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Serbia delivers accreditation package for decentralised management of IPA funds
Belgrade,
29 June 2012
The Ministry of Finance today stated that the accreditation package for decentralised management of IPA funds has been delivered to the European Commission.
Once the Commission’s auditors determine that the established system is acceptable, Serbia will have a system of financial management and control based on the strictest international standards, in line with which it can begin with independent management and implementation of projects worth €200 million a year.
At the same time, this is a precondition for Serbia to ask for an increase in these funds.
This was an important moment on the EU path for all EU candidate states, which now manage their IPA funds independently, because this implies a considerable step forward in the quality of public administration and more intensive cooperation with the European Commission in Brussels.
Work on establishing a system of decentralised management of IPA funds began in 2007, the statement recalls.
At the same time, this is a precondition for Serbia to ask for an increase in these funds.
This was an important moment on the EU path for all EU candidate states, which now manage their IPA funds independently, because this implies a considerable step forward in the quality of public administration and more intensive cooperation with the European Commission in Brussels.
Work on establishing a system of decentralised management of IPA funds began in 2007, the statement recalls.
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