CDP Workshop: The Investment Plan for Europe and How to Decline It Outside Europe: The perspective from National Promotional Institutions (NPIs)
The Investment Plan for Europe and How to Decline It Outside Europe: The perspective from National Promotional Institutions (NPIs)
Europe is now facing one of the most important challenges of its recent history with ongoing great demographic, political, financial and economic changes regarding mainly its internal equilibrium, the relationships within the Mediterranean region, and worldwide balances.
The European Central Bank intervention alone is not sufficient anymore to restore economic activity and support the business cycle in Europe. There is a broad consensus about the need to stimulate the aggregate demand by re-launching investments in order to achieve sustainable and inclusive growth, improving the levels of stability of economic system.
In last years, NPIs have been playing a significant role in sustaining both national and European economies. Their role has become more and more important and the range of available financial tools has widened in response to the evolution of the global scenario. In a period with an abundant liquidity supply, these institutions have been asked to support economic activity by playing a promotional role in the Investment Plan for Europe (also known as Juncker Plan).
Nowadays, the European Union is working to implement an External Investment Plan aiming to support investments in regions outside the EU as a vehicle to tackle the root causes of migration, while contributing to the achievement of Sustainable Development Goals. This Plan could be crucial to help facing the long-lasting refugee crisis and to re-affirm Europe’s role at global level.