European Neighbourhood Instrument

24-10-2016

The European Neighbourhood Instrument funds EU efforts to cooperate with and promote development in 16 countries and territories on its eastern and southern frontiers, as part of a European Neighbourhood Policy. The EU hopes that by incentivising reform and economic integration in the EU market, these countries will become more democratic, more prosperous and more stable. As a substitute for pre-accession investment in countries with little or no prospect of accession, auditors and analysts say the policy has had mixed success.

The European Neighbourhood Instrument funds EU efforts to cooperate with and promote development in 16 countries and territories on its eastern and southern frontiers, as part of a European Neighbourhood Policy. The EU hopes that by incentivising reform and economic integration in the EU market, these countries will become more democratic, more prosperous and more stable. As a substitute for pre-accession investment in countries with little or no prospect of accession, auditors and analysts say the policy has had mixed success.