Home Europe Council of the European Union Council Decision (EU) 2020/1587 of 29 October 2020 on the fi...
Date: 2020-10-30 Category: Not Applicable State: Union Government Country: Europe

Council Decision (EU) 2020/1587 of 29 October 2020 on the financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2020

Issued by Council of the European Union · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: Council Decision (EU) 2020/1587 outlines the financial contributions Member States must pay to finance the European Development Fund (EDF), including the third installment for 2020. It is based on the Treaty on European Union, the Treaty on the Functioning of the European Union, and the Internal Agreement on the financing of EU aid under the multiannual financial framework for 2014 to 2020. The decision specifies the individual contributions to be paid to the Commission and the EIB as the third installment for 2020. Key Points / Main Content: Financial Contributions: * The decision sets the individual EDF contributions to be paid by Member States to the Commission and the EIB as the third installment for 2020, as detailed in the Annex. * These contributions are called under the 10th EDF for the EIB and the 11th EDF for the Commission. * Council Decision (EU) 2019/1800 set the annual amount of Member States' EDF contributions for 2020 at EUR 4,400,000,000 for the Commission and EUR 300,000,000 for the EIB. United Kingdom's Participation: * The United Kingdom remains party to the EDF until the closure of the 11th EDF and all previous unclosed EDFs, as stipulated in the Agreement on its withdrawal from the European Union. * The United Kingdom's share in decommitted funds from projects under the 10th EDF or previous EDFs will not be reused. Entry into Force: * This Decision entered into force on the date of its adoption, October 29, 2020. Impact Analysis: Member States: Impact: Required to pay the specified financial contributions to the Commission and the EIB as the third installment for 2020, according to the amounts listed in the Annex. Action Required: Ensure timely payment of the contributions as outlined in the Annex. European Commission: Impact: Receives financial contributions from Member States to fund the EDF. Action Required: Manage and allocate the received funds according to the EDF's objectives and regulations. European Investment Bank (EIB): Impact: Receives financial contributions from Member States to manage instruments under the EDF. Action Required: Utilize the funds according to updated estimates of commitments and payments, as communicated to the Commission. United Kingdom: Impact: Continues to be party to the EDF until closure of the 11th EDF and previous EDFs, but its share of decommitted funds will not be reused. Action Required: Await further instructions.

