Council Decision (EU) 2024/2906

Contents

THE COUNCIL OF THE EUROPEAN UNION,Having regard 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^note, and in particular Article 7(2), in conjunction with Article 14(3) thereof,Having regard to the 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^note, and in particular Article 19(2) thereof,Having regard to the proposal from the European Commission,Whereas:

(1)In accordance with Article 46 of Regulation (EU) 2018/1877, the European Investment Bank (‘EIB’) is to send to the Commission its updated estimates of commitments and payments under the instruments it manages.

(2)In accordance with the procedure laid down in Article 19(2) of Regulation (EU) 2018/1877, the Commission is to present a proposal by 15 October 2024 specifying the ceiling amount of the contribution for 2026, the annual amount of the contribution for 2025, the amount of the first instalment of the contribution for 2025 and an indicative, non-binding forecast for the expected annual amounts of contributions for the years 2027 and 2028.

(3)Pursuant to Article 20(1) of Regulation (EU) 2018/1877, calls for contributions are to first use up the amounts provided for in previous European Development Funds (‘EDF’). Therefore, a call for funds pursuant to Regulation (EU) 2018/1877 for the Commission and for the EIB should be made.

(4)Pursuant to Article 152 of the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community (the ‘Withdrawal Agreement’), the United Kingdom of Great Britain and Northern Ireland (the ‘United Kingdom’) is to remain party to the EDF until the closure of the 11th EDF and all previous unclosed EDFs. However, pursuant to Article 153 of the Withdrawal Agreement, the United Kingdom’s share in decommitted funds from projects under the 11th EDF, where those funds have been decommitted after 31 December 2020, or previous EDFs is not to be reused.

(5)Council Decision (EU) 2023/2586^note, sets the ceiling for the annual amount of the contribution to be paid by the parties to the EDF for 2025 at EUR 800000000 for the Commission and at EUR 9000000 for the EIB.

(6)In order to allow for the prompt application of the measures it provides for, this Decision should enter into force on the date of its publication in the Official Journal of the European Union,

HAS ADOPTED THIS DECISION: