Council
by  10  October  2003;  (2)  the  Council  takes  a  decision  no  later  than  21  calendar  days  after
presentation  of  the  proposal;  (3)  The  Member  States  pay  their  contributions  no  later  than
21 calendar days after the date on which they are notified of the Council Decision.

Note that Article 40(4) of the  9th  EDF  Financial  Regulation  stipulates  that  a  Member  State
which  fails  to  pay  its  contribution  towards  the  instalment  by  the  deadline  laid  down  in
Article 38(1) will be required to pay interest on the amount unpaid; the arrangements for the
payment of interest are specified in the same paragraph.

2

Proposal for a

COUNCIL DECISION

fixing the financial contributions to be paid by the Member States to the European
Development Fund (third instalment for 2003)

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European Community,

Having regard to the Partnership Agreement between the members of the African, Caribbean
and Pacific Group of States, of  the  one  part,  and  the  European  Community  and  its  Member
States, of the other part, signed in Cotonou (Benin) on 23 June 2000,1

Having regard to the Internal Agreement on the Financing and Administration of Community
Aid signed in Brussels on 18 September 2000,2 and in particular Article 10 thereof,

Having  regard  to  the  Council  Decision  of  27  November  2001  on  the  association  of  the
overseas countries and territories with the European Community,3

Having  regard  to  the  Financial  Regulation  of  27  mars  2003  applicable  to  the  9th  European
Development Fund, and in particular Article 38(1) thereof,

Having regard to the proposal from the Commission,4

Whereas:

(1)

(2)

On 28 November 2002 the Commission sent the Council a statement of the payments
to be made in 2003 and the schedule of calls for contributions. On 29 December  the
Council adopted the Decision laying down the 2003 schedule of calls for contributions
from the Member States to the EDF.

On  the  basis  of  that  Decision,  the  Commission  called  for  contributions  of
in  December  2002  and  March  2003
EUR 450 million  and  EUR 500 million 
respectively. Thereafter the Council decided that the July 2003 contributions would be
EUR 50 million to be paid to the European Investment Bank and EUR 750 million to
the Commission.

1

2

3

4

OJ L 317 of 15.12.2000, p. 3.
OJ L 317 of 15.12.2000, p. 355.
OJ L 314 of 30.11.2001, p. 1.
OJ C , , p. .

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(3)

(4)

(5)

(6)

The third subparagraph of Article 38(2) of the Financial Regulation applicable to the
9th EDF, which entered into force on 2 April 2003, provides that the proposal for the
third  instalment  of  the  current  year  shall  be  presented  by  the  Commission  by
10 October.

The  same  subparagraph  stipulates  that  the  Council  shall  decide  on  this  instalment  at
the  latest  by  21  calendar  days  following  the  presentation  by  the  Commission  of  its
proposal,  and  that  the  Member  States  shall  pay  the  contributions  due  under  this
instalment at the latest by 21 calendar days following the date on which the Council's
decision was notified to them. 

As  required  under  Article  121(2)  of  the  Financial  Regulation  applicable  to  the
9th EDF, the European Investment Bank sent the Commission its updated estimates of
commitments and payments.

Article  133(2)  and  (3)  of  the  Financial  Regulation  stipulates  that  the  procedure  for
calling for contributions for the 9th EDF shall also apply to previous EDFs.

HAS ADOPTED THIS DECISION:

The  contributions  to  be  paid  by  the  Member  States  to  the  Commission  and  the  European
Investment Bank as the third instalment for 2003 are set out in the Table in the Annex.

Sole Article

This Decision is addressed to the Member States.

Done at Brussels, 

For the Council
The President

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ANNEX

Third instalment of contributions for 2003 (in euro)

COUNTRY

To the
European Investment
Bank

GERMANY

BELGIUM

DENMARK

SPAIN

FRANCE

GREECE

IRELAND

ITALY

LUXEMBOURG

NETHERLANDS

PORTUGAL

UNITED KINGDOM

AUSTRIA

FINLAND

SWEDEN

TOTAL

7 008 000

1 176 000

642 000

1 752 000

7 290 000

375 000

186 000

3 762 000

87 000

1 566 000

291 000

3 807 000

795 000

444 000

819 000

To the
Commission

98 112 000

16 464 000

8 988 000

24 528 000

102 060 000

5 250 000

2 604 000

52 668 000

1 218 000

21 924 000

4 074 000

53 298 000

11 130 000

6 216 000

11 466 000

30 000 000

420 000 000

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1.

2.

3.
4.
5.

FINANCIAL STATEMENT

BUDGET HEADING: not applicable: concerns the EDF

DATE: 1 October 2003
CREDITS:
Not applicable

TITLE: Council Decision fixing the financial contributions to be paid by the Member States to the
European Development Fund (third instalment for 2003)
LEGAL BASIS: Financial Regulation of 27 March 2003 applicable to the 9th EDF
AIMS OF THE MEASURE: Call for the third instalment of the Member States' contributions for 2003.
FOLLOWING
FINANCIAL IMPLICATIONS
FINANCIAL
YEAR
[n+1]
(EUR million)

CURRENT
FINANCIAL
YEAR
[n]
(EUR million)

PERIOD OF 12
MONTHS

(EUR million)

5.0

EXPENDITURE
- CHARGED TO EC BUDGET

(REFUNDS/INTERVENTION)

- NATIONAL BUDGETS
- OTHER SECTORS
REVENUE
- EC OWN RESOURCES

5.1

(LEVIES/CUSTOMS DUTIES)

- NATIONAL

5.0.1 ESTIMATED EXPENDITURE
5.1.1 ESTIMATED REVENUE
5.2 METHOD OF CALCULATION:

not applicable

not applicable

[n+2]

[n+3]

[n+4]

[n+5]

6.0

6.1

CAN THE PROJECT BE FINANCED FROM APPROPRIATIONS ENTERED IN
THE RELEVANT CHAPTER OF THE CURRENT BUDGET?
CAN THE PROJECT BE FINANCED BY TRANSFER BETWEEN CHAPTERS
OF THE CURRENT BUDGET?
IS A SUPPLEMENTARY BUDGET NECESSARY

6.2
6.3 WILL FUTURE BUDGET APPROPRIATIONS BE NECESSARY?
OBSERVATIONS:

YES NO

YES NO
YES NO
YES NO

6