Meeting of European Development Banks in Prague

8. 12. 2016 | Source: Czech-Moravian Guarantee and Development Bank

motiv článku - Meeting of European Development Banks in Prague After two years, the Czech-Moravian Guarantee and Development Bank once again hosted the workshop and permanent working group meeting of the Network of European Financial Institutions for SME support (NEFI), held in Prague on the 1st and 2nd of December, 2016. The discussion focused in particular on the topic of financial instruments.

At the two-day meeting opened by the CEO Mr. Jiří Jirásek participated members from 13 European countries. Meeting participants were mutually sharing their experiences with the preparation of financial instruments financed by the European structural and investment funds. The discussion showed that the implementation of structural funds is much more complicated than the implementation of instruments co-financed in the frame of the so-called “Investment plan for Europe”.

However, despite the difficulties associated with the set-up of procedural rules a number of countries have already successfully utilized funds allocated to the programming period of 2014-2020 through the implementation of financial instruments. The largest share (10%) of them on structural funds utilization is assumed to be in Hungary.

Next NEFI members' meeting is going to take place in February 2017 in Brussels, this time hosted by the German KfW.

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