The effectiveness of blending regional investment facility grants with financial institution loans to support EU external policies

Author (Corporate)
Series Title
Series Details No.16, 2014
Publication Date October 2014
ISSN 1831-0834
Content Type ,

For nearly half of the projects examined by the European Court of Auditors in this Special report issued in October 2014, the auditors found there was insufficient evidence to conclude that the grants were justified. For a number of these cases there were indications that the investments would have been made without the EU contribution.

The European Commission has indicated that it wishes to extend the use of blending and this will involve a considerable amount of development aid in future years. As at 31/12/2013, the Commission had already entered into contracts for over €1.6bn for the regional investment facilities.
Source Link http://www.eca.europa.eu/Lists/ECADocuments/SR14_16/SR14_16_EN.pdf
Related Links
ECA: Press Release, 22.10.14: Audit in the field of EU External Actions: EU auditors warn the incoming Commission on the use of blending http://www.eca.europa.eu/Lists/ECADocuments/INSR14_16/INSR14_16_EN.pdf
Subject Categories
Countries / Regions