Performance indicators for convergence in regional development : how reliable are they to ensure targeted and result-oriented spending

This study examines how reliable Cohesion Policy indicators are in helping to ensure targeted and result-oriented expenditure. Overall, substantial progress has been made in recent years in developing an effective system. However, the challenge remains to shift from a focus on financial absorption and outputs to assessing more meaningful results and impacts of interventions, and to improve data collection systems. The paper includes eleven recommendations to address these and other challenges ahead of the new 2021- 2027 period.