One step closer to the set-up of the European Fund for Strategic Investment
On 29 April the European Parliament and the Council held their second political meeting to discuss the legislative proposal on the set up of the European Fund for Strategic Investments (EFSI) that intends to bring an additional 315 billion euro in investments for jobs and growth. The discussions between the two co-legislators are taking up speed, particularly on governance, the use of the guarantee, and the advisory hub.
With respect to the governance of the EFSI, the two institutions confirmed that the fund should be endowed with a strong two-tier governance structure, composed of a Steering Board and an independent Investment Committee. The Presidency, on behalf of the Council, yet again underlined the need for a simple, transparent and fully depoliticised governance structure of the EFSI.
The Council emphasised the important role of investment platforms and national promotional banks in delivering the objectives of the fund.
With respect to the financing of the EU guarantee fund, the co-legislators reinstated their positions. The Council insisted on the irrevocability and unconditionality of the EU guarantee and upheld the principles of sound financial management.
Finally, the co-legislators exchanged views on the technical assistance platform for the structuring of investment projects to be provided to project promoters. Both legislators engaged in a fruitful discussion to iron out the remaining differences on the advisory hub.
The progress achieved today constitutes an important building block for an agreement by June.
The next trilogue will take place on the 7 May.
You might be interested in
HORIZON 2020 Excellent Science MARIE SKŁODOWSKA-CURIE ACTION: INNOVATIVE TRAINING NETWORKS (ITN) Marie Skłodowska-Curie Innovative Training Networks (ITN-ETN) › read more
HORIZON 2020 EURATOM Modelling and analysing the energy system, its transformation and impacts. › read more
HORIZON 2020 Industrial Leadership EU-Japan Research and Development Cooperation in Net Futures Technologies combining big data, internet of things in the cloud › read more
HORIZON 2020 Societal Challenges Call for developing governance for the advancement of Responsible Research and Innovation Innovative approach to release and disseminate research results and measure their impact › read more
Fission Improved safety design and operation of fission reactors › read more
(1100) Add Your proposal . all fields is required