COMMUNICATION FROM THE COMMISSION TO THE COUNCIL Financial information on the European Development Funds
Date: 2011-06-09
Institutions: European Commission
Subjects: European Development Fund, administrative structures, financial management, financial year

EUROPEAN COMMISSION 

Brussels, 9.6.2011 
COM(2011) 334 final 

COMMUNICATION FROM THE COMMISSION TO THE COUNCIL 

Financial information on the European Development Funds 

 
 
 
 
  
 
COMMUNICATION FROM THE COMMISSION TO THE COUNCIL 

Financial information on the European Development Funds 

FOREWORD 

In accordance with Article 7(3) of the Internal Agreement1 and Articles 57(3) and (4) of the 
10th  EDF  Financial  Regulation2,  the  Commission  presents  in  this  document  estimates  of 
commitments,  payments  and  contributions  for  the  period  2011  to  2012,  taking  into  account 
the forecasts of the European Investment Bank (EIB) concerning the Investment Facility.  

This document sets out the financial implementation of the EDFs (8th to 10th) for 2010 and 
the forecasts of implementation for 2011 to 2013. 

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. 

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. 
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  2011  and  2012  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 
2011 communication.  

The graph below shows the general trend in commitments and payments, including 
projections  for  2011  -  2013  (Commission  and  EIB).  It  clearly  shows  the  structural 
upward trend in commitments and disbursements since 1997, due to a speed up in the 
implementation of aid. As anticipated since 2008, the gap between the commitments 
and  the  payments  has  reduced  in  2009  and  2010,  thus  reflecting  a  trend  where  the 
payment levels get closer to commitment levels.  

EC + EIB gross commitments and payments: trend 1997-20137 

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

5 241

3 483

2009

4 158

3 359

2010

3 113

3 660

2011

3 770

3 850

2012

4 270

4 170

2013

4 420

4 270

Commitments
Payments

3 
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 
For 2011-2013, forecasted amounts 

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1. 

IMPLEMENTATION OF THE EUROPEAN DEVELOPMENT FUNDS AT 31 DECEMBER 2010 
(COMMITMENTS, PAYMENTS AND FINANCIAL SITUATION) 

The  annexes 1,  2  and  3  show  respectively  the  actual  commitments,  payments  and 
financial  situation  recorded  in  2010  compared  with  the  forecasts  made  in  October 
20108, and the projections made for 2011 and 2012.  

At  year  end  2010,  50%  of  the  10th  EDF  had  been  committed,  on  track  to  meet  our 
target to commit the 10th EDF by end 2013.  

The payments for 2010 represent the highest levels so far for the EDF and confirm a 
general positive trend for payments. 

2. 

FINANCIAL FORECASTS FOR 2011 – 20139 

The following table provides an update based on our latest forecasts. 

Commitments*

Commission
EIB
Payments*

Commission
EIB

Contributions

Commission
EIB

2011

3 250
520

3 500
350

3 100
210

2012

3 750
520

3 800
370

3 800
280

2013

3 900
520

3 900
370

3 800
300

*gross amounts, i.e. no decommitments or recoveries/reflows have been deducted. This 
approach is in line with that used for the general budget of the EU.

3. 

FINANCIAL IMPLEMENTATION FORECASTS FOR 2011 AND 2012 

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

The Member States contributions to the EDF for 2011 were decided by the Council in 
October 201010, at EUR 3 690 million for the Commission and EUR 210 million for 
the  EIB.  The  new  2011  forecasts  still  confirm  the  EIB's  treasury  needs  of 
EUR 210 million but indicate that Commission's cash needs are lower than estimated 
in October 2010, amounting to EUR 3 100 million.  

8 
9 

10 

COM(2010) 512 final of 11.10.2010. 
Both for the Commission and the EIB, as the financial framework for the period after 2013 has not been 
agreed and is expected to have a material impact on the implementation figures, we prefer not to present 
any forecasts for commitments, payments and contributions for the years 2014 and 2015. 
Council Decision of 05 November 2010, document 15831/10 

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The ceiling for the Member States contributions in 2012 is set at EUR 3 800 million 
for the Commission and EUR 280 million for the EIB11. 

It should be stressed that these figures are 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. 

