Special Report No 05/2015: Are financial instruments a successful and promising tool in the rural development area?

Author (Corporate)
Series Title
Series Details No.05, 2015 (April 2015)
Publication Date May 2015
ISBN 978-92-872-2268-8
ISSN 1977-5679
EC QJ-AB-15-004-EN-N
Content Type ,

Summary:

The Court examined the success of financial instruments (loan and guarantee funds) in rural development during 2007-2013 and their potential for the 2014-2020 period. It found that they had so far been unsuccessful, mainly because they were overcapitalised and had not fulfilled their potential in terms of the desired leverage and revolving effects. As for 2014-2020, despite improvements in the background legislation, the Court concluded that it would still be a considerable challenge to achieve the desired impact.
Source Link http://dx.publications.europa.eu/10.2865/359246
Related Links
Politico, 28.04.15: EU auditors rip €700 million farm program http://www.politico.eu/article/eu-auditors-rip-e700-million-farm-program/
ECA: Special Report No 05/2015: Are financial instruments a successful and promising tool in the rural development area? [PDF] https://www.eca.europa.eu/Lists/ECADocuments/SR15_05/SR15_05_EN.pdf
ECA: News, 28.04.15: Financial Instruments in rural development: past failures and future challenges https://www.eca.europa.eu/en/Pages/NewsItem.aspx?nid=5777
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