special report manag control interest prate subsidi commiss commiss repli submit pursuant articl subparagraph ec tabl content gt tabl gt introduct commiss grant aid form interest prate subsidi consider leverag effect financi instrument thought theori prepay aid intend promot signific amount invest compar low cost budget tabl practic interest prate subsidi accompani loan loan concern grant commiss bank european invest bank eib administ subsidi commiss agent madeira ireland purpos report methodolog commiss allow deleg manag interest prate subsidi major measur account approxim half indic volum tabl virtu articl treati establish european commun respons implement gener budget expenditur remain unchang true implement european coal steel commun ecsc european develop fund edf oper budget purpos report evalu extent commiss discharg respons carri control enabl draw reliabl account ensur legal regular underli transact evalu effect subsidi court examin procedur appli relev commiss depart manag control interest prate subsidi number measur form interest prate subsidi subject specif audit court report tabl horizont approach adopt report focus aspect common measur type tabl financi data measur consist interest prate subsidi gt tabl gt tabl summari court latest observ measur consist interest prate subsidi gt tabl gt audit field aid examin compris interest prate subsidi financ gener budget gb european union ecsc oper budget edf major measur concern origin council decis measur relat pmember countri gener includ agreement convent protocol conclud principl underli type aid reduc financi burden term interest payabl loan contract beneficiari pai part interest behalf refund form interest prate subsidi dealt report inter alia major relat measur separ budget head includ indiscrimin type subsidi budget paid nation bodi structur fund erdf quot quasi psubsidi quot paid basi loan contract beneficiari form subsidi characterist measur tabl set aid measur form interest subsidi categoris aim object condit elig criteria divers common characterist diverg econom context oper reason method calcul payment entri account vari wide measur interest prate subsidi show signific similar paid connect edf mediterranean countri malta cypru slovenia annual subsidi rate rang subsidis amount loan case period rang year entir life loan tran peuropean network constitut special case subsidi amount interest payabl year paragraph financi data relat measur compris interest prate subsidi summaris tabl set temporari facil sme interest prate subsidi accompani loan grant small medium psize enterpris sme eib temporari lend facil intend increas competit european sme encourag creat job subsidi amount annum year loan minimum year cover invest ceil subsidi ecu job creat tabl classif object measur consist interest prate subsidi gt tabl gt subsidi articl ecsc treati convers subsidi grant articl treati establish ecsc intend enterpris locat ecsc region make job pcreation invest recent year subsidi amount annum year maximum amount payabl limit ecu job creat ecsc treati expir final commit amount ecu million respect measur enter commiss make payment cancel recoveri relat past commit balanc amount ecu million decemb court recent year formul observ measur nci eib earthquak loan subsidi alloc region affect earthquak itali greec intend reconstruct mean product econom social infrastructur area amount annum life loan year averag paid eib half pyearli basi commiss addit reduc prate interest payabl beneficiari court recent year formul observ measur reconstruct madeira loan reconstruct region stricken cyclon hit madeira octob intend allevi cyclon effect popul econom social pbe financ project road infrastructur improv embank water distribut hydroelectr power hous carri onward relat subsidi amount annum year programm peac ireland measur provid commun initi relat quot programm special support peac reconcili northern ireland border counti ireland quot measur compris interest prate subsidi specif intend encourag product invest creat safeguard job number job creat safeguard basi calcul subsidi amount annum annum tran peuropean network report adopt interest prate subsidi compon commun aid respect tran peuropean network ten repres minor proport type subsidi provid measur aim increas interconnect interoper nation transport network broaden access interest paid beneficiari year loan cover subsidi provid exce project total cost eea financi mechan commiss annual contribut financi mechan european econom area eea pfm account approxim receipt correspond contribut paid austria finland sweden countri member state contribut paid eu eea pfm pai subsidi interest prate subsidi order reduc econom social dispar region eu project implement greec ireland portug region spain elig prioriti field environ transport educ train subsidi amount annum maximum year loan paid total present amount subsidi withdrawn eib eea pfm current account open bank eib pai amount beneficiari pai bank interest full rate retain case borrow pai interest reduc rate sixth seventh edf interest prate subsidi includ sixth seventh european develop fund compris form aid provid fund purpos assist develop african caribbean pacif acp countri oversea countri territori oct prioriti financ product project programm industri agroindustri tourism mine energi transport telecommun link sector rate subsidi principl life loan adjust interest rate paid borrow