Documentation from the workshop on the financing of the European Fund for Strategic Investment (EFSI) and the link between these and other investment funds

09-11-2017

In July 2015, The European Fund for Strategic Investments (EFSI) entered into force after intensive negotiations between European Commission, Council and Parliament. In September 2016, the European Commission presented an amending Regulation to the original EFSI Regulation of 2015 (EFSI 1.0), prolonging the instrument, as well as proposing changes on the content with an aim to augment its capacity and to address certain insufficiencies. The speakers agreed that in one and a half years since its inception EFSI has demonstrated a clear quantitative success. Nevertheless, there are certain deficiencies with regard to the way how the specific provisions of the Regulation have been interpreted and implemented on the ground. Particular attention was given to the questions of additionally, roles of the European Bank for Reconstruction and Development and National Promotional Banks, as well as transparency and visibility.

In July 2015, The European Fund for Strategic Investments (EFSI) entered into force after intensive negotiations between European Commission, Council and Parliament. In September 2016, the European Commission presented an amending Regulation to the original EFSI Regulation of 2015 (EFSI 1.0), prolonging the instrument, as well as proposing changes on the content with an aim to augment its capacity and to address certain insufficiencies. The speakers agreed that in one and a half years since its inception EFSI has demonstrated a clear quantitative success. Nevertheless, there are certain deficiencies with regard to the way how the specific provisions of the Regulation have been interpreted and implemented on the ground. Particular attention was given to the questions of additionally, roles of the European Bank for Reconstruction and Development and National Promotional Banks, as well as transparency and visibility.

External author

Prof. Carlo SECCHI, Commission TEN-T coordinator Mr José Fernando FIGUEIREDO, Executive President of the Instituição Financeira de Desenvolvimento Mr Bernhard SAGMEISTER, Chairman of the European Association of Guarantee Institutions (AECM) Ms Katarzyna DZIAMARA-RZUCIDŁO, Managing Director, Regional Development Financing Institute, Poland Ms Zsuzsanna HARGITAI, Director, EU Funds Co-Financing & Financial Instruments at the EBRD