| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2016) 46 final (4.2.16) |
| Publication Date | 04/02/2016 |
| Content Type | Policy-making, Report |
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On 16 November 2011, the European Parliament and the Council adopted Decision No 1219/2011/EU concerning the subscription by the European Union to additional shares in the capital of the European Bank for Reconstruction and Development (EBRD). This report responds to the invitation in recital 8 of the Decision to the Commission to present to the European Parliament and the Council, by the end of 2015, a report assessing the effectiveness of the existing system of European public financing institutions in promoting investment in Europe and its Neighbourhood - including recommendations on the cooperation between the respective banks and the optimisation and coordination of their activities. The European Commission actively supports European and neighbouring countries through a wide range of financial programmes and instruments which are also channelled through International Financial Institutions (IFIs). These involve, amongst others, the EBRD and the European Investment Bank (EIB) Group, which comprises the EIB and the European Investment Fund (EIF). The analysis covers the period of 2010-2014 and focuses on those EU countries where EBRD is active and on the European Neighbourhood ("the Region") which for the purposes of this report are divided into the following distinct geographical areas: Eastern and Central European EU Member States (EU-11); Southern and Eastern Mediterranean; South Eastern Europe; Eastern Europe and Caucasus; Central Asia; Russia and Turkey. Throughout the Region, the EIB Group and the EBRD are by far the most active IFIs and therefore the conclusions and the recommendations are based on the in-depth analysis of these two IFIs and on an assessment of their cooperation. A more general review, which can be found in the Staff Working Document (SWD) submitted together with this report, was also carried out for other IFIs active in the Region. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/collection/eu-law/pre-acts.html |
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| Countries / Regions | Central Europe, Eastern Europe, Europe |
