Commission staff working document: Financial Instruments in Cohesion Policy
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This paper outlines the role and added value of financial instruments in cohesion policy. It gives an overview of the main difficulties encountered and also presents the actions taken to address these challenges, such as the amendments to the legislation and guidance provided by the Commission to the Member States during the current programming period. It analyses the extent and adequacy of measures to be taken in view of the foreseen wider application of financial instruments and outlines the Commission's proposals for the legislative framework for financial instruments for the 2014-2020 programming period.