TY - JOUR T1 - The Use of Financial Instruments in European Structural and Investment Funds A1 - Wernerus, Dennis A1 - Rusanescu, Rares PY - 2014 N2 - The increasing use of financial instruments (FIs) has been one of the major innovations in European Structural and Investment (ESI) Funds in recent years. Equity, guarantee and loan instruments are more and more used instead of grants to provide public support. This article provides some background information in relation to the difficulties of implementing financial instruments in the programming period 2007-2013. It also assesses to what extent the legal framework for using these instruments in the programming period 2014-2020 may address the weaknesses identified by the European Court of Auditors (ECA or Court). JF - European Structural and Investment Funds Journal JA - European Structural and Investment Funds Journal VL - 2 IS - 3 UR - ER -