Key Entities Referenced

European Development Fund: A fund for providing aid to African, Caribbean, and Pacific (ACP) states and Overseas Countries and Territories (OCTs). European Union: A political and economic union of member states located primarily in Europe. Council of the European Union: A body composed of government ministers from each EU member state to negotiate and adopt laws. European Commission: An executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the EU budget. European Investment Bank: The European Union's investment bank which contributes to the implementation of EU policies. Treaty on European Union: One of the two founding treaties of the European Union that sets out the constitutional basis of the EU. Treaty on the Functioning of the European Union: One of the two treaties that form the constitutional basis of the European Union (EU). United Kingdom of Great Britain and Northern Ireland: A country that was formerly part of the European Union, subject to financial obligations until the closure of the 11th EDF and previous EDFs.
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L 362/30 E N O f f i c i a l J o u r n a l o f t h e E u r o p e an Union 30.10.2020 COUNCIL DECISION (EU) 2020/1587 of 29 October 2020 on the financial contributions to be paid by Member States to finance the European Development Fund, including the third instalment for 2020 THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on European Union and to the Treaty on the Functioning of the European Union, Having regard to the Internal Agreement between the Representatives of the Governments of the Member States of the European Union, meeting within the Council, on the financing of European Union aid under the multiannual financial framework for the period 2014 to 2020, in accordance with the ACP-EU Partnership Agreement and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the Treaty on the Functioning of the European Union applies(1), and in particular Article 7 thereof, Having regard to Council Regulation (EU) 2018/1877 of 26 November 2018 on the financial regulation applicable to the 11th European Development Fund, and repealing Regulation (EU) 2015/323(2), and in particular Article 19(5) thereof, Having regard to the proposal from the European Commission, Whereas: (1) In accordance with the procedure laid down in Articles 19 to 22 of Regulation (EU) 2018/1877 (‘the 11th EDF Financial Regulation’), the Commission is to present a proposal by 10 October 2020 specifying (a) the amount of the third instalment of the contribution for 2020, and (b) a revised annual amount of the contribution for 2020, in cases where the amount deviates from actual needs. (2) In accordance with Article 46 of the 11th EDF Financial Regulation, the European Investment Bank (EIB) sent to the Commission its updated estimates of commitments and payments under the instruments it manages. (3) Article 20(1) of the 11th EDF Financial Regulation provides that calls for contributions first use up the amounts provided for in previous European Development Funds (EDFs). Therefore, a call for funds under the 10th European Development Fund (the ‘10th EDF’) for the EIB and under the 11th European Development Fund (the ‘11th EDF’) for the Commission should be made. (4) The Council has adopted, based on a proposal from the Commission, Decision (EU) 2019/1800(3), which sets the annual amount of the Member States’ EDF contributions for 2020 at EUR 4 400 000 000 for the Commission, and at EUR 300 000 000 for the EIB. (5) Articles 152 and 153 of the Agreement on the withdrawal of of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community(4) stipulate that the United Kingdom shall remain party to the EDF until the closure of the 11th EDF and all previous unclosed EDFs. However, the United Kingdom’s share in decommitted funds from projects under the 10th EDF or previous EDFs shall not be reused, HAS ADOPTED THIS DECISION: Article 1 The individual EDF contributions to be paid by the Member States to the Commission and the EIB as the third instalment for 2020 are set out in the table in the Annex to this Decision. (1) OJ L 210, 6.8.2013, p. 1. (2) OJ L 307, 3.12.2018, p. 1. (3) Council Decision (EU) 2019/1800 of 24 October 2019 on the financial contributions to be paid by Member States to finance the European Development Fund, including the ceiling for 2021, the annual amount for 2020, the first instalment for 2020 and an indicative and non-binding forecast for the expected annual amounts of contributions for the years 2022 and 2023 (OJ L 274, 28.10.2019, p. 9). (4) OJ C 384 I, 12.11.2019, p. 1.30.10.2020 E N O f f i c i a l J o u r n a l o f t h e E u r o p e a n Union L 362/31 Article 2 This Decision shall enter into force on the date of its adoption. Done at Brussels, 29 October 2020. For the Council The President M. ROTHL 362/32 E N O f f i c i a l J o u r n a l o f t h e E u r o p e an Union 30.10.2020 ANNEX Third instalment 2020 (EUR) Key 10th Key 11th MEMBER STATES & UK Commission EIB Total EDF % EDF % 11th EDF 10th EDF BELGIUM 3,53 3,24927 32 492 700,00 3 530 000,00 36 022 700,00 BULGARIA 0,14 0,21853 2 185 300,00 140 000,00 2 325 300,00 CZECHIA 0,51 0,79745 7 974 500,00 510 000,00 8 484 500,00 DENMARK 2,00 1,98045 19 804 500,00 2 000 000,00 21 804 500,00 GERMANY 20,50 20,57980 205 798 000,00 20 500 000,00 226 298 000,00 ESTONIA 0,05 0,08635 863 500,00 50 000,00 913 500,00 IRELAND 0,91 0,94006 9 400 600,00 910 000,00 10 310 600,00 GREECE 1,47 1,50735 15 073 500,00 1 470 000,00 16 543 500,00 SPAIN 7,85 7,93248 79 324 800,00 7 850 000,00 87 174 800,00 FRANCE 19,55 17,81269 178 126 900,00 19 550 000,00 197 676 900,00 CROATIA 0,00 0,22518 2 251 800,00 0,00 2 251 800,00 ITALY 12,86 12,53009 125 300 900,00 12 860 000,00 138 160 900,00 CYPRUS 0,09 0,11162 1 116 200,00 90 000,00 1 206 200,00 LATVIA 0,07 0,11612 1 161 200,00 70 000,00 1 231 200,00 LITHUANIA 0,12 0,18077 1 807 700,00 120 000,00 1 927 700,00 LUXEMBOURG 0,27 0,25509 2 550 900,00 270 000,00 2 820 900,00 HUNGARY 0,55 0,61456 6 145 600,00 550 000,00 6 695 600,00 MALTA 0,03 0,03801 380 100,00 30 000,00 410 100,00 NETHERLANDS 4,85 4,77678 47 767 800,00 4 850 000,00 52 617 800,00 AUSTRIA 2,41 2,39757 23 975 700,00 2 410 000,00 26 385 700,00 POLAND 1,30 2,00734 20 073 400,00 1 300 000,00 21 373 400,00 PORTUGAL 1,15 1,19679 11 967 900,00 1 150 000,00 13 117 900,00 ROMANIA 0,37 0,71815 7 181 500,00 370 000,00 7 551 500,00 SLOVENIA 0,18 0,22452 2 245 200,00 180 000,00 2 425 200,00 SLOVAKIA 0,21 0,37616 3 761 600,00 210 000,00 3 971 600,00 FINLAND 1,47 1,50909 15 090 900,00 1 470 000,00 16 560 900,00 SWEDEN 2,74 2,93911 29 391 100,00 2 740 000,00 32 131 100,00 UNITED KINGDOM 14,82 14,67862 146 786 200,00 14 820 000,00 161 606 200,00 TOTAL EU-27 & UK 100,00 100,00 1 000 000 000,00 100 000 000,00 1 100 000 000,00

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