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Council Regulation (EC) No 215/2008 Article 59

Council Regulation (EC) No 215/2008 Article 59

Article 59

1.   The financial contributions of the Member States shall be expressed in euro. 2.   Each Member State shall pay the amount of its contribution in euro. 3.   In respect of the amount due to the Commission under Article 57(7)(a), financial contributions shall be credited by each Member State to a special account entitled ‘Commission of the European Communities — European Development Fund’ opened with the bank of issue of that Member State or the financial institution designated by it. The amount of such contributions shall remain in those special accounts until the payments provided for in Article 37 of Annex IV to the ACP-EC Agreement or in the measures implementing the Overseas Association Decision need to be made. In respect of the amount due to the EIB under Article 57(7)(b), financial contributions shall be credited by each Member State, in accordance with Article 146. Where necessary, the Commission shall provide appropriate technical assistance in the implementation of the Council decisions referred to in Article 57.

Read the full instrument → · Read this in context: Section 1 — Making available of EDF resources →

Other provisions in Section 1 — Making available of EDF resources

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 59 of Council Regulation (EC) No 215/2008 (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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