Communication from the Commission to the Council and the European Parliament - Financial information on the European Development Funds
Date: 2010-06-15
Institutions: European Commission
Subjects: European Development Fund, Member States' contribution, budget estimate, commitment of expenditure, financial management, financial year, implementation of the budget

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EUROPEAN COMMISSION 

Brussels, 15.6.2010 
COM(2010)319 final 

COMMUNICATION FROM THE COMMISSION TO THE COUNCIL AND THE 
EUROPEAN PARLIAMENT 

Financial information on the European Development Funds 

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COMMUNICATION FROM THE COMMISSION TO THE COUNCIL AND THE 
EUROPEAN PARLIAMENT 

Financial information on the European Development Funds 

FOREWORD 

This  document  is  to  be  annexed  to  the  draft  budget  for  2011,  in  accordance  with  the  1979 
agreements on budgetary procedure. 

In  accordance  with  Article  7  of  the  Internal  Agreement1  and  Article  57(3)  and  (4)  of  the 
Financial Regulation2, the Commission presents in this document estimates of commitments, 
payments and contributions for the period 2010 to 2011, taking into account the forecasts of 
the European Investment Bank (EIB) concerning the Investment Facility.  

As in previous years, this document sets out: 

–  implementation of the EDFs (8th to 10th) at 31.12.2009; 

–  financial implementation forecasts for the current year; 

–  expenditure forecasts for 2011. 

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).  Contributions  for  other  instruments,  including  contributions  for  the 
old  instruments  managed  by  the  EIB  (risk  capital  and  interest-rate  subsidies),  go  to  the 
Commission. 

Unless otherwise indicated, all the commitments and payments listed in this communication 
are gross amounts, i.e. no decommitments or recoveries have been deducted. This approach is 
in line with that used for the general budget of the EU.  

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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. 
Council Regulation (EC) No 215/2008 of 18 February 2008 on the Financial Regulation applicable to 
the 10th European Development Fund. 

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INTRODUCTION 

The Commission and the EIB have updated their commitment and payment forecasts 
for  2010  and  2011  for  each  of  the  ACP  countries3  and  the  OCTs4.  The  payment 
forecasts in particular have been compiled with great care with the aim of helping the 
Member States to assess as accurately as possible the amounts they need to earmark in 
their national budgets while ensuring that sufficient financial  resources  are  available 
for the EDF to avoid liquidity problems.  

In  accordance  with  Article  7  of  the  Internal  Agreement  on  the  10th  EDF5  and 
Article 57(5)  of  the  Financial  Regulation6,  estimates  will  be  revised  in  the  October 
2010 communication.  

The  graph  below  shows  the  general  trend  in  commitments  and  payments,  including 
projections  for  2010  (Commission  and  EIB).  It  clearly  shows  the  structural  upward 
trend in payments since 2000. 

EC + EIB: trend 1997-2009 commitments and payments; forecasts 2010 - 2011 

5.000

4.000

3.000

2.000

1.000

 €

m

0

Commitments

Payments

1997

784

1.382

1998

2.606

1.595

1999

2.958

1.352

2000

4.007

1.640

2001

1.927

1.779

2002

2.125

1.922

2003

4.137

2.349

2004

2.972

2.558

2005

4.020

2.704

2006

4.049

3.062

2007

3.922

3.251

2008

5.242

3.483

2009

4.158

3.355

2010

3.734

4.056

2011

4.242

4.352

Commitments
Payments

1. 

IMPLEMENTATION OF THE EUROPEAN DEVELOPMENT FUNDS AT 31 DECEMBER 2009 
(COMMITMENTS, PAYMENTS AND FINANCIAL SITUATION) 

Annex 1 shows actual commitments made in 2009 compared with the forecasts made 
in October 20097.  

Annex 2 shows actual payments  made in 2009  compared  with  the  forecasts  made  in 
October 20098.  

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4 
5 
6 

7 

African, Caribbean and Pacific States. 
Overseas countries and territories. 
OJ L 247, 9.9.2006, p. 32. 
Council Regulation (EC) No 215/2008 of 18 February 2008 on the Financial Regulation applicable to the 
10th European Development Fund 
COM(2009) 616 final of 04.11.2009. 

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Annex 3 shows the financial situation recorded in 2009 and the projections made for 
2010 and 2011. 

2. 

FINANCIAL IMPLEMENTATION FORECASTS FOR 2010 AND 2011 

The new forecasts are set out in Annexes 1 to 3. 