Annex 1: Gross commitments made in 2010 and forecast 2011 and 2012 (EUR million)

2010

2011

2012

COM Oct 10

Made

COM Oct 10 Revised  COM Oct 10 

Revised

Regions

East Africa

West Africa

Central Africa

Caribbean

Pacific

Southern Africa

Sub-total

Other

317

589

470

362

75

296

193

469

285

222

133

417

432

802

640

493

102

403

274

726

529

395

103

206

2109

1719

2873

2232

Vulnerability FLEX
Water and Energy Facility

Other*

270
252

519

240
191

513

0
250

627

0
220
797

Total European Commission

3 150

2 662

3 750

3 250

3 750

3 750

Investment facility

Interest rate subsidies

Total EIB

TOTAL EC+EIB

550

100

650

3800

369

82

451

550

70

620

450

70

520

3113

4370

3770

450

70

520

4270

450

70

520

4270

Gross commitments, i.e. without decommitments being deducted.

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

11 

Council Decision of 29 November 2010 on the ceiling for the annual amount of the contributions to be paid by the 
Member States to finance the European Development Fund in 2012 – Council document 16971/10. 

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Annex 2: Gross payments made in 2010 and forecasts 2011 and 2012 (EUR million)

2010

2011

2012

COM Oct 10

Made

COM Oct 
10

Revised COM Oct 10 Revised

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

570

804

449

365

84

499

464

696

389

269

74

410

634

895

500

406

93

555

613

804

423

234

94

452

2 771

2 302

3 084

2 619

95

30

200

85

30
329

3 540

25

3 565

310

100

410

85

100

249

101

0
435

3 272

49

3 321

257

82

339

100

90

115

150

15
345

3 899

20

3 919

350

70

420

137

80

65

109

25
448

3 483

17

3 500

280

70

350

4 100

3 800

355

70

425

300

70

370

3 975

3 660

4 339

3 850

4 525

4 170

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

* Including interest rate subsidies under previous EDFs

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Annex 3: Financial situation end 2010 and forecast 2011 and 2012 (EUR million)

COM October 2010 1

Revision

Commiss
ion
444
3500
1800
1200
500
-232
4

55

-3565
25
231
3690
1910
1250
530

55
-3919
20
77
4000

55
-4100
20
52

EIB

115
240
100
120
20

95

-410

40
210
100
100
10

115

-420

-55
350
130

-425

0

TOTAL

559
3740
1900
1320
520
-232
4

95
55

-3975
25
271
3900
2010
1350
540

115
55
-4339
20
22
4350
130
55
-4525
20
52

Commiss
ion
444
3500
1800
1200
500
-232
4
272
-124

91

32

-3321
49
715
3100
1910
1000
190
-272
124

90
-3500
17
304
3800

65
-3800
0
369

EIB

115
240
100
120
20

113

-339

129
210
100
100
10

80

-350

69
280
85

-370

64

TOTAL

559
3740
1900
1320
520
-232
4
272
-124
113
91

32

-3660
49
844
3310
2010
1100
200
-272
124
80
90
-3850
17
263
4080
85
65
-4170
0
433

Balance 31/12/2009 2
Contributions 2010, of which:

1st instalment
2nd instalment
3rd instalment

Contributions 2010 paid in 2009
Contributions 2009 paid in 2010
Contributions 2011 paid in 2010
Contributions 2010 paid in 2011
Reflows 3
Recoveries, interest and other
Stabex recoveries (transferable to 10th EDF 
NIP)
Total payments 4
Payments Stabex (already financed)
Balance at 31/12/2010 5
Contributions 2011 of which:

1st instalment
2nd instalment
3rd instalment

Contributions 2011 paid in 2010
Contributions 2010 paid in 2011
Reflows 3
Recoveries, interest and other
Total payments 4
Payments Stabex (already financed)
Balance at 31/12/2011
Contributions 2012, of which:
Reflows 3
Recoveries, interest and other
Total payments 4
Payments Stabex (already financed)
Balance at 31/12/2012

COM(2010) 557 final dated 04.10.2010 

Funds available for operations

 Net of EIB management fees

 Including interest rates subsidies under the previous EDFs

 This balance does not include cofinancings received from Member States, their balance amounting to EUR 66 million at 31.12.2010.

0
1
0
2

1
1
0
2

2
1
0
2

1

2

3

4

5

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Annex 4. Contributions to the EDF for 2011 by Member State (EUR) 

MEMBER STATES

Key 9th 
EDF

Key 10th 
EDF

%

%

1st instalment

2nd instalment

 3rd instalment

paid to
EIB
9th EDF

3 920 000
2 140 000
23 360 000
1 250 000
5 840 000
24 300 000
620 000
12 540 000
290 000
5 220 000
2 650 000
970 000
1 480 000
2 730 000

paid to 
Commission
10th EDF

44 119 705
24 997 000
256 219 250
18 372 795
98 113 225
244 345 675
11 373 635
160 730 710
3 374 595
60 617 725
30 121 385
14 373 275
18 372 795
34 245 890

