771-05A36-B_Smyth_-_JASPERS_05A36_V1

7/28/2019 771-05A36-B_Smyth_-_JASPERS_05A36_V1

1/13

1

JASPERS

Brendan Smyth

DG Regional Policy - Unit D3 Financial Engineering

OPEN DAYS 2010 Workshop on JASPERS, JEREMIE,

JESSICA - progress and future perspectives, 5th October 2010


2/13

2

JASPERS rationale Joint Assistance to Assist Projects in European Regions

a joint technical assistance initiative: Commission, EIB, EBRD, KfW

Twelve beneficiaries: Member States which joined EU in 2004 and2007

Drawn from experience with pre-accession period: continuing need

to provide assistance with preparation of major projects because oflack of experience and expertise

JASPERS is a a project preparation unit with a long-term mandate


3/13

3

JASPERS rationale

Close relationship over many years betweenCommission and IFIs

Advantages of a stable long-term structure

Better than ever-increasing use of external consultantsstability, consistency over time and a capacity to learnfrom experience

Using IFIs in-house technical capacity and experience JASPERS: based in EIB but separate from EIB lending

operations

Close to beneficiaries: 70% of staff in regional offices


4/13

4

JASPERS objectives Improving the quality of investment

Accelerating the approval of projects by the

Commission and by the national authorities

Building capacity within the Member States:

learning-by-doing and replicating successful

methods

training seminars e.g. cost-benefit analysis

horizontal studies : providing background advice

(e.g. state aid), spreading best practice


5/13

5

JASPERS: part of a wider context JASPERS: not a one-off initiative

JASPERS is a technical assistance initiative;

JEREMIE, JESSICA are financial engineering

initiatives

common elements: part of a wider movement in

cohesion policy over the past five years joint

actions and more efficient actions

the idea of a joint approach with partners with

compatible objectives is common to all


6/13

6

JASPERS timeline Mid-2005: concept of a joint instrument agreed

2006: core team in place, recruitment and framework

contacts, start of operations in late 2006 2007: new staff arrive, regional offices in Warsaw,

Vienna and Bucharest open

2008: JASPERS producing significant volume of output

November 2008: Economic Recovery Package:

increase of 25% in Commission contribution to

JASPERS


7/13

7

JASPERS Structure Target staff: 85 expert staff in 2010 and 14

support staff

almost all experts are engineers or economists

70% of experts are in the three regional officesclose to the beneficiaries

Commission contribution:14 million in 2008,24million in 2009,26 million in 2010;

Contributions by other partners in staff time:

EIB: 20

EBRD: 5

KfW:2


8/13

8


9/13

9

JASPERS: a mature instrument 3 assignments completed for Member States in 2006, 22

in 2007, 82 in 2008 and133 in 2009

96 up to 22 September 2010

JASPERS now close to target capacity

considerable progress over the last year:

160 applications with JASPERS assistance registered up

to 22 September 2010, there were 75 at end August last

year

87 applications with JASPERS assistance approved to 22

September 2010; 26 at end August 2009


10/13

10

Current Portfolio

JASPERS is working on 454 active projects at mid

2010

Major projects account for 83 % of the active

projects, horizontal 9 % and small projects 8 %

2010 Action Plans contain 115 new actions

New actions across all sectors, especially in solid

waste and energy (40) and water (33)


11/13

11

Current Portfolio: Summary

Source: JASPERS Database 1 June 2010


12/13

12

JASPERS in the future More emphasis on the projects in the period after

approval of an EU grant, initially on a pilot basis

Preparing for post-2007-2013: a more up-streamrole for JASPERS to ensure a project pipeline for

2014 onwards

Capacity building: balance between learning by

doing projects and a targeted approach tocreating capacity in the Members States


13/13

13

Websites:

http://jeremie.europa.euhttp://jessica.europa.eu

http://jaspers.europa.eu

DG Regional Policy Unit D3 Financial Engineering

For further information:

771-05A36-B_Smyth_-_JASPERS_05A36_V1

Documents

Transcript of 771-05A36-B_Smyth_-_JASPERS_05A36_V1