EU Policy and Financial Cooperation
Turkey benefits from EU financial assistance through several financial instruments, the main tool is the Instrument for Pre-Accession Assistance (IPA). Some other important support schemes are the Facility for refugees in Turkey (FRIT), the European Instruments for Democracy and Human Rights, or the Instrument contributing to Stability and Peace.
The Instrument for Pre-Accession is a financial instrument the EU deploys in 'enlargement countries' – countries that have applied for EU membership. IPA funds build up the capacities of the countries throughout the accession process, helping the beneficiaries make political and economic reforms and preparing them for the rights and obligations that come with EU membership. For the period 2007-2013 IPA had a budget of some € 11.5 billion; its successor, IPA II, builds on the results already achieved by dedicating € 11.7 billion for the period 2014-2020.
Concerning IPA I (2007-2013), out of the total € 4.79 billion available for Turkey, € 4.583 billion have been globally committed by Financing Agreements signed between EU and Turkey. The Turkish Authorities and the EU Delegation contracted € 4.444 billion (i.e. 97% of the global commitment amount) at local level, leading to disbursements of € 4.028 billion (88%) by the end of February 2018.
For the period 2014-2020, the EU allocation is €4.45 billion. Out of the total €4.45 billion available for Turkey, € 2.263 billion have been globally committed by Financing Agreements signed between EU and Turkey. The Turkish Authorities and the EU Delegation contracted € 427.4 million (İ.e. 19% of the global commitment amount) at local level, leading to disbursements of € 219.9 million (9.7%) by the end of February 2018.