The InvestEU Programme, until 2021 known as the European Fund for Strategic Investments (EFSI), also called the Juncker Plan, is an initiative of EIB Group and the European Commission aimed at boosting the economy through mobilising private financing for strategic investments.[1] EFSI was established in 2015 through the EU Regulation 2015/1017.[2] EFSI is one of the three pillars of the Investment Plan for Europe.[3] EFSI is a EUR 16 billion guarantee from the EU budget plus EUR 5 billion from the EIB’s own capital. EFSI has been integrated into the EIB Group and projects supported by EFSI are subject to the normal EIB project cycle and governance.[4][5][6]

Economists predict that the programme's investments will raise EU GDP by 1.9 trillion and generate 1.8 million jobs by 2022, relative to the baseline scenario.[7]

References

  1. ↑ "What is the European Fund for Strategic Investments (EFSI)?". Eib.europa.eu. 2016-11-17. Retrieved 2017-01-16.
  2. ↑ Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments
  3. ↑ "Investment Plan | European Commission". Ec.europa.eu. Retrieved 2017-01-16.
  4. ↑ Spiegel, Peter (26 November 2014). "Juncker defends launches funding method for €315bn infrastructure projects". Financial Times.
  5. ↑ "Juncker reveals giant EU investment plan - BBC News". BBC News. 26 November 2014. Retrieved 2017-01-16.
  6. ↑ "Making the EFSI a solution for investments in Europe –". Euractiv.com. 2014-06-20. Retrieved 2017-01-16.
  7. ↑ "EIB Group impact: Boosting GDP and jobs". EIB.org. Retrieved 2021-05-17.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.