Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-247-000"

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"en.20111201.35.4-247-000"2
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"We voted on the proposal for an amendment to Council Regulation (EC) No 1083/2006 on Structural Funds in order to add a general definition of repayable assistance to the regulation. The regulation does not, in fact, provide a definition of assistance as either repayable or non-repayable, and Article 44 only contains provisions for ‘financial engineering instruments’. Member States in any case continued to use forms of repayable assistance based on the positive experience of the past programming period. The definition of ‘repayable assistance’ includes reimbursable grants (totally or partially reimbursable without interest) and credit lines managed by the managing authority through intermediate bodies (public financial institutions). In view of the growing use on the ground of financial engineering instruments as defined in Article 44, and given that the Commission currently only has limited information about such instruments, it seemed appropriate to amend the regulation to ensure that Member States and the Commission can monitor these forms of repayable assistance correctly and inform the Commission about them."@en1

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