The Commission welcomes the political agreement reached last night between the European Parliament and EU Member States in the Council on the Common Provisions Regulation (CPR) for shared management funds, including for the EU cohesion policy funds. This is the second file related to cohesion policy whose trilogue negotiations are concluded pending the final approval of the legal texts by the European Parliament Plenary and the Council. Commissioner for Cohesion and Reforms, Elisa Ferreira, said: “I welcome the political agreement on the Common Provisions Regulation that sets out common provisions for eight shared management funds. Europeans everywhere are counting on almost 350 billion euro of cohesion policy resources to be directed as soon as possible to ensure a fair, cohesive and convergent recovery. The political agreement reached confirms that all the ‘cohesion institutional actors' have done their part to ensure that cohesion policy funding can be disbursed on time."