Titolo completo
How to Fund European Ambitions? Opportunities and Challenges for the Next MFF
The European Commission’s proposal for the next Multiannual Financial Framework 2028-2034 reflects two interconnected ambitions: responding to international challenges and innovating the way in which the European Union works. Against this background, national promotional banks and institutions (NPBIs), public development banks (PDBs) and development finance institutions (DFIs) can play a crucial role, by putting at policymakers’ disposal their expertise in identifying investment opportunities, multiplying the effect of EU funding by responding to the needs of regional, national and European spending centres, and mobilising adequate resources. This discussion paper explores the policy principles – and related trade-offs – shaping the Commission’s proposal (flexibility, simplification, conditionality and diversification) and analyses how bridging the external and internal dimension of EU funding may contribute to relaunching strategic investments in European competitiveness, while highlighting the challenges ahead.
Executive summary
Introduction
1. Cross-cutting policy principles shaping the Commission’s MFF proposal
1.1 Flexibility: Balancing agility with predictability
1.2 Simplification: A streamlined, but demanding budget
1.3 Conditionality: Towards performance-based disbursements
1.4 Diversification: The strive to Own Resources
2. Bridging internal competitiveness and external projection of the EU
2.1 The innovations of the ECF
2.2 Global Europe pursuing EU competitiveness
2.3 The challenges of bridging the internal and external dimension
3. Conclusions: Innovating, but…
