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Financial engineering

In order to make the EU's Cohesion Policy for 2007-13 more efficient and sustainable, and also to help support the Lisbon process, assorted new technical assistance and financial engineering initiatives have been developed since 2006. These are joint instruments supported by the European Commission and a number of partner institutions, among them the EIB, EIF, EBRD, CEB and KfW. These instruments include: JASPERS - 'Joint Assistance in Supporting Projects in European Regions' - to support the preparation of large projects; JEREMIE - 'Joint European Resources for Micro to Medium Enterprises' - to improve access to credit for SMEs and business; JESSICA - 'Joint European Support for Sustainable Investment in City Areas' - to provide sustainable funding for urban development; JASMINE - 'Joint Action to Support Micro-credit Institutions In Europe' - to provide technical assistance support to improve access to micro-credit.

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Financial engineering

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