Annual report from the European Commission on the Instrument for Stability in 2008

Report
from European Commission, European Union
Published on 09 Jul 2009 View Original
INTRODUCTION

This report is submitted to the European Parliament and the Council in compliance with the reporting requirement set out in Article 23 of Regulation (EC) N=B01717/2006 of the European Parliament and the Council of 15 November 2006 establishing an Instrument for Stability (the IfS Regulation). This article states:

'The Commission shall examine progress achieved in implementing the measures undertaken pursuant to this Regulation and shall submit to the European Parliament and the Council an annual report on the implementation of the assistance. The report shall also be addressed to the European Economic and Social Committee and the Committee of the Regions. The report shall contain information relating to the previous year on the measures financed and information on the results of monitoring and evaluation exercises and the implementation of budget commitments and payments, broken down by country, region and cooperation sector'.

This report is also submitted in complement to the information already provided in accordance with the reporting requirement of Article 6(6) of the IfS Regulation. The practice established by the Commission since 2007 is to systematically inform the Council as well as the European Parliament of Exceptional Assistance Measures about to be supported under the IfS as part of the EU's crisis response. In view of the need to keep the reporting requirements on each individual programme manageable, the annual reports also provide for a global implementation update on all on-going measures earlier described, including those aspects on which information could not be provided upstream of the start of implementation. These updates are provided in the annexes to the Report.