amount borrow frequent intermediari central bank specialist bodi lend final beneficiari rate higher light currenc loan amount paid commiss eib correspond present total subsidi due futur interest matur date loan concern portion relat subsequ financi year edf financi statement cash paccount system commiss decid financi cooper mediterranean countri cypru malta slovenia interest prate subsidi provid financi cooper respect mediterranean pmember countri mnc protocol relat financi technic cooper conclud commun southern mediterranean countri smc financi technic measur support reform econom social structur framework euro pmediterranean partnership meda replac mnc smc januari financi protocol conclud commun malta cypru slovenia case edf paid enter account present basi observ manag entri account control interest prate subsidi tabl set measur manag eib comment paragraph appli subsidi eib act commiss agent amount receiv beneficiari amount aid receiv final beneficiari determin behaviour financi intermediari retain part subsidi manipul level interest rate featur loan propos fee exchang rate date risk intermediari remuner exce stipul aid intend beneficiari reduc proportion contravent regul commiss deleg manag interest subsidi check term govern loan case paid financi intermediari gener possess inform need purpos fact interest prate subsidi paid member bank system restrict number intermediari select eib affect competit sector case loan directli back pto pback borrow spread rate check case ecsc loan benefit commiss gain capac pclass borrow includ case obtain advantag refinanc oper pass borrow eib enjoi margin loan grant borrow subject audit court provis made contract term adjust enabl borrow benefit advantag term event market condit improv loan financ eib resourc rate loan compar market eib enjoi special privileg monopoli alloc subsidi competit mechan guarante margin accord regul laid statut matter bear volum administr expenditur reinvoic eib respect manag oper mandat behalf commiss observ made regard court annual report financi year paragraph paragraph elig follow pup project entrust eib select project subsidis loan grant check project elig task entrust eib commiss occas knowledg project final beneficiari face fait accompli decis grant subsidi commiss basi inform provid eib practic involv commiss rubbber pstamp propos submit eib similarli commiss receiv report eib progress invest case analys commiss interest document believ unnecessari repeat work eib main risk connect oper loan recov matter meticul monitor eib lastli cost budget case low case subsidi accompani costli measur effect subsidi case measur subsidi rate bear direct relat market rate vari greatli time countri concern base analysi determin threshold subsidi effect measur involv concern object defin extrem gener manner case absenc cost object difficult evalu extent object achiev practic commiss content draw list project implement sum spent gener court believ high utilis rate synonym effect fact success effect type aid depend inter alia appeal final beneficiari attract financi intermediari promot aid light interest attract worthwhil custom develop loyalti exist custom conflict necessarili eu object regard measur conceiv specif creat job tf sme articl ecsc treati number job creat criterion judg effici commiss present result statist term analys causal connect job creat subsidi paid court carri audit measur premis beneficiari conclud subsidi real impact windfal beneficiari virtu invest job creation receiv commun aid invest made reason unconnect measur entri subsidi account measur commiss enter subsidi pai eib account check relat calcul subsidi concern paid advanc calcul present term court examin file commiss found sign check carri sum record case gener budget edf situat ecsc oper budget expenditur interest prate subsidi enter account time respect commit enter respect payment made amount paid eib correspond total sum present subsidi respect loan last year paragraph bank enter portion relat subsequ financi year liabil long hold portion subsidi receiv advanc amount ecu million decemb requir pai part back ec edf event earli repay loan hand ec edf sort indic denot claim forecast claim requir focu attent subsidi paid amount enter asset side ec edf balanc sheet connect tf sme problem subsidi paid global advanc ecu million basic reason budgetari avail paid beneficiari eib ecu million time lag involv discern eu financi statement decemb subsidi paid beneficiari amount ecu million addit interest earn gener fund held current account eib ecu million establish budgetari revenu regard nci earthquak loan madeira subsidi paid interest matur date cash paccount system accru interest prate subsidi due enter account unaccru amount paid date amount ecu million nci earthquak loan ecu million madeira decemb shown balanc sheet preced paragraph show econom situat present account wai depend technic set pup oper difficult gain understand situat examin financi statement conclus sound financi manag subsidi commiss ensur intermediari receiv unreason level remuner financi institut favour competitor select satisfactorili transpar equit manner evalu effici measur rate achiev set object paragraph determin real impact subsidi paragraph harmonis entri interest prate subsidi account contain eu edf financi statement improv provid clearer pictur accompani comprehens inform paragraph commiss check calcul