The  new  forecasts  for  the  2010  contributions  confirm  the  Commission's  needs  at 
EUR 3 500 million and the EIB's at EUR 240 million. Note that these amounts are the 
same as those decided by the Council in November 20099.  

Contributions  for  2011  are  forecast  at  EUR 3 690 million  for  the  Commission  and 
EUR 210 million for the EIB10. The ceiling for the amount of contributions for 2011 is 
the result of a compromise proposal between the Member States and the Commission 
and the EIB. 

It  should  be  stressed  that  these  figures  are  just  a  preliminary  forecast  and  must  be 
treated with caution. The Commission and the EIB will make more reliable forecasts 
after the summer. They will be presented in the October communication. 

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COM(2009) 616 final of 04.11.2009. 
Council decision of 06 November 2009 on the financial contributions to be paid by the Member States to 
finance the European Development Fund in 2010, including the first instalment for 2010 –doc 15445/09. 
Council decision of 27 November 2009 on the ceiling for the annual amount of the contributions to be 
paid by the Member States to finance the European Development Fund in 2011 – doc 16421/09. 

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Annex 1 

Commitments made in 2009 and forecast 2010 and 2011 

2009

2010

2011

COM nov 09 Made  COM nov 09 Revision COM nov 09 Revision

m€ 

Regions

East Africa
West Africa

Central Africa

Carribean
Pacific
Southern Africa

Sub-total

890
655

555

115
85
340

950
605

632

291
86
256

518
897

377

319
178
633

317
497

342

461
134
315

2.640

2.820

2.922

2066

Horizontal issues

Infrastructure Fund
Vulnerability FLEX

Water and Energy Facility

Other*
Sub-total

200
230

100
181

711

200
216

0
266

682

0
270

300

212
782

0
270

258

480
1008

Total European Commission

3.351

3.502

3.704

3.074

3.750

3.750

Investment Facility

Interest rate subsidies

Total EIB 

TOTAL

450

35

485

623

33

656

450

50

500

560

100

660

450

50

500

460

32

492

3.836

4.158

4.204

3.734

4.250

4.242

*  Includes  certain  support  expenditures,  e.g.  to  support  joint  institutions  and  the  ACP 
Secretariat. 

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Annex 2 

Payments made in 2009 and forecasts for 2010 and 2011 

2009

2010

COM nov 
2009

Made

COM nov 
2009

Revision

2011

COM nov 
2009

Revision

m€ 

Regions

East Africa

West Africa
Central Africa

Carribean

Pacific

Southern Africa

Sub-total

Horizontal issues
Peace Facility

Infrastructure Fund

Vulnerability FLEX
Water and Energy Facility

Risk capital*

HIPC debt relief

Global Fund Tbc and Malaria

Others
Sub-total

Stabex

490

720
335

261

77

459

418

775
337

281

63

370

649

808
359

360

65

445

642

786
408

307

94

442

2.342

2245

2.686

2679

89

0

200

116
37

100

100

297

939

17

68

0

185

126
0

100

150

225

854

24

80

47

250

98
20

86

50

264

895

20

98

50

270

86
30

0

0

343

877

40

Total European Commission

3.298

3123

3.601

3.596

4.000

3940

Investment Facility

Interest rate subsidies

Total EIB 

TOTAL EC+EIB

295

35

330

199

33

232

360

50

410

360

100

460

380

50

430

380

32

412

3.628

3.355

4.011

4.056

4.430

4352

*Including  interest  rates  subsidies  under  the  previous  EDFs  and  excluding  21m€  payments 
made  by  EIB  at  the  end  of  2009  and  not  yet  registered  in  the  Commission's  accounting 
system (0). 

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Annex 3 : Financial situation end 2009 and forecast for 2010 and 2011 (m€) 

COM nov* 2009

Revision

Balance 31/12/2008 **

Contributions 2009, of which:

1st instalment

2nd instalment

3rd instalment

Contributions 2009 paid in 2008

Contributions 2010 paid in 2009

Contributions 2009 not yet paid

9
0
0
2

Reflows

Commission

186

3300

1750

1100

450

-233

EIB

138

145

55

90

0

100

Recoveries, interest and other

55

TOTAL Commission

324

3445

1805

1190

450

-233

100

55

186

3300

1750

1100

450

-233

232

-4

62

EIB

138

145

55

90

0

64

TOTAL

324

3445

1805

1190

450

-233

232

-4

64

62

Total payments***

-3298

-330

-3628

-3123

-232

-3355

Payments Stabex (already financed)

