you're reading...
Economic and Social Policies, PUBLICATIONS

European Fund for Strategic Investments – EFSI 2.0 [EU Legislation in Progress]

Written by Gustaf Gimdal (1st edition),

European Fund for Strategic Investments – EFSI 2.0

© Sashkin / Fotolia

On 14 September 2016, the Commission, in accordance with Article 18 of Regulation (EU) 2015/1017, proposed an extension of the duration of the European fund for strategic investments (EFSI) until 31 December 2020 and the introduction of technical enhancements for that fund and the European Investment Advisory Hub.

The new proposal, referred to as EFSI 2.0, includes an increase in the EU guarantee from €16 to 26 billion and in EIB capital from €5 to 7.5 billion, which should mobilise private and public investment of €500 billion over the period until 2020. The proposal also focuses on project sustainability, enhancement of geographical coverage and ways to reinforce take-up in less developed regions, while also aiming to enhance the transparency of investment decisions and governance procedures, and reinforce the social dimension by means of additional financial instruments.

 

Versions

Proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) No 1316/2013 and (EU) 2015/1017 as regards the extension of the duration of the European Fund for Strategic Investments as well as the introduction of technical enhancements for that Fund and the European Investment Advisory Hub
Committee responsible:

Rapporteur:

Shadow rapporteurs:

 

Economic and Monetary Affairs (ECON) and Budgets (BUDG) jointly under Rule 55

Udo Bullmann (S&D, Germany – ECON)

José Manuel Fernandes (EPP, Portugal – BUDG)

Othmar Karas (EPP)

Sander Loones (ECR)

Ramon Tremosa i Balcells (ALDE)

Fabio De Masi (GUE/NGL)

Bas Eickhout (Greens/ALE)

Marco Valli (EFDD)

COM(2016)597 of 14.09.2016

procedure ref.:2016/276(COD)

Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)

Next steps expected: Consideration in joint committee meeting

Stage: National Parliaments

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

EU’s refugee crisis
EU Legislation in Progress
Topical Digests
EPRS Podcasts

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 2,025 other followers

RSS Link to Members’ Research Service

Disclaimer and Copyright statement

The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. Copyright © European Union, 2014. All rights reserved

%d bloggers like this: