ECA publishes opinion on proposed financial rules for European Development Fund

01 October 2018

The ECA published an opinion on the EC’s proposal for a Council Regulation on the financial rules applicable to the 11th European Development Fund (EDF).

The aim of the EC’s proposal is to align the EDF financial rules with those of the EU budget, taking recent changes into account. The auditors point out that the proposal contains terms and conditions for the use of budget support that are not fully aligned with the rules governing the EU’s general budget. They consider that there are inconsistencies that increase the possibility of confusion or misunderstandings in interpretation and application of the EDF rules.

Full press release

Full opinion

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