COMMUNICATION FROM THE COMMISSION TO THE COUNCIL Estimate of European Development Fund commitments and payments and of the contributions to be paid by the Member States for 2011 to 2013
Date: 2011-10-26
Institutions: European Commission
Subjects: European Development Fund, European Investment Bank, Member States' contribution, development aid

EUROPEAN COMMISSION 

Brussels, 26.10.2011 
COM(2011) 692 final 

COMMUNICATION FROM THE COMMISSION TO THE COUNCIL 

Estimate of European Development Fund commitments and payments and of the 
contributions to be paid by the Member States for 2011 to 2013 

 
 
 
 
  
 
1. 

INTRODUCTION 

In accordance with Article 7(1) and (5) of the Internal Agreement1, the Commission 
presents in this document estimates of commitments, payments and contributions for 
the  period  2011  to  20132,  taking  into  account  the  forecasts  of  the  European 
Investment  Bank  (EIB).  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).  Therefore  this 
communication draws a clear distinction between funds managed by the EIB under 
the 9th and 10th EDFs and those managed by the Commission. 

The  graph  below  shows  the  general  trend  in  gross  commitments  and  payments, 
including  projections  for  2011-2013  (Commission  and  EIB  cumulated).  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  decreased  in  2009  and  2010,  thus 
reflecting  a  trend  where  the  payment  levels  get  closer  to  commitment  levels.  The 
level of 2010 payments was the highest in the EDF history and the commitment level 
at end 2010 reached 50% of the 10th EDF. 

EC + EIB gross commitments and payments: trend 1997-2013 

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

3.829

3.885

2012

4.290

4.040

2013

4.490

4.290

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). 
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 - 2016 (Commission and EIB). 

EN 

1 

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2. 

FINANCIAL FORECASTS FOR 2011 – 20133 

The following table provides an update of the commitments, the payments and of the 
contributions, based on our latest forecasts. 

Commitments4 

Payments 

Contributions 

Commission 
EIB 

Commission 
EIB 

Commission 
EIB 

2011 

2012 

2013 

3 250
579

3 500
385

3 100
200

3 750 
540 

3 650 
390 

3 600 
280 

3 900
590

3 900
390

3 800
250

3. 

FINANCIAL IMPLEMENTATION FORECASTS FOR 2011 - 2013 

The Commission and the EIB have updated their commitment and payment forecasts 
for 2011 and 2012 for each of the ACP5 countries and the OCTs6. The result and the 
amount of contributions necessary to finance the EDF for 2011 to 2013 are set out in 
Annexes  1  to  3  where  they  are  compared  with  the  figures  given  in  the  June  2011 
communication7.  

The EIB notes that the estimated 2011 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. 

The contributions 2011 and 2012 by instalment and by Member State are presented 
in the Annexes 4 and 5. 

3 
4 

5 
6 
7 

The figures 2014-2016 will be updated after the adoption of the financial framework 2014 - 2020. 
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. 
African, Caribbean and Pacific States 
Overseas Countries and Territories 
COM(2011)334 final of 09.06.2011  

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2 

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Annex 1 – Forecasts of gross commitments8 for 2011-2013 (EUR million) 

ANNEXES 

2011

2012

2013

COM June 
11

revised Oct 11

COM June 
11

revised Oct 11

Oct 11

Regions

East Africa

West Africa

Central Africa

Caribbean

Pacific

Southern Africa

Sub-total

Other

Vulnerability FLEX

Water and Energy Facility

Other*

274

726

529

395

103

206

2232

0

220

797

388

841

440

395

41

199

2304

0

127
819

703
1168

192

60

167

540

2830

0

93
827

Total European Commission

3.250

3.250

3.750

3.750

Investment facility

Interest rate subsidies

Total EIB

450

70

520

504

75

579

450

70

520

450

90

540

TOTAL EC+EIB

3.770

3.829

4.270

4.290

3.900

500

90

590

4490

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

8 

Gross commitments, i.e. without decommitments being deduced 

EN 

3 

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Annex 2 – Forecasts of gross payments9 for 2011-2013 (EUR million) 