Balance at 31/12/2009

Contributions 2010, of which

1st instalment

2nd instalment

3rd instalment

17

27

3500

1800

1200

500

Contributions 2010 paid in 2009

Contributions 2009 not yet paid

0
1
0
2

Reflows

Recoveries, interest and other

55

53

240

100

120

20

150

17

80

3740

1900

1320

520

150

55

24

444

3500

1800

1200

500

-232

4

55

115

240

100

120

20

145

24

559

3740

1900

1320

520

-232

4

145

55

Total payments

-3601

-410

-4011

-3596

-460

-4056

Payments Stabex (already financed)

Solde au 31/12/2010

Contributions 2011

Reflows

20

1

3950

Recoveries, interest and other

55

33

220

190

20

34

4170

190

55

40

215

3690

55

40

210

126

40

255

3900

126

55

Total payments

-4000

-430

-4430

-3940

-412

-4362

Payments Stabex (already financed)

Solde au 31/12/2011

20

26

20

39

13

20

40

20

4

-36

1
1
0
2

* COM(2009) 616 final dated 04.11.2009  

** Funds available for operations. 

***Including interest rates subsidies under the previous EDFs and excluding 21m€ payments made by EIB 
at the end of 2009 and not yet registered in the Commission's accounting system (0).

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Annex 4 

Contributions to the EDF for 2010 by Member State 

Member State

Scale

1st instalment

2nd instalment

3rd instalment

Total EIB

Total Comm

TOTAL

in € 

GERMANY

BELGIUM

DENMARK

SPAIN

FRANCE

GREECE

IRELAND

ITALY

LUXEMBOURG

NETHERLANDS

PORTUGAL

0,29

5,22

0,97

paid to

paid to 

payable to

payable to

payable to

payable to

payable to

payable to

instalments

%

EIB

23,36

23.360.000

Commission
420.480.000 28.032.000

EIB

Commission

EIB

Commission

EIB

Commission EIB/Commission

280.320.000 4.672.000 116.800.000 56.064.000

817.600.000

873.664.000

3,92

2,14

5,84

3.920.000

70.560.000

4.704.000

47.040.000

784.000

19.600.000

9.408.000

137.200.000

146.608.000

2.140.000

38.520.000

2.568.000

25.680.000

428.000

10.700.000

5.136.000

74.900.000

80.036.000

5.840.000

105.120.000

7.008.000

70.080.000 1.168.000

29.200.000 14.016.000

204.400.000

218.416.000

24,30

24.300.000

437.400.000 29.160.000

291.600.000 4.860.000 121.500.000 58.320.000

850.500.000

908.820.000

1,25

0,62

1.250.000

22.500.000

1.500.000

15.000.000

250.000

6.250.000

3.000.000

43.750.000

620.000

11.160.000

744.000

7.440.000

124.000

3.100.000

1.488.000

21.700.000

46.750.000

23.188.000

12,54

12.540.000

290.000

225.720.000 15.048.000
348.000

5.220.000

150.480.000 2.508.000

62.700.000 30.096.000

438.900.000

468.996.000

3.480.000

58.000

1.450.000

696.000

10.150.000

10.846.000

5.220.000

93.960.000

6.264.000

62.640.000 1.044.000

26.100.000 12.528.000

182.700.000

195.228.000

970.000

17.460.000

1.164.000

11.640.000

194.000

4.850.000

2.328.000

33.950.000

36.278.000

UNITED KINGDOM 12,69

12.690.000

228.420.000 15.228.000

152.280.000 2.538.000

63.450.000 30.456.000

444.150.000

474.606.000

AUSTRIA

FINLAND

SWEDEN

TOTAL

2,65

1,48

2,73

2.650.000

47.700.000

3.180.000

31.800.000

530.000

13.250.000

6.360.000

92.750.000

1.480.000

26.640.000

1.776.000

17.760.000

296.000

7.400.000

3.552.000

51.800.000

99.110.000

55.352.000

2.730.000

49.140.000

3.276.000

32.760.000

546.000

13.650.000

6.552.000

95.550.000

102.102.000

100,00 100.000.000 1.800.000.000 120.000.000 1.200.000.000 20.000.000 500.000.000 240.000.000 3.500.000.000

3.740.000.000

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