Source: European Parliament
On 13 May 2025, the BUDG, CONT and ECON Committees have invited Mr L. Christoforou, Member responsible at the European Court of Auditors (ECA), to present its Special report 07/2025 on “The European Fund for Strategic Investments – Contributed substantially to addressing the investment gap, but had not fully reached the €500 billion target in the real economy by the end of 2022”.
Launched in 2015 by the European Commission and the European Investment Bank (EIB), the European Fund for Strategic Investments (EFSI) aimed at tackling the investment shortfall within the EU after the financial crisis, by mobilising an additional €500 billion in investments by 2022 through various debt and equity instruments. The initiative was supported by a €26 billion EU budgetary guarantee and €7.5 billion in EIB resources. According to ECA’ special report the programme made significant strides in addressing the investment gap. However, it fell short of its target, with an estimated overstatement of the reported amount of €503 billion by €131 billion (26%). This presentation will provide an opportunity for the ECA to share its findings and discuss them with the BUDG, CONT and ECON Members.