52023DC0554

EUROPEAN COMMISSION

Brussels, 6.10.2023

COM(2023) 554 final

COMMUNICATION FROM THE COMMISSION TO THE COUNCIL

Financial information on the European Development Fund

European Development Fund (EDF): forecasts of commitments, payments and contributions from the parties to the European Development Fund for 2023, 2024, 2025 and non binding forecasts for the years 2026-2027

1.Foreword 1

In accordance with Article 19(2) of the Council Regulation (EU) 2018/1877 2 on the Financial Regulation applicable to the 11th European Development Fund (hereinafter referred to as "11th EDF Financial Regulation"), the Commission presents in this document the estimates of the commitments 3 , payments and contributions for the period 2023-2025, taking into account the forecasts of the European Investment Bank (EIB).

This document sets out the financial implementation of the EDFs (Ninth to 11th) for 2023 until 2025. In addition, this document makes non-binding estimates for the EDF contributions from the parties to the European Development Fund for the years 2026-2027.

The parties to the European Development Fund contribute funds directly to the EIB for the instruments, which it manages under the Ninth, 10th, and 11th EDFs (the Investment Facility and interest rate subsidies).

2.Introduction

The Commission and the EIB have updated their forecasts for 2023, 2024 and 2025 for each of the African, Caribbean and Pacific (ACP) countries and the Overseas Countries and Territories (OCTs). The payment forecasts in particular have been compiled with the aim of helping the parties to the European Development Fund 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 19(2) of the 11th EDF Financial Regulation, the estimates of commitments and payments have been updated following the latest forecasts.

The graph below shows the general evolution in gross commitments and payments since 1999 until 2022 and projections for the period 2023-2025 (Commission and EIB cumulated amounts).

Gross commitments and payments: trend 1999-2025 (EUR million)

Note: Figures from implementation of the European Development Funds until 31 December 2022 (commitments and payments) and forecasts for 2023-2025. Since the sunset clause of the 11th EDF elapsed on 31.12.2020, there are no new commitments with the exception of:

(1) the funds stemming from reflows under the ACP Investment Facility from operations under the 9th 10th and 11th EDFs (ref prolongation of the IF into 2021, by the Council Decision 2020/2233 of the Council), and

(2) commitments of the funds stemming from the reuse of the 10th & 11th EDF reserve under the Council Decision 2022/1223, regarding the special measures for the EU response to the food security crisis and economic shock in African, Caribbean and Pacific (ACP) countries following Russia's war of aggression against Ukraine.

3.Financial forecasts for 2023 - 2025 (EUR million)

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

Forecasts 2023-2025 (*)		2023	2024	2025
Commitments	Commission	0	0	0
	EIB	0	0	0
	Total	0	0	0

Payments	Commission	2 000	1 300	900
	EIB	858	567
	Total	2 858	1 867	900

Contributions	Commission (11th EDF)	1 800	1 200	800
	EIB (11th EDF)**	300	300	9
	Total	2 100	1 500	809

* 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.

** On the basis of the current forecasts, the EIB will have called all its share of the 11th EDF by the end of 2025.

4. Non-Binding Estimates of Contributions for 2026 – 2027 (EUR million)

Forecasts 2026-2027*		2026	2027
Contributions	Commission (11th EDF)	600	500
	EIB (11th EDF)**	0	0
	Total	600	500

*Art.19 (2) 11th EDF Financial Regulation (EU 2018/1877): indicative, non-binding forecast based on a statistical approach for the expected annual amounts of contributions

** On the basis of the current forecasts, the EIB will have called all its share of the 11th EDF by the end of 2025.

5. Financial implementation forecasts for 2023-2025 4

For 2023 and 2024, the estimates for payments and Member State contributions (Commission) remain unchanged compared to the June 2023 Communication. Our estimations for the year 2025 confirm the decreasing trend of payments.

With respect to the non-committed and decommitted funds from the Ninth EDF, the Commission proposes to refund to the “EU-15 MS” the amount of EUR 7.8 million currently available in the Ninth reserve 5 . This refund will be done by reducing the amount to be paid by the “EU-15 MS” for the first instalment 2024 (i.e the same approach as in the previous years). Any remaining balances in the Ninth EDF reserve will continue, in principle, to be refunded once a year until the complete restitution of non-committed or decommitted funds.

