Cohesion policy financial instruments and EU financial interests

This study assess the implementation of financial instrument in Cohesion policy in terms of their economy, efficiency and effectiveness during the 2007-13 programming period.  The study takes stock of existing knowledge on the operation of FIs as reflected in the academic literature and policy documents, as well as undertaking eight case studies. A comparative analysis of the case studies, focusing on the different stages in the lifecycle of FIs, provides the basis on which to draw lessons from the implementation of FIs in 2007-13, highlighting implications for 2014-20.