Investment Plan for Europe - The first year
- Available in: el en es fr it nl pl pt ru ca
- Release date: 21 September 2016
The European Commission and the European Investment Bank proposed the Investment Plan for Europe in November 2014, as an initiative to fight economic weakness lingering from the 2008 financial crisis. The aim: to relaunch investment and restore EU competitiveness, thus increasing growth and creating jobs.
One major pillar of the Plan is the European Fund for Strategic Investments (EFSI), which combines an EU budget guarantee and EIB resources. The other two pillars involve regulatory reform and technical assistance. The EFSI pillar finances a greater number of operations with a higher risk than the EIB previously did, attracting private investment and targeting market failures.
The investments are intended to trigger EUR 315 billion in investment in three years.