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Monday, 07 January 2013

New EU Platform for blending funds in external cooperation

A new EU Platform which will provide recommendations and guidance on the use of blending in the external cooperation of the European Union, to unlock additional public and private resources and thereby increase the impact  of EU external cooperation and development policy.
Blending is a tool which combines EU grants with other public and private sector resources such as loans and equity in order to leverage additional non-grant financing.
The new EU Platform will act as a major forum to build on the experience so far in this area and look at how to improve the quality and efficiency of blending mechanisms, taking due account of the policy frameworks that govern the EU relations with the different partner countries, notably EU Development, Neighbourhood and Enlargement policies.
Since 2007, the European Commission, together with Member States, has set up eight regional blending facilities
The work plan agreed for 2013 includes a review of the existing blending mechanisms and the development of a common results based framework to measure impact.

Source: European Commission