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Reform of the Guarantee Fund for External Actions

Summary

The proposal aims to transfer the management of the Guarantee Fund from the EIB to the European Commission to increase efficiency and transparency. It also introduces new income sources and stricter reporting rules.
10 19.03.2018
Other
finance
european union
administrative reform
international relations
public finance and budget policy

Key points

  • The management of the Fund is to be transferred from the EIB to the European Commission.
  • This transfer aims to achieve cost savings for the Union budget through streamlined asset management.
  • New sources of income, such as risk premium revenues, will be added to the fund.
  • Surplus amounts exceeding a specific threshold should be returned to the general EU budget.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EC, Euratom) No 480/2009 establishing a Guarantee Fund for external actions Guarantee Fund for external actions ***I
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