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result(s)

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Policy area
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Date

Guarantee Fund for External Actions

13-12-2018

The Guarantee Fund for External Actions (GFEA) backs loans and loan guarantees granted to non-EU countries, or to finance projects in non-EU countries. Its objectives are to help protect the EU budget against the risks associated with such loans. The main objective of the actions backed by the GFEA is to support the increase of growth and jobs, and to improve the business environment in developing countries by strengthening the involvement of the private sector. The GFEA also contributes to the European ...

The Guarantee Fund for External Actions (GFEA) backs loans and loan guarantees granted to non-EU countries, or to finance projects in non-EU countries. Its objectives are to help protect the EU budget against the risks associated with such loans. The main objective of the actions backed by the GFEA is to support the increase of growth and jobs, and to improve the business environment in developing countries by strengthening the involvement of the private sector. The GFEA also contributes to the European External Investment Plan, which addresses the root causes of migration, the ongoing refugee crisis and security-related issues.

EU pledges further aid to Jordan

19-01-2017

Since 2011, Jordan's economy has suffered from the negative spill-overs of the on-going regional conflicts and the Syrian refugee crisis, weakening the country's fiscal and external financing position. In line with the EU's objective to support the stability and development of Jordan's economy, the European Commission has presented a proposal to grant the country a second package of macro-financial assistance (MFA). Amounting to a maximum of €200 million, the assistance would help the country cover ...

Since 2011, Jordan's economy has suffered from the negative spill-overs of the on-going regional conflicts and the Syrian refugee crisis, weakening the country's fiscal and external financing position. In line with the EU's objective to support the stability and development of Jordan's economy, the European Commission has presented a proposal to grant the country a second package of macro-financial assistance (MFA). Amounting to a maximum of €200 million, the assistance would help the country cover a part of its external financing needs. The first MFA package, worth €180 million, was approved in 2013 and fully disbursed in 2015. In addition to the significant resources mobilised by the multilateral and bilateral donors, this second MFA, adopted in December 2016, will, by strengthening the economy, contribute to Jordan's overall stability, which is a high priority for the EU. The Commission will, if appropriate, put forward a new proposal in 2017 to extend and increase this MFA to Jordan. EU aid will complement the International Monetary Fund's new programme of about US$723 million, focusing on the country’s economic and financial reform programme. Third edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure. To view earlier editions of this briefing, please see: PE 593.537, November 2016.

The Implications of EIB and EBRD Co-Financing for the EU Budget

16-03-2011

Recent years have seen the growth of a number of EU co-financing instruments designed to enhance the leverage of the EU budget by working more closely with the European Investment Bank and the European Bank for Reconstruction and Development. However, the growth of such instruments raises potential concerns in relation to financial control and liability, in relation to governance, transparency and visibility and in relation to the extent to which such activity helps the deliverability of EU objectives ...

Recent years have seen the growth of a number of EU co-financing instruments designed to enhance the leverage of the EU budget by working more closely with the European Investment Bank and the European Bank for Reconstruction and Development. However, the growth of such instruments raises potential concerns in relation to financial control and liability, in relation to governance, transparency and visibility and in relation to the extent to which such activity helps the deliverability of EU objectives.

External author

Nick Robinson (School of Politics and international Studies, University of Leeds, UK) and Robert Bain (RBconsult Ltd, Weald, Kent, UK)

European Financial Stabilisation Mechanism

15-06-2010

This note describes the budgetary and institutional aspects of the EUR 60 billion European financial stabilisation mechanism, which forms part of the EUR 750 billion package of measures designed to preserve financial stability in Europe adopted on 9 May 2010.

This note describes the budgetary and institutional aspects of the EUR 60 billion European financial stabilisation mechanism, which forms part of the EUR 750 billion package of measures designed to preserve financial stability in Europe adopted on 9 May 2010.

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