52012DC0610

COMMUNICATION FROM THE COMMISSION

Estimate of European Development Fund commitments, payments and contributions to be paid by Member States for 2012, 2013 and 2014

1.           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 2012 to 2014[2], 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 since 1999, including projections for 2013-2014 (Commission and EIB cumulated). It clearly shows the upward trend in commitments and disbursements since 1999, due to a speed up in the implementation of aid.

2.           Financial forecasts for 2012 – 2014[3]

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

3.           Financial implementation forecasts for 2011 - 2013

The Commission and the EIB have updated their commitment and payment forecasts for 2012 and 2013 for each of the ACP[4] countries and the OCTs[5]. The result and the amount of contributions necessary to finance the EDF for 2012 to 2013 are set out in Attachments 1 to 3 where they are compared with the figures given in the June 2012 communication[6].

The contributions 2012 and 2013 by instalment and by Member State are presented in the Attachments 4 and 5.

[1]               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).

[2]               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).

[3]               The figures for 2014 will be updated after the adoption of the financial framework 2014 - 2020.

[4]               African, Caribbean and Pacific States

[5]               Overseas Countries and Territories

[6]               COM(2012)386 final of 10.07.2012