Regarding the 10th and the 11th EDF reserve, the UK formally requested in March 2023 that the Commission refunds this year their outstanding share of the reserves by netting-out their outstanding contribution to the EDF for 2023 (€154,12 million). As of 2024 (for the funds that will still be de-committed) the UK asked that we continue with a regular “netting-out”. This request is in line with the Article 153 of the Withdrawal Agreement, which stipulates that the UK share of the EDF reserves cannot be reused. The refund already started with the 2nd instalment of 2023.

Attachments 1, 2 and 3 show respectively the forecasts of commitments, forecasts of payments and the financial situation compared with previous forecasts for the period 2023-2027.

Attachments 4 and 5 show respectively the contributions for 2024 and for 2025 per instalment and per EDF party. Attachment 6 shows the yearly contributions for the period 2024-2027 per EDF party.

5.1.Attachment 1: Forecasts of commitments 6 for 2023 to 2025 (EUR million)

	Figures for 2023		Figures for 2024		Figures for 2025
	Communication June 2023	Communication October 2023	Communication June 2023	Communication October 2023	Communication June 2023	Communication October 2023
Regions
Eastern and Central Africa
West and Southern Africa
Caribbean
Pacific
Sub-total
Other
Special measures for Food Security
Human Development, Human rights
EU-Africa, African Peace Facility
EUTF Africa
Planet and Prosperity
Resources, Evaluation, Process
DG ECHO, EACEA, DG EAC
Sub-total
Total European Commission	0	0	0	0	0	0
Investment Facility subsidies (*)	0	0	0	0	0	0
Total EIB	0	0	0	0	0	0
TOTAL EC+EIB	0	0	0	0	0	0

* Including subsidy for technical assistance and interest rate subsidies from the current EDF and IRS disbursement under previous EDFs

	Figures for 2023		Figures for 2024		Figures for 2025
	Communication June 2023	Communication October 2023	Communication June 2023	Communication October 2023	Communication June 2023	Communication October 2023
Investment facility revolving fund**	0	0	0	0	0	0

**The commitment under the revolving fund cannot be assimilated to budgetary commitments. It shall be therefore reported separately.

5.2.Attachment 2: Forecasts of payments 7 for 2023 to 2025 (EUR million)

	Figures for 2023		Figures for 2024		Figures for 2025
	Communication June 2023	Communication October 2023	Communication June 2023	Communication October 2023	Communication June 2023	Communication October 2023
Regions
Eastern and Central Africa	440	440
West and Southern Africa	785	785
Caribbean	146	146
Pacific	89	89
Sub-total*	1 461	1 461
Other
Special measures for Food Security	89	89
Human Development, Human rights	16	16
EU-Africa, African Peace Facility	33	33
EUTF Africa	224	224
Planet and Prosperity	112	112
Resources, Evaluation, Process	46	46
DG ECHO, EACEA, DG EAC	19	19
Sub-total*	539	539
Total European Commission*	2 000	2 000	1 300	1 300		900
Investment Facility subsidies (**)	208	208	151	151
Total EIB***	208	208	151	151
TOTAL European Commission + EIB*	2 208	2208	1 451	1 451		900

*Due to the rounding effects, the sum of individual rounded amounts shown may differ slightly from the corresponding totals

** Including subsidy for technical assistance and interest rate subsidies from the current EDF and IRS disbursement under previous EDFs

	Figures for 2023		Figures for 2024		Figures for 2025
	Communication June 2023	Communication October 2023	Communication June 2023	Communication October 2023	Communication June 2023	Communication October 2023
Investment facility revolving fund ***	650	650	416	416

*** The disbursement under the revolving fund cannot be assimilated to budgetary gross payment. It shall be therefore reported separately.

