On 30 June 2016, the Croatian Agency for SMEs, Innovation and Investments and the Ministry of Regional Development and European Union Funds signed a Financing Agreement for the implementation of financial instruments under the Operational Program “Competitiveness and Cohesion” 2014-2020.

Financial instruments help to mobilize additional public and/or private sources of funding in order to address market failures. Given the current economic situation and the growing scarcity of public resources, financial instruments are expected to play an even more significant role in the future.