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With a budget of almost €79.5 billion in 2021 prices, the Global Europe Instrument is the EU's main financing instrument for external action for 2021 to 2027. The European Commission adopted most of the programming documents under the instrument in December 2021, setting out the priorities and budget allocations for EU cooperation with its partner countries and regions. After two years of operations and before the instrument's mid-term evaluation, the Parliament is set to vote in December on a report ...

The original full study reviews transparency rules, guidance, systems and practices in EU NGO grant funding, and to what extent these ensure public transparency. The study also provides an overview of NGO management and decision-making culture, and good practice approaches to NGO regulation. The study makes recommendations to improve public transparency and NGO regulation at EU level, and at the same time improve dialogue between EU institutions and NGOs.

This study has been prepared for the Committee on Budgetary Control. It assesses recent developments in the transparency and accountability of EU NGO funding. The Commission has transitioned all programmes to a single, centralised grant management system that can potentially enhance the public transparency of grant funding significantly. Nevertheless, overall public transparency remains limited. The study recommends a more comprehensive, systematic approach to public transparency involving the Parliament ...

The EU adopted a comprehensive and innovative regulatory framework on markets in crypto-assets (MiCA) in June 2023 that will regulate crypto-asset markets. The regulation focuses on stablecoins, which are crypto-assets promising a 'stable value' against official currencies or values. The MiCA provides for strict transparency and governance rules, on the one hand, and prudential rules as per other financial institutions, on the other. By covering all aspects of the crypto-assets, MiCA is expected ...

The crypto-asset sector, while still relatively new, has already changed the world of payments and investment forever. The fast-changing and volatile nature of the sector and its growing market prominence poses challenges, however, for tax authorities, which are not always able to track the gains made from the trading of crypto-assets. The Commission's proposal to revise the directive on administrative cooperation in the field of taxation ('DAC8') seeks to set up a reporting framework that would ...

The European Parliament set up its Transparency Register in 1995, in response to criticism regarding the transparency and accountability of the EU's decision-making process in the context of widespread lobbying of the EU institutions. The Commission followed suit in 2008. The two institutions merged their instruments in a joint European Transparency Register in 2011 on the basis of an interinstitutional agreement (IIA); the Council remained only an observer at that time. This original Transparency ...

This analysis explores examples of best practices from selected parliaments in the areas of transparency, integrity, accountability and anti-corruption, and reflects on the effectiveness of the analysed approaches and their possible applicability for the European Parliament (EP). Findings confirm the need for the establishment of an independent European Union (EU) ethics body, granted investigative and enforcement powers with full transparency of enquiries, decisions and/or proposals as a pre-condition ...

The Recovery and Resilience Facility (RRF) is the main financing tool of the EU's Recovery Instrument (NextGenerationEU), set up to aid Member States in their post-pandemic recovery. The RRF stands out from other EU programmes not only because of its volume (€723.8 billion, at current prices), amounting to almost 60 % on top of the entire EU multiannual financial framework for 2021-2027, but in its spending model. First, it is implemented under direct management by the Commission, but relies on the ...

The Commission’s reform orientations propose that debt sustainability analysis (DSA) should serve as an anchor in EU fiscal rules. After discussing the main assumptions of DSAs in projecting public debt ratios, we analyse four critical aspects in designing such a reform: making judgement calls with regard to DSA assumptions; ensuring transparency and democratic legitimacy; promoting public investment in the context of climate goals; and tackling cross-border effects of fiscal policy, in particular ...