5.3.Attachment 3: Financial forecasts for 2023-2025 and non-binding estimations for 2026-2027 (EUR million)

		Communication June 2023 1			Communication October 2023 1
		Commission	EIB	TOTAL	Commission	EIB	TOTAL
	Balance at 31/12/2022 4,6	1 028	844	1 872	1 028	844	1 872
2023	Member States & UK Contributions for 2023:	1 800	300	2 100	1 800	300	2 100
	1st instalment	750	100	850	750	100	850
	2nd instalment	650	100	750	650	100	750
	3rd instalment	400	100	500	400	100	500
	Reflows 2		384	384		501	501
	Contrib. & adjust. 2023 received in 2022	- 105			- 105		-105
	Recoveries, interest and adjustment	60		60	60		60
	Refund of 9th EDF to MS&UK	-42,5		-42,5	-42,5		-42,50
	Refund of 10th & 11th EDF to UK	-154,1		- 154	-154,1		-154,12
	Total payments 3	- 2 000	- 858	- 2 858	- 2 000	- 858	-2 858
	Balance at 31/12/2023 4,6	586	670	1 257	586	787	1.373,71
2024	Member States & UK Contributions for 2024:	1 200	300	1 500	1 200	300	1 500
	1st instalment	550	100	650	550	100	650
	2nd instalment	400	100	500	400	100	500
	3rd instalment	250	100	350	250	100	350
	Reflows 2		381	381		100	100
	Recoveries, interest and adjustment	60		60	60		60
	Estimated Refund of 10th & 11th EDF to UK7	- 68		- 68	- 68		- 68
	Estimated Refund of 9th EDF to MS&UK7	- 8		- 8	- 7,8		- 7,8
	Total payments 3	- 1 300	- 567	- 1 867	- 1 300	- 567	- 1 867
	Balance at 31/12/2024 4,6	470	784	1 255	471	620	1 091
2025	Member States & UK Contributions for 2025 5	800	9	809	800	9	809
	1st instalment				350	9	359
	2nd instalment				250		250
	3rd instalment				200		200
	Reflows 2					100	100
	Recoveries, interest and adjustment				50		50
	Estimated Refund of 10th & 11th EDF to UK7				- 30		- 30
	Estimated Refund of 9th EDF to MS&UK8
	Total payments 3				- 900		- 900
	Balance at 31/12/2025 4,6				391	729	1 120
2026	Member States & UK Contributions for 2026 5	600	0	600	600	0	600
2027	Member States & UK Contributions for 2027 5	500	0	500	500	0	500

1	Funds available for operations;
2	Net of write-offs, EIB management fees and other costs such as swaps/hedging; does not include the UK share of reflows, according to art. 153 of the Withdrawal Agreement these shall not be reused. Refer to IF Financial Statements for full details.
3	Including interest rates subsidies under the previous EDFs;
4	Balances do not include: (i) Cofinancings received, (ii) Receipts in bank not yet allocated to a specific EDF line
5	Art.19 (2)(d): Financial Regulation: non-binding forecast based on a statistical approach for the expected annual contributions
6	The balance of the EIB is related to the nature of the Investment Facility. Please consult the IF Financial Statements for the complete view and detailed balance as at year end.
7	This is a very rough estimate based on a historical analysis of the decommitment rate of previous EDFs
8	The estimate of the 9th EDF refund will be determined during the year 2024, according to our current projections it will be limited

