Banking measures in the Mediterranean area in the context of the MEDA programme and the previous protocols

In this special report the Court audited the banking measures under the MEDA programme and the previous protocols to determine whether the ongoing projects were being adequately monitored by the Commission and the EIB and whether projects had achieved their objectives.

The Court’s report makes a series of recommendations aimed to set up a tailor-made evaluation and monitoring programme for banking measures.

The Court emphasises the need for a better coordination of the assistance work undertaken by the EIB, the Commission and the other international/local partners.

This coordination should be based on appropriate negotiated management conventions which will cover the environmental aspects and the safeguard of the Community’s financial interests.