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- Title
The Use of Financial Instruments in European Structural and Investment Funds.
- Authors
Wernerus, Dennis; Rusanescu, Rares
- Abstract
The increasing use of financial instruments (FIs) has been one of the major innovations in European Structural and Investment (ESI) Funds in recent years. Equity, guarantee and loan instruments are more and more used instead of grants to provide public support. This article provides some background information in relation to the difficulties of implementing financial instruments in the programming period 2007-2013. It also assesses to what extent the legal framework for using these instruments in the programming period 2014-2020 may address the weaknesses identified by the European Court of Auditors (ECA or Court).
- Subjects
EUROPEAN Union countries; FINANCIAL instruments; STOCKS (Finance); GUARANTEED investment contracts; LOANS; EUROPEAN Court of Auditors
- Publication
European Structural & Investment Funds Journal, 2014, Vol 2, Issue 3, p192
- ISSN
2196-8268
- Publication type
Article