5.4.Attachment 4: Member States and the UK contributions for 2024 (EUR)*

MEMBER STATES & UK	11th EDF Key (%)	1st instalment		2nd instalment		3rd instalment		Total Commission	Total EIB	Total 2024
		Commission	EIB	Commission	EIB	Commission	EIB
		11th EDF	11th EDF	11th EDF	11th EDF	11th EDF	11th EDF
BELGIUM	3,24927	17 870 985	3 249 270	12 997 080	3 249 270	8 123 175	3 249 270	38 991 240	9 747 810	48 739 050
BULGARIA	0,21853	1 201 915	218 530	874 120	218 530	546 325	218 530	2 622 360	655 590	3 277 950
CZECHIA	0,79745	4 385 975	797 450	3 189 800	797 450	1 993 625	797 450	9 569 400	2 392 350	11 961 750
DENMARK	1,98045	10 892 475	1 980 450	7 921 800	1 980 450	4 951 125	1 980 450	23 765 400	5 941 350	29 706 750
GERMANY	20,57980	113 188 900	20 579 800	82 319 200	20 579 800	51 449 500	20 579 800	246 957 600	61 739 400	308 697 000
ESTONIA	0,08635	474 925	86 350	345 400	86 350	215 875	86 350	1 036 200	259 050	1 295 250
IRELAND	0,94006	5 170 330	940 060	3 760 240	940 060	2 350 150	940 060	11 280 720	2 820 180	14 100 900
GREECE	1,50735	8 290 425	1 507 350	6 029 400	1 507 350	3 768 375	1 507 350	18 088 200	4 522 050	22 610 250
SPAIN	7,93248	43 628 640	7 932 480	31 729 920	7 932 480	19 831 200	7 932 480	95 189 760	23 797 440	118 987 200
FRANCE	17,81269	97 969 795	17 812 690	71 250 760	17 812 690	44 531 725	17 812 690	213 752 280	53 438 070	267 190 350
CROATIA	0,22518	1 238 490	225 180	900 720	225 180	562 950	225 180	2 702 160	675 540	3 377 700
ITALY	12,53009	68 915 495	12 530 090	50 120 360	12 530 090	31 325 225	12 530 090	150 361 080	37 590 270	187 951 350
CYPRUS	0,11162	613 910	111 620	446 480	111 620	279 050	111 620	1 339 440	334 860	1 674 300
LATVIA	0,11612	638 660	116 120	464 480	116 120	290 300	116 120	1 393 440	348 360	1 741 800
LITHUANIA	0,18077	994 235	180 770	723 080	180 770	451 925	180 770	2 169 240	542 310	2 711 550
LUXEMBOURG	0,25509	1 402 995	255 090	1 020 360	255 090	637 725	255 090	3 061 080	765 270	3 826 350
HUNGARY	0,61456	3 380 080	614 560	2 458 240	614 560	1 536 400	614 560	7 374 720	1 843 680	9 218 400
MALTA	0,03801	209 055	38 010	152 040	38 010	95 025	38 010	456 120	114 030	570 150
NETHERLANDS	4,77678	26 272 290	4 776 780	19 107 120	4 776 780	11 941 950	4 776 780	57 321 360	14 330 340	71 651 700
AUSTRIA	2,39757	13 186 635	2 397 570	9 590 280	2 397 570	5 993 925	2 397 570	28 770 840	7 192 710	35 963 550
POLAND	2,00734	11 040 370	2 007 340	8 029 360	2 007 340	5 018 350	2 007 340	24 088 080	6 022 020	30 110 100
PORTUGAL	1,19679	6 582 345	1 196 790	4 787 160	1 196 790	2 991 975	1 196 790	14 361 480	3 590 370	17 951 850
ROMANIA	0,71815	3 949 825	718 150	2 872 600	718 150	1 795 375	718 150	8 617 800	2 154 450	10 772 250
SLOVENIA	0,22452	1 234 860	224 520	898 080	224 520	561 300	224 520	2 694 240	673 560	3 367 800
SLOVAKIA	0,37616	2 068 880	376 160	1 504 640	376 160	940 400	376 160	4 513 920	1 128 480	5 642 400
FINLAND	1,50909	8 299 995	1 509 090	6 036 360	1 509 090	3 772 725	1 509 090	18 109 080	4 527 270	22 636 350
SWEDEN	2,93911	16 165 105	2 939 110	11 756 440	2 939 110	7 347 775	2 939 110	35 269 320	8 817 330	44 086 650
UNITED KINGDOM	14,67862	80 732 410	14 678 620	58 714 480	14 678 620	36 696 550	14 678 620	176 143 440	44 035 860	220 179 300
TOTAL EU-27 & UK	100,00	550 000 000	100 000 000	400 000 000	100 000 000	250 000 000	100 000 000	1 200 000 000	300 000 000	1 500 000 000

* The amount of contributions presented in the table do not include the refund of 9th EDF decommitted funds to MS and UK; nor the refund of 10th and 11th EDF decommitted funds to UK.

