Implementation and forms of Union funding
Article 7
1. The Facility shall be implemented in accordance with the Financial Regulation, either under direct management or under indirect management with any of the entities referred to in Article 62(1), first subparagraph, point (c), of that Regulation. 2. Union funding may be provided in any of the forms laid down in the Financial Regulation, in particular financial assistance, grants, procurement and blending operations. 3. Depending on the required operational and financial capacity, the entrusted entity implementing blending operations may be the European Investment Bank Group, multilateral European financial institutions, such as the European Bank for Reconstruction and Development, or bilateral European financial institutions, such as development banks, or the World Bank Group. Where possible, other non-European multilateral finance institutions may participate in the Facility through joint operations with European financial institutions. The implementation of blending operations under the Facility shall be complemented by additional forms of financial support from Member States or third parties.