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services on financial instruments under the
fi-compass is a unique platform for advisory
for Employment and Social Innovation (EaSI).
European Structural and Investment Funds
(ESIF) and microfinance under the Programme
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be an important tool for boosting EU agriculture.
Investments, in a variety of forms, will help create a modern, dynamic agri-food
sector to create jobs and enhance growth in the EU. Financial Instruments will


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Title Term Definition
Pari Passu

Situation where a transaction is made under the exact same terms and conditions by public and private investors, with private investor contribution which has economic significance and with simultaneous interventions by both types of investors.

Preferential investor treatment

Term used to describe situations when the public sector is not treated pari passu because the private sector (e.g. commercial banks, private investors) is treated preferentially. That means that public sector funds are in a lower class in terms of repayment rights.The opposite of preferential investor/private sector treatment is pari passu treatment.

Private equity

Investment of equity capital in firms not quoted on a stock market. Venture capital is strictly speaking a subset of private equity, which also includes replacement capital and buyouts.

Proportionality principle

The proportionality principle means that, to achieve its aims, the EU will only take the action it needs to and no more. The principle is enshrined in the Community Treaty under Article 5, which states: "The Community shall act within the limits of the powers conferred upon it by this Treaty and of the objectives assigned to it therein."
This approach to responsibility and decision-making is applied as part of Cohesion Policy. It reduce the level of bureaucracy facing those administering Operational Programmes by streamlining rules and regulations.

Public Private Partnerships (PPPs)

Forms of cooperation between public bodies and the private sector, which aim to improve the delivery of investments in infrastructure projects or other types of operations, delivering public services through risk sharing, pooling of private sector expertise or additional sources of capital.

Public procurement

Public procurement refers to contracts covering supplies, services and works purchased by the public sector. Public procurement is subject to EU and international rules, although not all public procurement is subject to these obligations. Under these rules public sector procurement must follow transparent open procedures, ensuring fair conditions of competition for suppliers.

Public procurement rules

Rules governing the award of contracts by public administration. The principles of Public procurement Directive that Member States must transpose into national law are also applicable to the contracts of the Community institutions.