Financial Instruments: defining the rationale for triggering their use

16-10-2017

The use of financial instruments within the EU budget is becoming more and more common. The present study first revises key concepts in determining the use of those instruments, before providing an analysis of the functioning and consistency of the ex-ante assessments, which are required by regulation to help identify the rationale and scope for financial instruments. It offers recommendations to improve the ex-ante assessment process and on the use of these instruments across the EU.

The use of financial instruments within the EU budget is becoming more and more common. The present study first revises key concepts in determining the use of those instruments, before providing an analysis of the functioning and consistency of the ex-ante assessments, which are required by regulation to help identify the rationale and scope for financial instruments. It offers recommendations to improve the ex-ante assessment process and on the use of these instruments across the EU.

External author

Jorge Núñez Ferrer, Senior Research Fellow, CEPS David Rinaldi, Associate Research Fellow, CEPS Apostolos Thomadakis, ECMI Researcher, CEPS Roberto Musmeci, Research Assistant, CEPS Martin Nesbit, Senior Fellow, IEEP Kamila Paquel, Senior Policy Analyst, IEEP Andrea Illes, Policy Analyst, IEEP Katharina Ehrhart, Researcher, LSE Enterprise