The Partnership Agreement to be entered into between Portugal and the European Commission pursuant to which Portugal shall receive circa 27.8 billion euros in European funds during 2014-2020 is currently under negotiation. On 20 May 2013, the Council of Ministers approved Resolution no. 33/2013 which outlines the conditions for the aforementioned Partnership Agreement and discloses the main action guidelines for the European structural and investment funds for 2014-2020.

According to Resolution no. 33/2013, there are five structural reorientation guidelines, notably: (i) the programming and implementation of the new EU funds shall be focused on results, thus prioritizing related interventions the effects of which reinforce one another when integrated; (ii) the new EU funding shall be preferentially reimbursable (although non-reimbursable funding still exists in certain circumstances); (iii) simplification of the procedures concerning the implementation of the EU funds; (iv) enhancement of the coordination between national and EU funding sources (which will allow joint procedures for the approval and implementation of both funding sources); and (v) enhancement of the coordination and integration between different EU funds, preferably through multifund implementation and integrated territorial approach.

Furthermore, following the publication of the assumptions of the Partnership Agreement, the Portuguese Government approved, by means of Resolution of the Council of Ministers no. 39/2013, 6 June, a new institutional model of governance for the EU funds. For this purpose, the Agency for the Development and Cohesion shall be created and shall be responsible for the programming, coordination, certification and payment of the EU cohesion policy funds (European Regional Development Fund/ERDF, Cohesion Fund/CF and European Social Fund/ESF).