|Author (Corporate)||European Commission: Secretariat General|
|Series Details||COM (2020) 409|
Legislative initiative tabled by the European Commission on 28 May 2020, establishing a Technical Support Instrument (TSI).
The COVID-19 (coronavirus) pandemic later caused substantial impact on socioeconomic realities across the European Union (EU), as well on economic and financial conditions of Member States. The aftermath would require support to public and private investments, but also enhancement of reform efforts to address underlying social and economic weaknesses. It became important to support Member States' efforts by providing them with substantial technical support to strengthen their administrative capacity to prepare and implement reforms.
This Regulation proposes to establish a standalone Technical Support Instrument available to all Member States, as a successor to the Structural Reform Support Programme (SRSP). The draft law was tabled in the framework of the Commission's Recovery Plan for Europe, which included revamped proposals for the Multiannual Financial Framework (MFF) 2021-2027 and a recovery instrument. In parallel to this proposal, the Commission also proposed setting up a Recovery and Resilience Facility (RRF) to respond to the challenges posed by the COVID-19 crisis. The Technical Support Instrument is seen as supporting Member States in the preparation and implementation of recovery and resilience plans under the RRF. For reasons of expediency, the proposal took as a basis a previous initiative establishing a Reform Support Programme (RSP), which has been withdrawn.
The Council of the European Union's committee of representatives adopted a partial position on this draft law on 22 July (as it excludes relating financial elements). The European Parliament's relevant committee adopted a position and mandate for trilogue negotiations on 1 October, which was confirmed by the plenary session on 7 October.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Economic Governance | Situation, EU Budget, Multiannual Financial Framework [MFF]|
|Keywords||COVID-19 (Coronavirus), MFF 2021-2027
|International Organisations||European Union [EU]|