The European Guarantee Fund and COVID-19: Agile But in Need of Greater Accountability

Howarth, David; Hodson, Dermot

Reference : The European Guarantee Fund and COVID-19: Agile But in Need of Greater Accountability


	Document type :	E-prints/Working papers : Already available on another site
	Discipline(s) :	Law, criminology & political science : Political science, public administration & international relations
	Focus Areas :	Finance
	To cite this reference:	http://hdl.handle.net/10993/52328

Title :	The European Guarantee Fund and COVID-19: Agile But in Need of Greater Accountability
Language :	English
Author, co-author :	Howarth, David [University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC) >]
	Hodson, Dermot [Birkbeck College, University of London]
Publication date :	Feb-2022
Publisher :	Banking on Europe ESRC-FNR Research Project
Collection and collection volume :	Banking on Europe ESRC-FNR Research Project
Number of pages :	4
Peer reviewed :	No
City :	London
Country :	United Kingdom
Keywords :	[en] European Guarantee Fund ; European Investment Bank ; Accountability ; Covid-19 pandemic ; European Parliament
Abstract :	[en] The European Guarantee Fund formed an important part of the EU’s first response to the COVID-19 pandemic. Despite delays from some member states and the European Commission over the creation of this instrument, the European Investment Bank (EIB) moved at high speed to support SMEs and mid-caps. The European Guarantee Fund was vertically accountable to national governments, but it needed stronger horizontal accountability to the European Parliament and diagonal accountability to NGOs. The EIB should commit to an independent ex-post evaluation of the European Guarantee Fund’s design, operation and impact.
Funders :	ESRC and Luxembourg FNR
Name of the research project :	Banking on Europe
Target :	Researchers ; Professionals ; Students ; General public
Permalink :	http://hdl.handle.net/10993/52328
Other URL :	https://bankingoneurope.eu/wp-content/uploads/2022/04/Banking-on-Europe-Policy-Brief-1-FINAL-rev.pdf
source URL :	https://bankingoneurope.eu/wp-content/uploads/2022/04/Banking-on-Europe-Policy-Brief-1-FINAL-rev.pdf
FnR project :	FnR ; FNR15560511 > David Howarth > Bank-EU > Banking On Europe > 01/10/2021 > > 2021

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