1 workshop i - introduction: monitoring and evaluation (m+e) financial engineering instruments for...
TRANSCRIPT
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Workshop I - Introduction:
“Monitoring and evaluation (“M+E”) financial engineering instruments for SMEs”
5th Plenary Meeting JEREMIE Networking Platform
Brussels, 20 May 2011
DG REGIO D3 - Financial engineering, major projects
Joanna Mouliou
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• Because of the specific nature of financial engineering instruments,
• Because MS and regions are gathering more experience with JEREMIE financial instruments and they come up with more specific demands,
• Because certain issues discussed in COCOF meetings require a specific follow up,
• Because you asked for it.
Why a New Structure of the JEREMIE Networking Platform
meeting?
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What to achieve with
the New Structure of the JEREMIE
N.P. meeting?
To built up a strong collaboration with you
To adapt a tailor made structure
according to your needs
(agree with you the subjects for the meetings –
tailor made meetings)
To increase the number of subjects
to be discussed with two or more
workshops running in parallel.
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What to achieve with
the New Structure of the JEREMIE
N.P. meeting?
To increase the added value of the meetings as you can form the composition of the
groups of participants (workshops with
mixed participants from Managing
Authorities, Holding Funds and/or other
Financial Intermediaries, upon
your request)
To encourage your active
participation in round table
discussions (you will be the main
actors of meetings with presentations
and exchange of ideas with your
peers)
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Why "M+E" as the main topic of this meeting?
• Fifth Report on economic, social & territorial cohesion & EU Budget review / Growing emphasis on performance orientation of Cohesion Policy / through: "M+E" tools
• Council Regulation (EC) No 1083/2006:– Annual Implementation Report (AIR) for each
programme– National Strategic Reports (NSR)s in 2009 & 2012 – ECs Strategic Reports in 2010-2013
• COCOF – Monitoring Template:EC: to consolidate aggregate monitoring information provided by M.As for: global assessment of the performance of FEIs supported under Structural Funds supported Programmes.
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Monitoring & Evaluation are two different processes
• Monitoring observes and reports on whether the desired outputs are occurring and whether implementation is on track
• It is an observation of the current situation (achieved outputs, progress towards intended results).
Example: I want to know how many SMEs are now financed through JEREMIE in HU with the aim to support innovation.
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Monitoring & Evaluation are two different processes
MONITORING:• OPs under Cohesion Policy are
implemented under multilevel governance (different actors in the system).
• The Commission needs to aggregate information about Financial Engineering Instruments. Reason for “Monitoring Templates report”.
• Need to establish common indicators to facilitate dialogue and transparency.
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Monitoring & Evaluation are two different processes
EVALUATION (an issue to discuss and explore at the next meeting):
- is an inquiry into the non observable.- it answers the following two questions:- Does it work? (results occurred
because of a public intervention, or because of external factors?)
- If it does / doesn’t work, why?
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“MONITORING TEMPLATE REPORT”
• The specific nature of financial engineering instruments requires a specific "M+E" process,
• In the absence of formal reporting obligations, MAs have been requested to report annually on FEI implementation on a voluntary basis (Annex II, COCOF 10-0014-04-EN),
– Submission of reports by MS by 31 May 2011,
– Analysis of submitted reports in June/July 2011,
– Dissemination of key findings to MS/MAs around September 2011.
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“MONITORING TEMPLATE REPORT”
• Provide MAs with a standard tool for the monitoring of FEIs at various levels
• Report on – Financial progress– Outputs delivered (achievements
against output indicators)– Progress towards desired results
(changes in result indicators)
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Unit Name
Number Number of SMEs receiving financial support in a form of loans / venture capital
Number Number of SMEs receiving non-financial support
Number Number of new SMEs supported
EUR Private / Public investment matching EU support for SMEs (loans, venture capital)
Number Number of reported jobs created in assisted SMEs
A clear definition for each Indicator is needed
Examples of output Financial Indicators for Productive
Investment in SMEs
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Speakers
Krisztina SZABO
EDOP MA, NDA Hungary – M.A.
Pascal VOULTON SOFIMAC Partners –
Auvergne – F.I.
Álvaro NAVARRO
IDEA de Andalusia, Spain – H.F.
Workshop "M+E"
FEIs for SMEs
Jurgita KARCIAUSKAITE,
Ministry of Finance
Lithuania – M.A.
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Thank you for your attention
For further information:
Website:
http://jeremie.europa.eu
Email:
DG REGIO – Unit D3 – Financial engineering, major projects