verifi appropri discount rate appli paragraph eib involv distribut subsidi tabl commiss carri control reli excess agent deleg manag tantamount deleg respons commiss ensur amount subsidi correspond aid receiv final beneficiari net stipul margin paragraph ensur systemat basi plan invest elig beneficiari meet requisit condit paragraph ensur good time invest made made line estim paragraph set problem requir horizont treatment commiss introduc centralis control financi manag interest prate subsidi bank ptype instrument gener ensur greater homogen manag instrument involv present financi statement facilit relat eib limit number commiss staff involv deal eib increas control manag bank left exercis commiss behalf report adopt court auditor luxembourg court meet june court auditor absenc jan karlsson presid court bernhard friedmann act presid council decis ec april provis commun interest subsidi loan small medium psize enterpris extend european invest bank temporari lend facil oj articl treati establish european coal steel commun ecsc court annual report ecsc financi year oj oj oj council decis eec januari commun aid grant except reconstruct region affect italian earthquak novemb oj council decis eec decemb commun aid grant except reconstruct region affect greek earthquak februari march oj council decis eec novemb commun aid grant except reconstruct region affect greek earthquak septemb oj court report critic nci eib earthquak instrument annual report financi year oj paragraph oj paragraph oj paragraph oj paragraph council decis ec june relat except commun aid reconstruct area stricken cyclon hit madeira octob oj commiss decis juli juli contribut erdf esf eaggf pguarante fifg commun initi framework special support programm peac reconcili northern ireland border counti ireland council regul ec septemb lai gener rule grant commun financi aid field tran peuropean network oj subsidi relat network transport telecommun energi includ interest prate subsidi part viii financi mechan agreement european econom area oj protocol financi mechan annex agreement european econom area acp peec convent sign lomé decemb oj special report risk capit oper financ resourc european develop fund oj paragraph council regul eec june financi cooper respect mediterranean pmember countri oj amend regul ec juli oj council regul eec june implement protocol financi technic cooper conclud commun mediterranean pmember countri oj council regul ec juli financi technic measur accompani meda reform econom social structur framework euro pmediterranean partnership oj council regul eec april conclud financi protocol protocol lai provis relat agreement establish associ european econom commun malta oj council decis eec june conclus protocol financi technic cooper european econom commun malta oj council regul eec novemb conclus financi protocol european econom commun republ cypru oj council regul eec march conclus protocol financi technic cooper european econom commun republ cypru oj council decis eec februari conclus protocol financi technic cooper european econom commun republ cypru oj council decis eec juli conclus protocol financi technic cooper european econom commun republ slovenia oj protocol privileg immun european commun annex treati brussel april articl statut eib refer articl treati establish european commun state eib oper pprofit pmake basi grant loan give guarante eib entitl receiv manag fee administ oper cover actual manageri cost incur court receiv satisfactori inform enabl obtain assur independ basi regul respect commiss prepar file cooper mediterranean countri involv court statement assur activ financ gener budget financi year oj paragraph list abbrevi acp african caribbean pacif state ecsc european coal steel commun edf european develop fund eea pfm financi mechan european econom area eib european invest bank erdf european region develop fund eu european union gb gener budget european union meda measur accompani reform econom social structur mediterranean pmember countri mnc mediterranean pmember countri nci commun instrument oct oversea countri territori smc southern mediterranean countri sme small medium psize enterpris ten tran peuropean network tf sme temporari facil sme commiss repli introduct report adopt horizont approach analys assess rang interest rebat measur divers term object elig condit difficult compar address econom realiti moment time measur rational larg determin gener polit econom context origin commiss court consid paramet account assess measur effici impact manag characterist measur sixth seventh edf avoid distort financi market subsidi purpos complementari financi oper increas capac intermediari improv project evalu partial cover exchang risk explain differ interest rate grant intermediari final beneficiari observ manag entri account control interest prate subsidi case commiss directli manag interest rebat effect payment case madeira tran peuropean network fulli awar ident final beneficiari detail activ support tran peuropean network recal commiss establish initi set guidelin administr interest rebat budget line made court guidelin purpos ensur transpar procedur proper verif physic financi implement formal adopt member state ten pfinanci assist committe guidelin intend ensur uniform tradit direct grant subsidi interest rebat area pant evalu apprais monitor project commiss aggreg physic financi data progress project