European Commission and Directorate-General for Economic and Financial Affairs 5 July 2016, COMMISSION STAFF WORKING DOCUMENT Accompanying the document REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL ON THE GUARANTEE FUND FOR EXTERNAL ACTION AND ITS MANAGEMENT IN 2015

EUROPEAN COMMISSION Brussels, 5.7.2016 SWD(2016) 220 final COMMISSION STAFF WORKING DOCUMENT Accompanying the document REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL ON THE GUARANTEE FUND FOR EXTERNAL ACTION AND ITS MANAGEMENT IN 2015 {COM(2016) 439 final} TABLE OF CONTENTS 1.Introduction 2.Fund Management report 2.1. Development of the Fund in 2015 2.2.