5.5.Attachment 5: Member States and the UK contributions for 2025 (EUR)*

MEMBER STATES & UK	11th EDF Key (%)	1st instalment		2nd instalment		3rd instalment		Total Commission	Total EIB	Total 2025
		Commission	EIB	Commission	EIB	Commission	EIB
		11th EDF	11th EDF	11th EDF	11th EDF	11th EDF	11th EDF
BELGIUM	3,24927	11 372 445	292 434	8 123 175	0	6 498 540	0	25 994 160	292 434	26 286 594
BULGARIA	0,21853	764 855	19 668	546 325	0	437 060	0	1 748 240	19 668	1 767 908
CZECHIA	0,79745	2 791 075	71 771	1 993 625	0	1 594 900	0	6 379 600	71 771	6 451 371
DENMARK	1,98045	6 931 575	178 241	4 951 125	0	3 960 900	0	15 843 600	178 241	16 021 841
GERMANY	20,57980	72 029 300	1 852 182	51 449 500	0	41 159 600	0	164 638 400	1 852 182	166 490 582
ESTONIA	0,08635	302 225	7 772	215 875	0	172 700	0	690 800	7 772	698 572
IRELAND	0,94006	3 290 210	84 605	2 350 150	0	1 880 120	0	7 520 480	84 605	7 605 085
GREECE	1,50735	5 275 725	135 662	3 768 375	0	3 014 700	0	12 058 800	135 662	12 194 462
SPAIN	7,93248	27 763 680	713 923	19 831 200	0	15 864 960	0	63 459 840	713 923	64 173 763
FRANCE	17,81269	62 344 415	1 603 142	44 531 725	0	35 625 380	0	142 501 520	1 603 142	144 104 662
CROATIA	0,22518	788 130	20 266	562 950	0	450 360	0	1 801 440	20 266	1 821 706
ITALY	12,53009	43 855 315	1 127 708	31 325 225	0	25 060 180	0	100 240 720	1 127 708	101 368 428
CYPRUS	0,11162	390 670	10 046	279 050	0	223 240	0	892 960	10 046	903 006
LATVIA	0,11612	406 420	10 451	290 300	0	232 240	0	928 960	10 451	939 411
LITHUANIA	0,18077	632 695	16 269	451 925	0	361 540	0	1 446 160	16 269	1 462 429
LUXEMBOURG	0,25509	892 815	22 958	637 725	0	510 180	0	2 040 720	22 958	2 063 678
HUNGARY	0,61456	2 150 960	55 310	1 536 400	0	1 229 120	0	4 916 480	55 310	4 971 790
MALTA	0,03801	133 035	3 421	95 025	0	76 020	0	304 080	3 421	307 501
NETHERLANDS	4,77678	16 718 730	429 910	11 941 950	0	9 553 560	0	38 214 240	429 910	38 644 150
AUSTRIA	2,39757	8 391 495	215 781	5 993 925	0	4 795 140	0	19 180 560	215 781	19 396 341
POLAND	2,00734	7 025 690	180 661	5 018 350	0	4 014 680	0	16 058 720	180 661	16 239 381
PORTUGAL	1,19679	4 188 765	107 711	2 991 975	0	2 393 580	0	9 574 320	107 711	9 682 031
ROMANIA	0,71815	2 513 525	64 634	1 795 375	0	1 436 300	0	5 745 200	64 634	5 809 834
SLOVENIA	0,22452	785 820	20 207	561 300	0	449 040	0	1 796 160	20 207	1 816 367
SLOVAKIA	0,37616	1 316 560	33 854	940 400	0	752 320	0	3 009 280	33 854	3 043 134
FINLAND	1,50909	5 281 815	135 818	3 772 725	0	3 018 180	0	12 072 720	135 818	12 208 538
SWEDEN	2,93911	10 286 885	264 520	7 347 775	0	5 878 220	0	23 512 880	264 520	23 777 400
UNITED KINGDOM	14,67862	51 375 170	1 321 076	36 696 550	0	29 357 240	0	117 428 960	1 321 076	118 750 036
TOTAL EU-27 & UK	100,00	350 000 000	9 000 000	250 000 000	0	200 000 000	0	800 000 000	9 000 000	809 000 000

* The amount of contributions presented in the table do not include the possible refund of 9th EDF decommitted funds to MS and UK; nor the refund of 10th and 11th EDF decommitted funds to UK.

