Summary report on the progress made in financing and implementing financial engineering instruments co-financed by Structural Funds. Programming period 2007-2013 (Situation as at 31 December 2011)
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Financial engineering instruments (FEIs) have become an increasingly important delivery tool of cohesion policy during 2007-2013. In view of this increased importance and of the significant share of cohesion policy resources delivered through these instruments it became necessary to enhance the transparency of the implementation process and ensure appropriate monitoring, by the Member States and by the Commission. Accordingly, Council Regulation (EC) 1083/2006 was modified to provide that annual implementation reports for the years 2011 onwards would include reporting data on the progress made in financing and implementing FEIs as defined in Article 44 of the Regulation.