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Abstract

The series of Member State events on financial instruments delivering ESI Funds continued with an event in Madrid on 18 November 2015. A total of 25 such national events in nearly all Member States are planned for the next five months.

The seminar aimed to:

  • provide ministries, managing authorities and other relevant ESIF stakeholders from the public and private sectors with an opportunity to learn more about the advantages, features and suitability of financial instruments in delivering ESIF 2014-2020 objectives with a specific focus on the thematic priorities of Spain;
  • provide an opportunity to learn about and discuss in depth the technical challenges that the stakeholders are facing with regard to the design and set up of financial instruments; and
  • offer support for Member States and managing authorities by introducing relevant fi-compass learning material.

The seminar in Madrid featured case studies on financial instruments; the opportunities offered by the 2014-2020 regulatory framework; and the advisory products issued by fi-compass to support the design and set-up of financial instruments. In addition, two hands-on oriented workshops were conducted with participants.

The final agenda

Photo library

Event Video

Financial Instruments delivering ESI Funds, Madrid, 18 November 2015

Picture: Guadalupe de la Mata, EIF; Pilar Duran Solano, Ministry of Finance and Public Administration, Spain

On 18 November 2015, financial instruments delivering ESI Funds were discussed at a seminar in Madrid, Spain. This seminar was part of a series of seminars which will be conducted in 25 EU Member States into 2016.

The Madrid seminar hosted over 100 people, including representatives from managing authorities as well as from the banking and consultancy sectors.

The seminar was opened with a speech by Mr. Anatolio Alonso Pardo, Deputy Director General at the Spanish Ministry of Finance and Public Administration, who gave an overview of the state of play of financial instruments in Spain in the 2014-2020 programming period. Following the opening speech, three case studies were presented, illustrating practical experience with financial instruments using ERDF and EAFRD co-financing in Spain and Romania.

Picture: Ricardo Pinheiro, European Commission, DG REGIO

The European Commission’s Directorates-General for Regional and Urban Policies (REGIO), Employment, Social Affairs and Inclusion (EMPL), as well as Maritime Affairs and Fisheries (MARE) jointly presented key novelties and official guidance concerning ESIF financial instruments. This was followed by the presentation of Patricia Llopis from the European Investment Bank, who illustrated how fi-compass can help Member States to advance with financial instruments. After this fruitful morning session, the afternoon featured two parallel workshops, which focused on hands-on work following the life cycle of financial instruments with particular emphasis on the design phase. Participants actively discussed the various design aspects with local and national peers, as well as with experts from the fi-compass platform, the European Commission and the European Investment Bank.

Picture: Event participants

Picture: Event participants

The seminar’s presentations, discussions and workshops showed that the revolving aspect of financial instruments was well appreciated by participating stakeholders, and that implementers of financial instruments in Spain can greatly benefit from guidance on how to design and set up such instruments. The three accounts of practical experience highlighted the need for close cooperation between managing authorities and their financial partners. Discussions showed that although implementing financial instruments can be complex at times, guidance, such as that provided by fi-compass, is very helpful. As a result, many of the printed fi-compass publications that were made available for participants to take with them were so popular that all the stocks were used up.

Financial Instruments delivering ESI Funds, Madrid, 18 November 2015

Title Speakers
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Multiproduct Urban Development Fund under JESSICA Andalucía

Javier Zabala, Partner, GED Capital, Spain

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SME loans under JEREMIE Extremadura

Guadalupe de la Mata, European Investment Fund
Pilar Durán Solano, Ministry of Finance and Public Administration, Extremadura

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Guarantees for Agriculture and rural SMEs under the EAFRD

Adela Stefan, Ministry of Agriculture and Rural Development, Romania

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Financial instruments - opportunities offered by the 2014-2020 framework

Ricardo Pinheiro, European Commission, DG REGIO
Francisco Gonzalez-Blanch, European Commission, DG EMPL
Miguel Peña Castellot, European Commission, DG MARE

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fi-compass advisory support

Patricia Llopis, European Investment Bank