1 EIB COFINANCING OF STRUCTURAL FUNDS The role

  • Slides: 8
Download presentation
1

1

EIB COFINANCING OF STRUCTURAL FUNDS The role of the EIB 2

EIB COFINANCING OF STRUCTURAL FUNDS The role of the EIB 2

Partner in strengthening Economic & Social Cohesion • Title XVII of the Treaty :

Partner in strengthening Economic & Social Cohesion • Title XVII of the Treaty : Community actions to strengthen economic and social cohesion are supported through the Structural Funds, the Cohesion Fund and the EIB • Art 267 a) of the Treaty : The Bank shall facilitate the financing of projects for developing lessdeveloped regions in all sectors of the economy • Translated into the Framework regulation N° 1260/99 A priority mission assigned to the Bank 3

Framework Regulation N° 1260/1999 Art. 1 : ‘’The Structural Funds, the EIB and the

Framework Regulation N° 1260/1999 Art. 1 : ‘’The Structural Funds, the EIB and the other existing [EU] financial instruments shall each contribute in appropriate fashion to the attainment of the following three objectives’’ [i. e : Objectives 1, 2 and 3] Art. 10 : ‘’… to maximise the stimulus provided by budget resources…the Community assistance provided in form of grants may be combined … with loans. . This combination may be determined in conjunction with the EIB when the Community support framework … is being drawn up. ’’ Art 15 : ‘’the EIB may be involved in the preparation of the CSF’’ Art. 26 (Major projects) : ‘’The Commission shall appraise the project, consulting the EIB if necessary…’’ Art. 35 : ‘’A representative…of the EIB shall participate in the work of the Monitoring Committee in an advisory capacity’’ A tri-partite collaboration : MS, EC, EIB 4

How it is implemented • EIB participates in the programming phase of the CSF

How it is implemented • EIB participates in the programming phase of the CSF : not to reduce EU grants allocations but to complement them with the objective of optimizing EU intervention by grants and loans • EIB cofinances projects (or groups of projects) with the Structural Funds during CSF implementation • EIB can also finance directly part of the contribution of national/regional authorities in CSF or OP (Programme lending) • EIB appraises, for the benefit of the Commission, projects submitted for grants (major ERDF projects, Cohesion Fund or ISPA projects) A complementary role 5

FINANCING IN CENTRAL EUROPE EUR 19. 7 billion (1990 - 2002) Estonia 250 Latvia

FINANCING IN CENTRAL EUROPE EUR 19. 7 billion (1990 - 2002) Estonia 250 Latvia 331 Lithuania 297 Poland 5991 Slovak Rep. 1337 Czech Rep. 3760 Romania 2724 Hungary 2690 Slovenia 1225 Bulgaria 1076 From transition to pre-accession 6

Cofinancing with the Structural Funds 2000 – 2002 • In the Union : 6.

Cofinancing with the Structural Funds 2000 – 2002 • In the Union : 6. 4 bn • In Candidate Countries : 2. 0 bn Cofinancing in percentage of EIB lending to EU structural actions (average 2000 – 2002) In the Union : 16% In Candidate Countries : 22% Average : 17% Combining grants and loans 7

Projects evaluations for DG REGIO From mid-2000 : • 50 appraisals for Cohesion Fund

Projects evaluations for DG REGIO From mid-2000 : • 50 appraisals for Cohesion Fund projects • 23 for ERDF major projects • 24 for ISPA projects A co-operation agreement signed with DG REGIO 8