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warning on blending: irresistible! October 22, 2014

Posted by Bradley in : governance , trackback

The EU’s Court of Auditors has warned the new EU Commission about the need to focus on issues of management in blending public and private finance in development assistance in a new report:

The 30 projects examined by the Court were all judged to be relevant for the regions and countries concerned. However, the approval process under‑taken by the Commission was not thorough, and the decisions to award the grants, at a particular level, were frequently not convincingly evidenced. Guidance on what criteria the Commission should use in its decision‑making was also lacking. Once grants were approved, the advance disbursements were unnecessarily high. The Commission’s monitoring did not ensure that the added value of grants was achieved in all cases.

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