5.6.Attachment 6: Member States and the UK contributions for 2024-2027 (EUR)*

MEMBER STATES & UK	11th EDF Key (%)	2024		2025		2026		2027
		Commission	EIB	Commission	EIB	Commission	EIB**	Commission	EIB**
		11th EDF	11th EDF	11th EDF	11th EDF	11th EDF	11th EDF	11th EDF	11th EDF
BELGIUM	3,24927	38 991 240	9 747 810	25 994 160	292 434	19 495 620		16 246 350
BULGARIA	0,21853	2 622 360	655 590	1 748 240	19 668	1 311 180		1 092 650
CZECHIA	0,79745	9 569 400	2 392 350	6 379 600	71 771	4 784 700		3 987 250
DENMARK	1,98045	23 765 400	5 941 350	15 843 600	178 241	11 882 700		9 902 250
GERMANY	20,57980	246 957 600	61 739 400	164 638 400	1 852 182	123 478 800		102 899 000
ESTONIA	0,08635	1 036 200	259 050	690 800	7 772	518 100		431 750
IRELAND	0,94006	11 280 720	2 820 180	7 520 480	84 605	5 640 360		4 700 300
GREECE	1,50735	18 088 200	4 522 050	12 058 800	135 662	9 044 100		7 536 750
SPAIN	7,93248	95 189 760	23 797 440	63 459 840	713 923	47 594 880		39 662 400
FRANCE	17,81269	213 752 280	53 438 070	142 501 520	1 603 142	106 876 140		89 063 450
CROATIA	0,22518	2 702 160	675 540	1 801 440	20 266	1 351 080		1 125 900
ITALY	12,53009	150 361 080	37 590 270	100 240 720	1 127 708	75 180 540		62 650 450
CYPRUS	0,11162	1 339 440	334 860	892 960	10 046	669 720		558 100
LATVIA	0,11612	1 393 440	348 360	928 960	10 451	696 720		580 600
LITHUANIA	0,18077	2 169 240	542 310	1 446 160	16 269	1 084 620		903 850
LUXEMBOURG	0,25509	3 061 080	765 270	2 040 720	22 958	1 530 540		1 275 450
HUNGARY	0,61456	7 374 720	1 843 680	4 916 480	55 310	3 687 360		3 072 800
MALTA	0,03801	456 120	114 030	304 080	3 421	228 060		190 050
NETHERLANDS	4,77678	57 321 360	14 330 340	38 214 240	429 910	28 660 680		23 883 900
AUSTRIA	2,39757	28 770 840	7 192 710	19 180 560	215 781	14 385 420		11 987 850
POLAND	2,00734	24 088 080	6 022 020	16 058 720	180 661	12 044 040		10 036 700
PORTUGAL	1,19679	14 361 480	3 590 370	9 574 320	107 711	7 180 740		5 983 950
ROMANIA	0,71815	8 617 800	2 154 450	5 745 200	64 634	4 308 900		3 590 750
SLOVENIA	0,22452	2 694 240	673 560	1 796 160	20 207	1 347 120		1 122 600
SLOVAKIA	0,37616	4 513 920	1 128 480	3 009 280	33 854	2 256 960		1 880 800
FINLAND	1,50909	18 109 080	4 527 270	12 072 720	135 818	9 054 540		7 545 450
SWEDEN	2,93911	35 269 320	8 817 330	23 512 880	264 520	17 634 660		14 695 550
UNITED KINGDOM	14,67862	176 143 440	44 035 860	117 428 960	1 321 076	88 071 720		73 393 100
TOTAL EU-27 & UK	100,00	1 200 000 000	300 000 000	800 000 000	9 000 000	600 000 000		500 000 000
		1 500 000 000		809 000 000		600 000 000		500 000 000

* The amount of contributions presented in the table do not include the possible refund of 9th EDF decommitted funds to MS and UK; nor the refund of 10th and 11th EDF decommitted funds to UK.

** On the basis of the current forecasts, the EIB will have called all its share of the 11th EDF by the end of 2025

(1) This document takes into account Articles 152 and 153 of the withdrawal agreement of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community, which 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 11th EDF or previous EDFs shall not be reused.

(2) 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 (OJ L 307, 3.12.2018, p. 1–21).

(3) Commitments of the funds stemming from the reuse of the 10th & 11th EDF according to the COUNCIL DECISION (EU) 2022/1223 of 12 July 2022 concerning the allocation of funds de-committed from projects under the 10th and 11th European Development Funds for the purpose of financing actions addressing the food security crisis and economic shock in African, Caribbean and Pacific (ACP) countries following Russia’s war of aggression against Ukraine.

(4) The figures presented in this narrative concern the European Commission only; the figures for EIB are included in the table 3.

(5) With this refund, the total amount refunded to the “EU-15 MS” from the Ninth reserve, since 2015, will reach EUR 1.9 billion

(6) Gross commitments, i.e. without de-commitments being deducted.

(7) Gross payments, i.e. without recoveries being deducted.

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