The contribution of the Fund for European Aid to the Most Deprived (FEAD) to poverty reduction “is not yet established”, according to a report by the European Court of Auditors, published on Wednesday 3 April.
For auditors, FEAD is certainly a “useful” instrument, particularly in providing food aid to the most deprived (83% of funding was earmarked under Operational Programme I) in addition to national and private aid, but does not seem to contribute to other EU initiatives, in...