The effectiveness of blending regional investment facility grants with financial institution loans to support EU external policies : pursuant to Article 287(4), second subparagraph, TFEU / European Court of Auditors.

Luxembourg : Publications Office of the European Union, 2014.

45 pages : color illustrations, color maps ; 30 cm.

"The Commission and the Member States have set up eight regional investment facilities to support EU external policies. These investment facilities aim at pooling together (blending) grants provided by the European Commission with loans from financial institutions. They contribute to finance key infrastructure projects that require considerable financial resources. The Court examined the effectivesness of blending EU grants with loans from financial institutions. The Court concludes that this blending has been generally effective. The regional investment facilities were well set up but the potential benefits of blending were not fully realised. The Court makes a number of recommendations for the Commission that concern project selection and grant approval, disbursement of funds, monitoring of the implementation of EU grants, and enhancing the visibility of EU aid" -- Back cover.

Also available on the World Wide Web.

English

April 24, 2015

Includes bibliographical references.

European Court of Auditors, issuing body.