Making better use of public funding: The role of national promotional banks and institutions in the next EU budget
Financial Instruments (FIs) and budgetary guarantees have witnessed a marked expansion in the last two Multi-Annual Financial Frameworks (MFFs) and they are called to play an even more significant role in the forthcoming MFF. The set-up and implementation of these instruments is an issue for the National Promotional Banks and Institutions (NPBIs).
The role of NPBIs in this field has grown in importance over time and there is also a more explicit recognition of the benefits of involving NPBIs in the implementation of the EU budget. Despite that, there is little information on how exactly NPBIs intervene in the design, management and implementation of EU FIs and guarantees.
Written by Eulalia Rubio, senior research fellow at the Jacques Delors Institute, with the collaboration of Fleurilys Virel and Benedetta Pavesi, this study explores in detail NPBIs’ past experiences in the roll-out and implementation of EU market-based instruments. The main source of information is an on-line survey conducted between December 2017 to February 2018 to a representative sample of European NPBIs. On the basis of the results of the survey, and some in-depth interviews with EU and national experts, the study assesses the Commission’s proposals concerning the next generation of FIs and budgetary guarantees and formulates some recommendations on how to improve the role of NPBIs in the next MFF.