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November 8, 2017 | European news

Council Extended EFSI Financial Capacity and Duration

On 8 November, the Council approved an agreement with the European Parliament to extend the European Fund for Strategic Investment. It aims at mobilizing at least half a trillion euros of additional investments by 2020.

The draft regulation:

  • extends the fund's lifespan until 31 December 2020;
  • raises the investment target to €500 billion;
  • increases the EU budget guarantee to €26 billion (of which €16 billion will be available for guarantee calls until mid-2018);
  • increases the European Investment Bank's contribution to €7.5 billion (from €5 billion currently).

The Parliament is expected to approve the draft regulation at first reading. The text will then be submitted to the Council for adoption.

Council Website

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