9th EDF
25 877 880
14 127 210
154 211 040
8 251 875
38 552 760
160 416 450
4 092 930
82 782 810
1 914 435
34 459 830
17 493 975
6 403 455
9 770 220
18 022 095

total

69 997 585
39 124 210
410 430 290
26 624 670
136 665 985
404 762 125
15 466 565
243 513 520
5 289 030
95 077 555
47 615 360
20 776 730
28 143 015
52 267 985

paid to
EIB
9th EDF

paid to
Commission
10th EDF

paid to
EIB
9th EDF

paid to
Commission
10th EDF

Total EIB

Total 
Commission

Total 2011 

3 920 000
2 140 000
23 360 000
1 250 000
5 840 000
24 300 000
620 000
12 540 000
290 000
5 220 000
2 650 000
970 000
1 480 000
2 730 000

35 300 000
20 000 000
205 000 000
14 700 000
78 500 000
195 500 000
9 100 000
128 600 000
2 700 000
48 500 000
24 100 000
11 500 000
14 700 000
27 400 000

392 000
214 000
2 336 000
125 000
584 000
2 430 000
62 000
1 254 000
29 000
522 000
265 000
97 000
148 000
273 000

1 269 000

6 707 000
3 800 000
38 950 000
2 793 000
14 915 000
37 145 000
1 729 000
24 434 000
513 000
9 215 000
4 579 000
2 185 000
2 793 000
5 206 000

8 232 000
4 494 000
49 056 000
2 625 000
12 264 000
51 030 000
1 302 000
26 334 000
609 000
10 962 000
5 565 000
2 037 000
3 108 000
5 733 000

112 004 585
62 924 210
654 380 290
44 117 670
230 080 985
637 407 125
26 295 565
396 547 520
8 502 030
152 792 555
76 294 360
34 461 730
45 636 015
84 873 985

120 236 585
67 418 210
703 436 290
46 742 670
242 344 985
688 437 125
27 597 565
422 881 520
9 111 030
163 754 555
81 859 360
36 498 730
48 744 015
90 606 985

28 158 000

26 649 000

445 358 805

472 007 805

12 690 000

83 773 035

185 227 770

269 000 805

12 690 000

148 200 000

3.92
2.14
23.36
1.25
5.84
24.30
0.62
12.54
0.29
5.22
2.65
0.97
1.48
2.73

12.69

3.53
2.00
20.50
1.47
7.85
19.55
0.91
12.86
0.27
4.85
2.41
1.15
1.47
2.74

14.82

100.00

96.38

100 000 000

660 150 000 1 204 605 430 1 864 755 430

100 000 000

963 800 000

10 000 000

183 122 000

210 000 000 3 011 677 430

3 221 677 430

0.14
0.51
0.05
0.09
0.07
0.12
0.55
0.03
1.30
0.37
0.18
0.21

3.62

1 749 790
6 374 235
624 925
1 124 865
874 895
1 499 820
6 874 175
374 955
16 248 050
4 624 445
2 249 730
2 624 685

1 749 790
6 374 235
624 925
1 124 865
874 895
1 499 820
6 874 175
374 955
16 248 050
4 624 445
2 249 730
2 624 685

45 244 570

45 244 570

1 400 000
5 100 000
500 000
900 000
700 000
1 200 000
5 500 000
300 000
13 000 000
3 700 000
1 800 000
2 100 000

36 200 000

266 000
969 000
95 000
171 000
133 000
228 000
1 045 000
57 000
2 470 000
703 000
342 000
399 000

6 878 000

0
0
0
0
0
0
0
0
0
0
0
0

0

3 415 790
12 443 235
1 219 925
2 195 865
1 707 895
2 927 820
13 419 175
731 955
31 718 050
9 027 445
4 391 730
5 123 685

3 415 790
12 443 235
1 219 925
2 195 865
1 707 895
2 927 820
13 419 175
731 955
31 718 050
9 027 445
4 391 730
5 123 685

88 322 570

88 322 570

100.00

100.00

100 000 000

660 150 000 1 249 850 000 1 910 000 000

100 000 000 1 000 000 000

10 000 000

190 000 000

210 000 000 3 100 000 000

3 310 000 000

BELGIUM
DENMARK
GERMANY
GREECE
SPAIN
FRANCE
IRELAND
ITALY
LUXEMBOURG
NETHERLANDS
AUSTRIA
PORTUGAL
FINLAND
SWEDEN

UNITED KINGDOM

Sub-total EUR-15
BULGARIA
CZECH REPUBLIC
ESTONIA
CYPRUS
LATVIA
LITHUANIA
HUNGARY
MALTA
POLAND
ROMANIA
SLOVENIA
SLOVAKIA

Sub-total EUR-12

TOTAL EUR-27

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