2011

2012

2013

COM June 11  Revised Oct 11

COM June 
11

Revised Oct 
11

COM Oct 
11

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

613

804

423

234

94

452

477

738

441

234

90

340

2 619

2 320

137

80

65

109

25
448

3 483

17

3 500

280

70

350

3 850

116

50

66

158

25
748

3 483

17

3 500

310

75

385

521

850

546

297

99

485

2 798

150

54

0

87

20
541

3 650

0

3 800

3 650

3 900

355

70

425

300

90

390

300

90

390

3 885

4 225

4 040

4 290

* Including interest rate subsidies under previous EDFs

9 

Gross payments, i.e. without recoveries being deduced 

EN 

4 

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Annex 3. Financial situation estimated for 2011, 2012 and 2013 

Balance at 31/12/2010 2
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
Stabex recoveries (transferable to 10th EDF NIP)
Total payments 4
Payments Stabex (already financed)
Balance at 31/12/2011

Contributions 2012 of which:
1st instalment
2nd instalment
3rd instalment
Reflows 
Recoveries, interest and other
Total payments 
Payments Stabex (already financed)
Balance at 31/12/2012

Contributions 2013, of which:
Reflows 
Recoveries, interest and other
Total payments 
Payments Stabex (already financed)
Balance at 31/12/2013

COM(2011) 334 of 09/06/2011

June 2011 Communication 1

Revision October 2011

Commiss
ion
715
3.100
1.910
1.000
190
-272
125

90

-3.500
17
275
3.800

65
-3.800
0
340

EIB

129
210
100
100
10

80

-350

69
280

85

-370

64

TOTAL

844
3.310
2.010
1.100
200
-272
125
80
90
0
-3.850
17
344
4.080

85
65
-4.170
0
404

Commiss
ion
715
3.100
1.910
1.000
190
-272
124

90
10
-3.500
17
284
3.600
1.950
1.200
450

65
-3.650
0
299
3.800

EIB

129
200
100
100
0

140

-385

84
280
100
100
80
110

-390

84
250
110

-3.900

-390

340

64

404

199

54

TOTAL

844
3.300
2.010
1.100
190
-272
124
140
90
10
-3.885
17
368
3.880
2.050
1.300
530
110
65
-4.040
0
383
4.050
110
0
-4.290
0
253

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

 Net of EIB management fees

 Including interest rates subsidies under the previous EDFs

1
1
0
2

2
1
0
2

3
1
0
2

1

2

3

4

EN 

5 

   EN 

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

1st instalment

2nd instalment

 3rd instalment

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 

MEMBER STATES

Key 9th 
EDF

Key 10th 
EDF

%

%

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

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

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

12.690.000

83.773.035

185.227.770

269.000.805

12.690.000

148.200.000

100,00

96,38

100.000.000

660.150.000 1.204.605.430 1.864.755.430

100.000.000

963.800.000

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

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

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

0

0

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

7.840.000
4.280.000
46.720.000
2.500.000
11.680.000
48.600.000
1.240.000
25.080.000
580.000
10.440.000
5.300.000
1.940.000
2.960.000
5.460.000

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

119.844.585
67.204.210
701.100.290
46.617.670
241.760.985
686.007.125
27.535.565
421.627.520
9.082.030
163.232.555
81.594.360
36.401.730
48.596.015
90.333.985

28.158.000

25.380.000

445.358.805

470.738.805

183.122.000

200.000.000 3.011.677.430

3.211.677.430

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

TOTAL EUR-27

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

190.000.000

200.000.000 3.100.000.000

3.300.000.000

EN 

6 

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Annex 5 (1st part). Contributions to the EDF for 2012 by Member State (EUR) 

