The European Court of Auditors has issued a highly critical report on the performance instruments introduced under the 2014-2020 cohesion policy, in a report released on Thursday 21 October.
Under the umbrella regulation laying down common provisions between the structural and investment funds 2014-2020, several instruments had been introduced or improved. These included ex-ante conditions to ensure efficient use of funds, and the creation of a performance reserve of 6% of cohesion...