EFSI currently estimated to trigger nearly € 400 billion in investment
The European Commission (EC) has announced that the European Fund for Strategic Investments (EFSI) is currently expected to trigger €398.6 billion in investments. This figure was released following the latest meeting of the European Investment Bank (EIB) Board of Directors. According to the EC, as of May 2019, the deals approved under the Juncker Fund amount to €73.8 billion in financing and are located in all 28 Member States. Some 949,000 start-ups and small and medium-sized businesses (SMEs) are expected to benefit from improved access to finance. Currently, the top five countries ranked in order of investment triggered relative to GDP are Greece, Estonia, Bulgaria, Portugal and Latvia. The EIB has approved €54.3 billion worth of financing for infrastructure and innovation projects, which should generate €249.7 billion of additional investments, while the European Investment Fund, which is part of the EIB Group, has approved €19.5 billion worth of agreements with intermediary banks and funds to finance SMEs, which are expected to generate €148.9 billion of additional investments.
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