MEMBER STATES

Key 9th 
EDF

Key 10th 
EDF

1st instalment

2nd instalment

 3rd instalment

%

%

paid to

EIB

paid to

Commission

paid to

EIB

paid to

Commission

paid to

EIB

paid to

Commission

9th EDF

10th EDF

9th EDF

10th EDF

9th EDF

10th EDF

Total EIB

Total 
Commis-
sion

Total 2012

BELGIUM

DENMARK

GERMANY

GREECE

SPAIN

FRANCE

IRELAND

ITALY
LUXEMBOURG

NETHERLANDS

AUSTRIA

PORTUGAL
FINLAND

SWEDEN

3,92

2,14

3,53

2,00

3.920.000

68.835.000

3.920. 000

42.360. 000

2.140.000

39.000.000

2.140. 000

24.000. 000

3.136. 000

1.712. 000

15.885. 000

10.976.000

127.080.000

138.056.000

9.000.000

5.992.000

72.000.000

77.992.000

23,36

20, 50

23.360.000

399.750.000

23.360. 000

246.000. 000

18.688. 000

92.250. 000

65.408.000

738.000.000

803.408.000

1,25

5,84

1,47

7,85

1.250.000

28.665.000

1.250. 000

17.640. 000

5.840.000

153.075.000

5.840. 000

94.200. 000

1.000. 000

4.672. 000

6.615.000

3.500.000

52.920.000

56.420.000

35.325. 000

16.352.000

282.600.000

298.952.000

24,30

19, 55

24.300.000

381.225.000

24.300. 000

234.600. 000

19.440. 000

87.975. 000

68.040.000

703.800.000

771.840.000

0,62

0,91

620.000

17.745.000

620. 000

10.920. 000

496. 000

4.095.000

1.736.000

32.760.000

34.496.000

12,54

12, 86

12.540.000

250.770.000

12.540. 000

154.320. 000

10.032. 000

57.870. 000

35.112.000

462.960.000

498.072.000

0,29

5,22

2,65

0,97

1,48

2,73

0,27

4,85

2,41

1,15

1,47

2,74

290.000

5.265.000

290. 000

3.240.000

232. 000

1.215.000

812.000

9.720.000

10.532.000

5.220.000

94.575.000

5.220. 000

58.200. 000

2.650.000

46.995.000

2.650. 000

28.920. 000

970.000

22.425.000

970. 000

13.800. 000

1.480.000

28.665.000

1.480. 000

17.640. 000

2.730.000

53.430.000

2.730. 000

32.880. 000

4.176. 000

2.120. 000

776. 000

1.184. 000

2.184. 000

21.825. 000

14.616.000

174.600.000

189.216.000

10.845. 000

5.175.000

6.615.000

12.330. 000

7.420.000

2.716.000

4.144.000

7.644.000

86.760.000

94.180.000

41.400.000

44.116.000

52.920.000

57.064.000

98.640.000

106.284.000

UNITED KINGDOM

12,69

14, 82

12.690.000

288.990.000

12.690. 000

177.840. 000

10.152. 000

66.690. 000

35.532.000

533.520.000

569.052.000

Sub-total EUR-15

100

96,38

100.000.000

1.879.410.000

100.000. 000

1.156.560. 000

80.000. 000

433.710. 000

280.000.000

3.469.680.000

3.749.680.000

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Annex 5 (2nd part). Contributions to the EDF for 2012 by Member State (EUR) 

MEMBER STATES

Key 9th 
EDF

Key 10th 
EDF

1st instalment

2nd instalment

 3rd instalment

%

%

paid to

EIB

paid to

Commission

paid to

EIB

paid to

Commission

paid to

EIB

paid to

Commission

9th EDF

10th EDF

9th EDF

10th EDF

9th EDF

10th EDF

Total EIB

Total 
Commis-
sion

Total 2012

BULGARIA

CZECH REPUBLIC
ESTONIA

CYPRUS

LATVIA

LITHUANIA

HUNGARY

MALTA
POLAND

ROMANIA

SLOVENIA
SLOVAKIA

Sub-total EUR-12

TOTAL EUR-27

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

2.730.000

9.945.000

975.000

1.755.000

1.365.000

2.340.000

10.725.000

585.000

25.350.000

7.215.000

3.510.000

4.095.000

70.590.000

1.680.000

6.120.000

600. 000

1.080.000

840. 000

1.440.000

6.600.000

360. 000

15.600. 000

4.440.000

2.160.000

2.520.000

43.440. 000

630.000

2.295.000

225.000

405.000

315.000

540.000

2.475.000

135.000

5.850.000

1.665.000

810.000

945.000

16.290. 000

5.040.000

5.040.000

18.360.000

18.360.000

1.800.000

3.240.000

2.520.000

4.320.000

1.800.000

3.240.000

2.520.000

4.320.000

19.800.000

19.800.000

1.080.000

1.080.000

46.800.000

46.800.000

13.320.000

13.320.000

6.480.000

7.560.000

6.480.000

7.560.000

130.320.000

130.320.000

100

100

100.000.000

1.950.000.000

100.000. 000

1.200.000. 000

80.000. 000

450.000. 000

280.000.000

3.600.000.000

3.880.000.000

EN 

8 

EN