COMMUNICATION FROM THE COMMISSION EUROPEAN DEVELOPMENT FUND (EDF)  Estimate of commitments and payments and of contributions to be paid by the Member States for 2010 to 2015
Date: 2010-10-11
Institutions: European Commission
Subjects: European Development Fund, Member States' contribution, budget estimate, financial year, inclusion in the budget

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EUROPEAN COMMISSION 

Brussels, 11.10.2010 
COM(2010) 557 final 

COMMUNICATION FROM THE COMMISSION 

EUROPEAN DEVELOPMENT FUND (EDF) 

Estimate of commitments and payments and of contributions to be paid by the Member 
States for 2010 to 2015 

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INTRODUCTION 

In accordance with Article 7(1) and (5) of the Internal Agreement,1 the Commission 
presents in this document estimates of commitments, payments and contributions for 
the  period  2010  to  2015,  taking  into  account  the  forecasts  of  the  European 
Investment Bank (EIB) concerning the Investment Facility.  

Since the entry into force of the 9th European Development Fund (EDF) in 2003, the 
Member  States  have  made  direct  contributions  to  the  EIB  for  the  instruments  it 
manages  (the  Investment  Facility  and  interest-rate  subsidies).  This  communication 
therefore draws a clear distinction between funds managed by the EIB under the 9th 
and 10th EDFs and those managed by the Commission. 

As in previous years, this document consists mainly of tables accompanied by a few 
explanations to help interpretation. 

The  graph  below  gives  an  overview  of  the  trend  in  commitments  and  payments 
(Commission2  and  EIB).  It  clearly  shows  the  structural  upward  trend  of  payments 
since 2000. 

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

3 800

3 975

2011

4 370

4 339

Commitments
Payments

1 

2 

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). 
The commitments and payments for the Commission are “gross” figures, i.e. without the deduction of 
decommitments and recoveries. 

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1. 

FINANCIAL IMPLEMENTATION FORECASTS FOR 2010 AND 2011 

The Commission and the EIB have updated their commitment and payment forecasts 
for 2010 and 2011 for each of the ACP3 countries and the OCTs4. The result and the 
amount of contributions necessary to finance the EDF are set out in Annexes 1 to 3 
where they are compared with the figures given in the June 2010 communication5.  

The EIB notes that the estimated 2010 year-end balance is mainly based on a forecast 
of the capital and interest repayments, a large part of which is due in mid-December. 
These repayments are unpredictable and may be early or late. 

In  accordance  with  Article  57(4)  of  the  Financial  Regulation  applicable  to  the 
10th EDF6, the forecasts will be revised in the June 2011 communication.  

The contributions 2010 and 2011 by instalment are presented in the Annex 4.  

2. 

Financial years 2010 to 2015 

It should be remembered that the margin of error in medium-term estimates is high.  

Following  the  entry  into  force  of  the  10th  EDF,  the  Commission  is  obliged  to 
propose a ceiling on the annual amount of the contributions for year n+2, i.e. 20127. 
A figure of EUR 350 million is proposed for the EIB and EUR 4.000 million for the 
Commission. 

The table below sets out the result of the forecasts for 2010-2015.The relatively high 
gap  between  payments  and  contributions  for  the  EIB  is  due  to  the  fact  that,  since 
2007, some of the payments have been financed by loan repayments.  

Commission  will  start  to  call  10th  EDF  contributions  from  2011,  while  the  EIB  is 
from  2013  onwards.
likely 

the  10th  EDF 

start  drawing 

from 

to 

3 
4 
5 

6 
7 

African, Caribbean and Pacific States. 
Overseas Countries and Territories. 
COM(2010) 319 final of 15.06.2010. The figures for the Investment Facility are as given by the EIB 
and are contained in the same Communication. 
OJ L 78, 19.3.2008, p. 1. 
Article 7 of the Internal Agreement (see paragraphs 1-4). 

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Forecast of commitments, payments and contributions 2010-2015 (EUR million) 

Commitments

Commission*
EIB**

Payments

Commission*
EIB**

Contributions

Commission*
EIB**

2010

2011

2012

2013

2014

2015

3150
650

3565
410

3500
240

3750
620

3919
420

3690
210

3750
525

4100
425

4000
350

3200
450

4200
370

4100
280

(pm)
450

3900
370

3850
280

(pm)
450

3500
340

3450
180  

* For Commission, as the financial framework for the period after 2013 has not been agreed, this document does 
not include any amounts for commitments for the years 2014 and 2015. This also affects the amounts presented 
as payments and contributions, and explains the fall in amounts starting from 2014. 

