EIB presents impact of Juncker Plan on jobs and growth
The European Investment Bank (EIB) has presented recent figures regarding the impact of the European Fund for Strategic Investment (EFSI). According to the EIB, the EFSI investments have increased EU gross domestic product (GDP) by 0.9% and added 1.1 million jobs compared to the baseline scenario. By 2022, the Juncker Plan will have increased EU GDP by 1.8% and added 1.7 million jobs. These figures are based on the latest calculations by the Joint Research Centre (JRC) and the Economics Department of the EIB Group, based on financing agreements approved until the end of June 2019.
EFSI has approved financing for close to 1,200 operations and provided risk financing for more than one million start-ups and SMEs across a wide range of sectors and in all 28 EU countries. As of October 2019, the top countries ranked by EFSI-triggered investment relative to GDP are Greece, Estonia, Portugal, Bulgaria and Poland. Examples of Juncker Plan projects range from pan-European high-speed charging infrastructure for electric vehicles to a food waste management company in Romania to reintegrating former military personnel into the workplace in the Netherlands.
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Factsheets by country and by sector
Factsheets by country and by sector provide a more detailed overview and further project examples.TOP