IPA Funds in EU Multiannual Financial Framework 2014-2020

With the new financial framework for the period 2014–2020 the European Union (EU) continues its support to the enlargement countries in their preparations for EU accession. Through IPA the EU offers candidate and potential candidate countries technical and financial assistance to improve situation and develop sustainability with the emphasis on political, institutional, legal, administrative, social, and economic reforms that will align their practices to EU standards. The new instrument aims to operate more flexibly and intends to use innovative financing instruments. In addition to this, IPA II regulation brings several new elements that need to be fulfilled.