Canary Islands and Tenerife Sign Amendments to Resource Management Agreement for MEDI-FDCAN Program
Published: July 16, 2025|local-government-and-community|Gobierno de Canarias
Overview of Canary Islands' MEDI-FDCAN Program Update
Background
On July 1, 2025, the Canary Islands government and Tenerife’s local council formalized a third amendment to their 2016 agreement, aiming to improve oversight of funds allocated for the MEDI-FDCAN program. This update is part of broader efforts to ensure financial transparency and accountability in local development projects.
Key Changes
- The amendment modifies the structured documentation process (Annex IIB) to better track spending across different activities.
- It addresses concerns raised in recent audits by the regional Audit Office.
- Benefits entities will be required to provide more detailed declarations of how funds are used.
- These changes will enhance the traceability and integrity of financial reports.
Context and Goals
This move comes amid ongoing efforts to refine governance of EU-funded regional programs, which are vital for:
- Local development
- Job creation
- Infrastructure improvement
Objectives
- Expanding transparency measures to ensure funds are properly managed.
- Supporting more effective project implementation.
- Increasing public trust in the management of regional funds.
Overall, this update signifies a step toward more meticulous oversight of public resources, ultimately supporting more effective project implementation and public trust.