Proposal for a Regulation on the establishment of the Reform Support Programme

Author (Corporate)
Series Title
Series Details (2018) 391 final
Publication Date 31/05/2018
Content Type

Summary:

The European Commission adopted on 31 May 2018 a proposal setting up the Reform Support Programme (RSP), which aims to provide financial and technical support to Member States pursuing and implementing reforms aimed at modernising their economies, notably reform priorities identified in the context of the European Semester.

Further information:

The proposed RSP includes three separate complementary instruments:

+ The reform delivery tool, in the form of a financial support instrument;
+ A follow-up programme to the SRSP, in the form of a technical support instrument;
+ a convergence facility, to provide specific support to non-Eurozone Member States.

The Programme thus aims to support Member-State governments and public authorities, upon their request for technical support or upon their submission of proposals for reform commitments, in their efforts to design and implement growth-sustaining structural reforms.

The Reform Support Programme is to have an overall budget of €25 billion and intends to support reform efforts in areas such as product and labour markets, education, tax systems, capital markets, business environment as well as investment in human capital and public administration reforms.

The proposal was put forward in the framework of the discussions on the Multiannual Financial Framework (MFF) for the period 2021-2027. It is also part of the process to strengthen and deepen the EU's Economic and Monetary Union.

Source Link https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:391:FIN
Related Link(s)
European Commission: Press Release, 31.05.18: A Reform Support Programme and an Investment Stabilisation Function to strengthen Europe's Economic and Monetary Union http://europa.eu/rapid/press-release_IP-18-3972_en.htm
European Commission: Fact Sheet: The Reform Support Programme and the European Investment Stabilisation Function explained http://europa.eu/rapid/press-release_MEMO-18-3971_en.htm
European Commission: Commissioner Moscovici's remarks on proposals for a Reform Support Programme and an Investment Stabilisation Function http://europa.eu/rapid/press-release_SPEECH-18-4005_en.htm
European Commission: Vice-President Valdis Dombrovskis' remarks at the press conference on the Economic and Monetary Union programmes http://europa.eu/rapid/press-release_SPEECH-18-4004_en.htm
EP: EPRS: Briefing: EU Legislation in Progress, July 2018 (and periodically updated): Reform Support Programme 2021-2027 http://www.europarl.europa.eu/RegData/etudes/BRIE/2018/625150/EPRS_BRI(2018)625150_EN.pdf
EUR-Lex: SWD(2018)310: Impact assessment https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2018:310:FIN
EUR-Lex: SWD(2018)311: Executive summary of the impact assessment https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2018:311:FIN

Subject Categories
Countries / Regions