Decision (EU) 2018/965 on the financial contributions to be paid by Member States to finance the European Development Fund

Summary:

On 15 June 2018 the European Commission presented a proposal on the second instalment of the financial contributions to the European Development Fund (EDF) to be paid by Member States in 2018.

The Council of the European Union adopted a Decision on 6 July 2018.

Further information:

The European Development Fund (EDF) is the main instrument for providing EU aid for development cooperation to the African, Caribbean and Pacific (ACP) States and Overseas Countries and Territories (OCTs).

The EDF is not funded by the EU budget. It is established by an internal agreement of the Representatives of the Member States, sitting within the Council, and managed by a specific committee. The European Commission is responsible for the financial implementation of the operations carried out with EDF resources. The European Investment Bank (EIB) manages the Investment Facility.

Regulation (EU) 2015/323 (the '11th EDF Financial Regulation') provides for regular contributions to be made by Member States to the EDF treasury against pre-determined financial commitments. Regular contributions are triggered by technical Council Decisions which reflect the implementation of financial commitments previously decided.

• Primary Source

EUR-Lex: COM(2018)477: Proposal for a Decision on the financial contributions to be paid by Member States to finance the European Development Fund https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:477:FIN

ESO: Communication on financial information on the European Development Fund (EDF): forecasts of commitments, payments and contributions http://www.europeansources.info/record/communication-on-financial-information-on-the-european-development-fund-edf-forecasts-of-commitments-payments-and-contributions/

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