amount receiv beneficiari financi intermediari free manipul level rate interest fee exchang rate date financi market financi institut rule customari procedur larg extent transpar beneficiari compar condit intermediari loan concern interest prate subsidi financi intermediari carri solvabl risk final borrow adapt loan condit appli manag loan subsidi deleg eib assur commiss eib work larg network intermediari countri oper accord articl statut doubt account eib confer task alloc interest subsidi decid european union extern agenc eib extens network bank contact relationship acp countri financ lomé iva line credit acp financi institut eib appli strict criteria qualiti solvabl select network financi intermediari evid eu subsidi limit amount durat distribut unlimit number financi intermediari reason potenti intermediari eib criteria agre manag global loan interest subsidi interest rate loan made resourc bank bound articl statut subject control grid interest rate bank fix loan resourc control approv board director commiss repres regular member altern eib plend fund rate reflect excel posit market small margin cover cost accord statutori oblig treati rate eib loan fix accord market condit interest rate fix revis variabl convert client prefer set signatur financ contract disburs open prate contract method adopt set rate countri sector currenc disburs made depend eib hold borrow prefer eib commiss inform administr cost activ manag commiss recapitul cost commun court commiss check interest prate subsidi grant articl ecsc treati commiss found case financi intermediari fail compli condit impos elig follow pup project entrust eib interest subsidi programm cover court report appli eib loan loan public sourc govern loan privat market context inappropri draw gener conclus commiss control elig monitor project singl reliabl method measur effici interest rebat import note commiss evalu activ proportion mean scope commiss action effect pant apprais ongo evalu individu project depend lender expect undertak similar work consider gener account case eib loan eib unlik privat bank econom evalu unit make detail socioeconom criteria fund decis follow pup eib lend oper commiss receiv full complet inform final beneficiari interest subsidi attribut eib loan resourc accord regul mandat decis agreement govern alloc fund eib manag subsidis loan inform mandat commiss accord undertak mandat board statutori oblig control elig eib loan resourc effect accord articl eib statut commiss opinion prior approv loan mandat exist member state committe give opinion project elig basi detail report inform prerequisit decis individu alloc vari characterist loan oper capac technic phow intermediari global loan financi intermediari union bank includ contractu request inform final beneficiari bank undertak period spot pcheck verifi complianc systemat enforc contractu eib pedinburgh facil commiss receiv full list final ploan beneficiari job creation criteria similar ecsc cover period list analys compar ecsc ploan beneficiari small number case potenti doubl financ identifi commiss examin discuss eib final broader question treatment inform receiv eib commiss insist analys inform commiss regularli inform bank develop project dialogu major problem occur commiss view duplic work avoid effect subsidi measur appli union object quantifi necessarili global charact object strengthen competit european industri foster develop high tech sme precis quantifi render object import macroeconom level effect rate interest factor influenc level invest commiss claim singl determin factor beneficiari decis undertak invest project interest subsidi form part packag includ measur local region nation level creat favour context achiev prioriti eu object link interest rate subsidi invest necessarili quantifi causal relationship final beneficiari confirm interest rate subsidi receiv posit signific influenc invest decis respect copenhagen facil commiss present evalu report futur stage prematur draw gener conclus effect facil commiss consid level made facil indic identifi instrument sole indic effect entri account subsidi relev commiss depart verifi calcul conduct spot check court observ relat regim gener budget ecsc edf commiss undertak studi enter account amount interest prate subsidi paid advanc eib commiss endeavour establish harmonis procedur enter subsidi account separ agreement permit commiss agre court interest earn gener fund held current account eib shown receiv item conclus interest rate subsidi grant order contribut number object econom polit condit vari consider union inappropri sacrific varieti subsidi mechan manag sole purpos uniform system commiss bear budgetari polit respons measur discuss commiss opinion procedur establish relat implement mechan question guarante respect eu legisl rule commiss undertak wai improv harmonis present financi statement point view interest prate subsidi cooper agreement eib regul detail deleg financi technic work bank long stand activ solid phow financi field doubt eib commiss suffici financi technic data effici control respect principl avoid unnecessari duplic work safeguard reason relationship resourc result obtain respons divis task commiss eib oper acp countri lomé convent intern agreement sign member state repres decemb agreement renew occas convent commiss court suggest investig extent manag interest rate subsidi instrument harmonis centralis