| Author (Corporate) | European Court of Auditors |
|---|---|
| Series Title | ECA Special Reports |
| Series Details | No.05, 2015 (April 2015) |
| Publication Date | 28/04/2015 |
| ISBN | 978-92-872-2302-9 |
| ISSN | 1831-0834 |
| Content Type | Policy-making, Report |
|
The European Court of Auditors 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 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. |
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| Source Link | http://dx.publications.europa.eu/10.2865/359246 |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
