1. Financial Instruments

2. The ENPI
The EU has a coherent European Neighbourhood Policy to direct relations with its eastern and southern neighbours.
A Strategic Partnership based on four Common Spaces is the framework for relations with Russia, which is not part of the ENP.
Since January 2007, Commission programmes that run under the ENP and the Strategic Partnership have been implemented mainly through a common financial instrument: the ENPI (European Neighbourhood and Partnership Instrument).

3. What is an ENPI?
A new framework for planning and delivering EU assistance:
To make EU assistance more effective
To support the ENP priorities
To promote cooperation between EU member states and partner (neighbor) countries

4. What is an ENPI? Programming Process
Strategy Papers
Indicative Programmes
Action Progr. / CBC Joint Progr.
Analysis of the situation
Response strategy
Priority sectors
7 years
Revised at mid-term
Normally attached to Strategy Papers
Set global and per priority allocations
Cover 3-4 years
Annual
Describe projects identified for financing
Lead to EC decision & commitments of funds

5. The ENPI Financial Instrument
The ENPI is a „simplification” of existing instruments:
replaces existing instruments for external policies (geographic and thematic)
is one of the three major geographical financial instruments of EU external policies in the financial perspective
replaces Tacis
all partners are eligible for support
focus on supporting the implementation of the ENP Action Plans
support through:
Country programmes
Multi-country programmes
Thematic programmes
Cross border co-operation programmes
Trans-regional programmes involving Member States

6. The ENPI Financial Instrument
The ENPI supports:
Sustainable development
Fighting poverty
Measures leading to progressive participation in the EU’s internal market
Legislative approximation
Regulatory convergence
Institution building

7. The ENPI Financial Instrument
The ENPI Financial Support :
Almost €12bn (+32% increase in „real terms”)
Much more flexible, policy-driven instrument
Supporting priorities agreed in the ENP Action Plans
Simplified approach for cross-border co-operation
Technical assistance: institutional capacity-building
Plus increased EIB lending mandate: €12,4 bn (€8,7 bn for Mediterranean and €3,7 billion for Eastern Europe / Southern Caucasus / Russia)

8. The ENPI Financial Instrument
The ENPI regulation:
Proposed by the Commission, amended by the EP and adopted by the Council
Large scope of assistance including development of civil society and NGOs
Different types of programmes: Country, Multi- Country („trans-regional”) and Cross Border
Strong emphasis on CB programmes (new!)
Various types of beneficiaries: NGOs included
Easy access to financial intermediaries and international organizations (EIB, WB, UN, etc)
Various types of measures : twinning, sector budgetary support, micro-projects (credible?)
Financing of projects involving countries not covered by the ENP (projects of global, regional or CBC nature)

9. Potential Sources of ENPI Financing
Bilateral (Main bulk of ENPI funding)
Regional
ENPI South
ENPI East
Interregional -NIF -TAIEX
Cross Border
Thematic Programmes (governed under DCI)
COFINANCING Member States, IFIs, Partner Countries
Programmes

10. Modification in Financing of the Eastern Partnership by the EU in the New Budget Perspective
From 2014 the ENPI have beeb replaced with the European Naighbourhood Instrument (ENI) which has become the main source of financing the EP. It is expected that the value of assistance funds will be increased by 40%, ie. to mount of 18,2 billion €.

11. CONCLUSIONS
The result of ENP is the long term goal of the initiatives is to move towards an arrangement whereby the Union’s relations with the neighbouring countries ultimately resemble the close political and economic links currently enjoyed with the European Economic Area.