** as from 2013, EIB figures exclude subsidy/TA envelope which might be emptied in 2012.

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ANNEX 1 – Forecast commitments for 2010, 2011and 2012 (EUR million) 

2010

2011

June 10 
Comm

Revised 
Oct 10

June 10 
Comm

Revised 
Oct 10

2012

Oct 10 
Comm

Regions

East Africa

West Africa

Central Africa

Caribbean

Pacific

Southern Africa

Sub-total

Other

317

497

342

461

134

315

317

589

470

362

75

296

2066

2109

Vulnerability FLEX
Water and Energy Facility

Other*

270
258

480

270
252

519

432

802

640

493

102

403

2873

0
250

627

Total European Commission

3 074

3 150

3 750

3 750

3 750

Investment facility

Interest rate subsidies

Total EIB

TOTAL EC+EIB

560

100

660

3734

550

100

650

460

32

492

550

70

620

455

70

525

3800

4242

4370

4275

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

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ANNEX 2 – Forecast payments for 2010, 2011 and 2012 (EUR million) 

2010

2011

June 10 
Comm

Revised 
Oct 10

June 10 
Comm

Revised 
Oct 10

2012

Oct 10

Regions

East Africa

West Africa

Central Africa

Caribbean

Pacific

Southern Africa

Sub-total

Other 

Peace Facility

Infrastructure Trust Fund

Vulnerability Flex  

Water and Energy Facility

Risk capital (*) 
Other 

Sub-total

Stabex

Total European Commission

Investment facility

Interest rate subsidies

Total  EIB

TOTAL EC+EIB

642

786

408

307

94

442

570

804

449

365

84

499

2 679

2 771

98

50

270

86

30
343

3 556

40

3 596

360

100

460

95

30

200

85

30
329

3 540

25

3 565

310

100

410

3 940

380

32

412

634

895

500

406

93

555

3 084

100

90

115

150

15
345

3 899

20

3 919

350

70

420

4 056

3 975

4 352

4 339

Gross payments, i.e. without recoveries being deducted.

* Including interest rate subsidies under previous EDFs

4 100

355

70

425

4 525

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ANNEX 3 - Financial situation estimated for 2010, 2011 and 2012 (EURmillion) 

Balance 31/12/2009 **

Contributions 2010, of which:

1st instalment

2nd instalment

3rd instalment

Contributions 2010 paid in 2009

Contributions 2009 paid in 2010

Reflows

0
1
0
2

Recoveries, interest and other

June 2010 Communication*

October 2010 Revision

Commission

444

3500

1800

1200

500

-232

4

55

EIB

115

240

100

120

20

145

TOTAL

Commission

559

3740

1900

1320

520

-232

4

145

55

444

3500

1800

1200

500

-232

4

55

EIB

115

240

100

120

20

95

TOTAL

559

3740

1900

1320

520

-232

4

95

55

Total payments***

-3596

-460

-4056

-3565

-410

-3975

Payments Stabex (already financed)

Balance at 31/12/2010

Contributions 2011 of which:

40

215

3690

40

255

3900

40

210

1st instalment

2nd instalment

3rd instalment

1
1
0
2

Reflows

Recoveries, interest and other

55

126

126

55

25

231

3690

1910

1250

530

55

40

210

100

100

10

115

25

271

3900

2010

1350

540

115

55

Total payments

-3940

-412

-4352

-3919

-420

-4339

20

40

20

4

-36

Payments Stabex (already financed)

Balance at 31/12/2011

Contributions 2012, of which:

Reflows

2
1
0
2

Recoveries, interest and other

Total payments

Payments Stabex (already financed)

Balance at 31/12/2012

40

-36

4

* COM(2010) 319 final dated 15.06.2010 

** Funds available for operations. 

*** Including interest rates subsidies under the previous EDFs

20

77

4000

55

-55

350

130

20

22

4350

130

55

-4100

-425

-4525

20

52

20

52

0

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ANNEX 4 - 2010 and 2011 EDF Contributions by instalment (EUR) 

Year

2010

2011

1st instalment

2nd instalment

3rd instalment

Total EIB

Total Comm

TOTAL

paid to

paid to 

payable to

payable to

payable to

payable to

payable to

payable to

instalments

EIB

Commission

EIB

Commission

EIB

Commission

EIB

Commission EIB/Commission

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

100 000 000 1 910 000 000 100 000 000 1 250 000 000 10 000 000 530 000 000 210 000 000 3 690 000 000

3 900 000 000

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