This report is submitted to the European Parliament and the Council in compliance with the reporting requirement set out in Article 23 of Regulation (EC) N°1717/2006 of the European Parliament and the Council of 15 November 2006 establishing an Instrument for Stability (IfS).
The Commission concludes that in the wake of the its second year of operation, the Instrument for Stability established itself as a highly useful instrument within the armoury of the EU’s crisis management tools.
Furthermore, the IfS, together with other relevant Community instruments, forms an important part of the EU’s comprehensive approach to crisis management which has gained significant support in the EU and globally.
Good co-operation with Member States, European Parliament and Council Secretariat has enabled the Commission to fashion IfS programmes, both short and long term, to respond to essential needs.
It is important that the IfS continues to be strongly funded in light of increasing demands which are made for IfS interventions.