Institutional statement
APAC Governing Board Institutional Statement
Among the Community Funds of the EU budget, the so-called structural resources play a very significant role. These resources are the so-called European Structural Funds and also the Cohesion Fund. Both the Structural Funds and the Cohesion Fund serve the purpose of promoting a greater degree of economic and social cohesion in the Community area, through the co-financing of public spending policies developed by the member states and aimed at achieving this objective. Translated with www.DeepL.com/Translator (free version).
The APAC Board of Directors, at its meeting in December 2020, adopted the following agreements on European Next Generation funds, among others, on the following issues:
- APAC Institutional Declaration on the management of European NExt Generation funds and anti-fraud plan.
- Next Generation Funds Management and Control System and APAC anti-fraud scheme.
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