Special Report No 16/2014: 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 (October 2014)
Publication Date 2014
ISBN 978-92-9207-015-1
ISSN 1831-0834
EC QJ-AB-14-016-EN-C
Content Type ,

Abstract:

According to an audit carried out by the European Court of Auditors and published on 22 October 2014, some European Union subsidies for infrastructure projects in developing countries were considered to be superfluous.

The Auditors revealed that of the 30 projects examined, half would have obtained the necessary funding from financial institutions even without the help of European subsidies.

Source Link http://dx.doi.org/10.2865/85000
Related Links
EurActiv, 06.11.14: Financial institutions: Unintended beneficiaries of EU development aid http://www.euractiv.com/sections/development-policy/financial-institutions-unintended-beneficiaries-eu-development-aid
ECA: Special Report No 16/2014: The effectiveness of blending regional investment facility grants with financial institution loans to support EU external policies [PDF] http://www.eca.europa.eu/Lists/ECADocuments/SR14_16/SR14_16_EN.pdf

Subject Categories
Countries / Regions