The ‘Technical meeting for Member States on EMFF/EMFAF financial instruments’ organised by the European Commission, Directorate-General for Maritime Affairs and Fisheries (DG MARE) in partnership with the European Investment Bank (EIB) took place online on 18 June 2021 and was dedicated to the managing authorities responsible in this field.
The technical meeting aimed at raising awareness about the potential of using financial instruments co-funded by the European Maritime and Fisheries Fund (EMFF) and its successor the European Maritime Fisheries and Aquaculture Fund (EMFAF). Despite the limited deployment of EMFF financial instruments during 2014-2020, the presentations highlighted that there is potential for greater use of those instruments under the new EMFAF. A number of simplifications introduced in the new legal framework applicable for financial instruments can further facilitate the use of this type of support.
Experiences and lessons learnt were also presented from using EMFF financial instruments, as well as existing initiatives at EU and national level to support blue economy investments, such as the BlueInvest and the PORTUGAL BLUE. These examples showcased a valuable source of inspiration on the design of future financial instruments under the EMFAF and/or at EU level under InvestEU.
Furthermore, the improved and more flexible implementation options foreseen in the Common Provisions Regulation 2021-2027 (CPR) will allow EMFAF managing authorities to develop tailored support packages addressing the needs of final recipients.
presentation
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case study
The audio in the video files is in original language of the speakers. The English interpretation is available as audio files.
| Title | Speakers | ||
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fi-compass activities in support of EMFF/EMFAF managing authorities |
Frank Lee, Head of Financial Instruments Advisory Division, European Investment Bank |
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fi-compass study on the use of EMFF financial instruments key findings |
Miglena Dobreva, Financial Instruments Advisor, European Investment Bank |
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Examples for financial instruments and initiatives supporting Blue Economy |
Minerva Elias, Mandate Manager, EC Equity Mandates, European Investment Fund Miguel Alves, Mandate Manager, Regional Equity Mandates, European Investment Fund |
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CPR and EMFAF legal framework related to financial instruments and implementation of EMFAF financial instruments in the post-2020 |
Theodosios Sampaniotis, Policy Analyst, DG REGIO, European Commission Vincent Guerre, Policy Officer, DG MARE, European Commission Mario Guido, Financial Instruments Advisor, European Investment Bank |
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Financial instrument for Fisheries and aquaculture in Estonia |
Eduard Koitmaa, Fisheries Economics Department, Ministry of Rural Affairs of the Republic of Estonia |
