EC sees EFSI set to trigger € 283.7 billion in investments
Following the latest transactions under the European Fund for Strategic Investments (EFSI) to be approved by the European Investment Bank's (EIB) Board of Directors, the European Commission (EC) sees the the Juncker Plan now set to trigger €283.7 billion in investments in the EU. This represents around 90% of the original target to mobilise €315 billion of investment. The deals which will benefit from the EU budget guarantee now amount to €56.2 billion in financing and are located in all 28 Member States. The EFSI financing agreements with intermediary banks and funds are set to benefit 611,000 European SMEs. Currently, the top five countries ranked in order of EFSI investment triggered relative to GDP are Greece, Estonia, Bulgaria, Portugal and Spain.
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