A new guidance note has been published by the European Commission about financial instruments using the European Structural & Investment Funds (ESIF).
The European Commission has adopted two new 'off-the-shelf' financial instruments for investments using the European Structural and Investment (ESI) Funds: the Co-investment Facility and the Urban Development Fund.
Financial instruments can be used to implement the European Maritime and Fisheries Fund (EMFF) including supporting sustainable development of fishery and aquaculture areas, aquaculture and processing, and Integrated Maritime Policy, among others. Whilst such opportunities are available throughout EU fishery areas, the fi-compass EMFF scoping study highlights that lack of knowledge about revolving funds within EMFF managing authorities can limit the launch of more financial instruments for fisheries.
Two macro-regional seminars were organised by fi-compass to raise awareness about opportunities for using financial instruments supported by the European Agricultural Fund for Rural Development (EAFRD). The events were titled ‘EAFRD financial instruments for agriculture and rural development in 2014-2020’ and took place in Madrid on 31 May and in Rome on 13 June 2016.
A new fi-compass publication has been launched featuring advice about developing financial instruments for the European Agricultural Fund for Rural Development (EAFRD). Entitled 'Methodological handbook for implementing an ex-ante assessment of agriculture financial instruments under the EAFRD', the new publication provides a planning framework for managing authorities interested in using EAFRD financial instruments.
A new advisory publication has been released by fi-compass which explains the role that financial instruments for social enterprises can play in supporting Member States’ objectives for inclusion and employment. This factsheet, titled ‘Financial instruments working with social entrepreneurship’, is now available for downloading and sharing via the fi-compass website.
Financial instruments continue to be at the forefront of European Structural and Investment Funds (ESIF) policy developments. A new Communication from the European Commission on 'Taking stock of the Investment Plan for Europe and next steps' confirms a growing emphasis on using more ESIF financial instruments to deliver the EU’s Cohesion policy.
Previous news stories from fi-compass have highlighted the use of financial instruments from the European Structural and Investment Funds (ESI Funds) in combination with complementary instruments from the European Fund for Strategic Investments (EFSI). News about the European Commission’s guidelines on combining ESIF and EFSI have also been featured for fi-compass stakeholders. A summary of these guidelines is available in 23 EU languages. They explain that EFSI can invest side-by-side with ESI Funds in Member States to help mobilise large financial volumes to generate growth and create jobs.
The annual Microfinance Centre (MFC) Conference is a key international event for microfinance stakeholders and this year the MFC Conference is taking place in Albania. Support from fi-compass EaSI TA will be involved at the event which is taking place in Tirana from 22-24 June.
European Microfinance Network Annual Conference: ‘Shaping European Microfinance: Who, What, and For Whom?’
The European Microfinance Network (EMN) will hold its 13th Annual Conference in Warsaw (Poland) on the 16th and 17th June 2016. It is the conference for stakeholders of the European microfinance sector and about 250 delegates are expected to attend, including EMN member organisations, experts, and representatives from other institutions active in the microfinance sector.