The European Commission Has Adopted A Framework To Improve The Efficiency Of Financial Assistance To Third Countries.

The European Commission adopted a 4 day plan to accelerate the implementation of a third country that is in financial difficulties. Macro finance The regulatory framework of the aid programme.

According to the statement issued by the European Commission on the same day, the framework provides a faster and more effective financial aid by establishing basic rules and regulations for macro financial assistance and speeding up the decision-making process of individual aid actions.

EU economic and Monetary Affairs Commissioner Ryan said that the EU's macro financial assistance has made great contributions to the stability of EU candidate countries, potential candidates and neighboring countries, and also has a spillover effect on the EU economy. Therefore, it is very important to strengthen aid actions and improve their efficiency.

Since the start of the aid operation in 1990, the EU has made 55 aid decisions for 23 countries, with a commitment of up to 7 billion 400 million euros. However, with the advance of time, some problems are gradually exposed. For example, the current financial assistance is based on a case by case legal decision procedure, namely, for each recipient country. Assistance Programme To make a separate decision-making process, and under the Lisbon treaty, each decision needs to be approved by the Council of the European Union and the European Parliament, which seriously reduces the speed and efficiency of aid.

The new regulatory framework has placed the aid decision-making power under the name of the European Commission and established a monitoring committee composed of representatives of Member States to supervise the decision-making process, thereby speeding up the decision-making process and enabling recipient countries to withstand short-term externally. financial risk 。

The new framework needs to be approved by the Council of the European Union and the European Parliament. Eligible countries include the EU's candidate countries, potential candidates, and the countries involved in the good neighbourly policy of Europe.