The European Union is the world’s biggest donor, providing more than half of all development aid worldwide. However, in order to cooperate with the EU successfully and to benefit from the funds, beneficiaries have to comply with a multitude of accounting regulations of projects financed by the EU. EU financing instruments such as the Instrument for Pre-Accession Assistance (IPA), the European Neighbourhood and Partnership Instrument (ENI) and the Financing instrument for Development Cooperation (DCI) necessitate extensive reporting and a strictly result based management approach on the side of beneficiaries to comply with all rules and prevent the withdrawal of funding.
The current Programming Period 2014-2020 holds lots of opportunities to fund innovative ideas and projects. The architecture of European Funds and direct grants continues to offer a wide range of funding opportunities in the Member States. However, funding is often not used as effectively as possible or it may be denied due to lack of knowledge or poor planning. Although the numerous programmes and initiatives have different features, the development and implementation of projects in practice follow common rules.
The European Union (EU) and its Member States are the world’s biggest donors, providing more than half of all development and humanitarian aid worldwide. However, in order to cooperate successfully with the EU and to benefit from the external cooperation funds, beneficiaries have to follow a multitude of administrative regulations and fulfil all external audit requirements.
The European Union is striving for energy independence. As a consequence, increasingly more money gets allocated to the funding and financing of private and public energy projects in Europe and beyond.
The competitive dialogue and the competitive procedure with negotiation as compared to the open or restricted procedures can be advantageous tools to purchase complex contracts: they make it possible for public buyers to refine requirements, develop a detailed evaluation matrix and purchase works, services, and goods (e.g. research products) tailored to their needs and budgetary constraints.
During the public procurement process a contracting authority puts a lot of time and effort into identifying reliable business partners, negotiating favourable terms, and ensuring a strong basis for the award decision. Despite the best preparations, however, existing contracts often require amendments.
Fighting poverty and accelerating development is possible through rural electrification
The new EU Directives on Public Procurement implicate a number of modifications and bring in some significant changes, particularly to the range of contracts subject to the EU public procurement regime.
Providing more than half of all development aid worldwide, the European Union (EU) and its Member States are the world’s biggest donors. In order to successfully cooperate with the EU and to benefit from the external cooperation funds, beneficiaries have to comply with a multitude of accounting regulations for projects financed by the EU.
Fraud and corruption in the public sector heavily harm the economy, lower investment levels and reduce public finances. Anti-fraud and anti-corruption strategies are often not effective enough and damages done to public institutions and their budgets by fraud and corruption can be enormous ranging from financial loss to reduction of organisational performance, reputation, credibility and public confidence.