The Cohesion Fund is one of the funds through which EU cohesion policy is implemented, targeting Member States whose gross national income (GNI) per capita is below 90 % of the EU average and supporting TEN-T and environmental projects. The ERDF is also part of the EU's cohesion policy and aims to strengthen economic, social and territorial cohesion in the European Union by correcting imbalances between its regions, supporting economic recovery, job creation, competitiveness,
innovation and sustainability. It delivers on the Union's policy priorities, in particular the green and digital transitions. Within the ERDF, the Interreg programme supports cross-border (Interreg A and IPA), transnational (Interreg B) and interregional (Interreg C) cooperation. As the ERDF/CF is primarily managed through shared management, the managing authorities and participating countries are tasked with allocating funding and setting up a management and control system to ensure the implementation of the fund on the basis of agreed programmes (which are also developed and implemented through a multi-level management approach, in line with the partnership principle)