| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2011) 408 final (7.7.11) |
| Publication Date | 04/07/2011 |
| Content Type | Policy-making, Report |
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The report provides a general overview of the implementation of the instrument of EU macro-financial assistance (MFA) to third countries in 2010. It describes the overall context in which MFA operations were approved and implemented, includes information on the most recent operations in the countries neighbouring the EU and presents general statistics on the various MFA operations carried over the last ten years. The year 2010 was one of the most active years in the operation of the MFA instrument since the beginning of the decade, reflecting the impact of the global economic crisis and of the slow exit from the crisis for the EU's neighbourhood. It was also the first year of operation of MFA in the new legal environment created by the entry into force of the Lisbon Treaty. The report also contains a section on the operational assessments, Public Expenditure and Financial Accountability (PEFA) studies and ex-post evaluations conducted in countries receiving MFA. The Commission has, since 2004, carried out operational assessments of the financial circuits and procedures related to MFA in each of the recipient countries, in response to the recommendation of the Court of Auditors. The Financial Regulation also requires the Commission to conduct ex-post external evaluations of its programmes. In 2010, the Commission conducted, with the support of consultants, three follow-up operational assessments and one PEFA study in countries of operation. As no MFA operations had been completed in 2009, no ex-post evaluations were initiated in 2010. Finally, the report provides information on new requests for MFA and possible new Commission MFA proposals in the pipeline. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2011:0408:FIN:EN:PDF |
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| Countries / Regions | Eastern Europe, Europe |
