On the 11th June, the European Commission published in the Official Journal of the European Union, proposal for the Council decision fixing the financial contributions to be paid by the Member States contributing to the European Development Fund (second instalment for 2008). 105,000,000 euros is destined for the 9th European Development Fund and 1000 million eiros for going to the Commission.

This proposal concerns the second instalment of contributions for 2008. Under Article 38 (2) of the 9th EDF Financial Regulation, the schedule decided for this instalment is as follows:

1. The Commission presents a proposal by 15th June.
2. The Council decides on this instalment no later than 21 calendar days after the Commission presents its proposal.
3. The Member States pay this instalment of the contributions no later than 21 calendar days after they receive notification of the Council decision.

Since the entry into force of the Financial Regulation for the 9th European Development Fund (EDF) the Council decides, on a proposal from the Commission, on each of the three instalments to be paid by the Member States (Article 38 of the Financial Regulation). In the case of the 9th and 10th EDF instruments managed by the European Investment Bank (EIB), the Member States pay their contributions directly to the EIB. The contributions for other instruments are paid to the Commission.