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D20 meeting for 2015 organised jointly by LTIC and TSKB starting in the morning; including debates on various economic themes and followed by a social event.

The high level representatives of development finance institutions, long-term investors and major multilateral financial institutions gathered in Istanbul on May 26th, 2015 on the occasion of the third D20 conference. This conference held in Istanbul was preceded by the conferences in Moscow in 2013 and Rome in 2014. During the conference, the main theme of which was “Infrastructure as a Long Term Tool for Sustainable and Comprehensive Growth”, models targeting the long-term nonbank financing of infrastructure projects were elaborated. Additionally, social infrastructure investments targeted at social welfare, health and productivity were discussed in detail.

As an output of the conference, a statement was issued by D20 members to be presented to the leaders in preparation of the G20 summit. The D20 Press Release was also issued.

The LTIC Steering Committee meeting was held on 25 May 2015 at the TSKB premises at the Garden of Eden in Istanbul, Turkey.

CoR An Investment Plan for Europe

Agenda    Conference summary report   Investment Conference Background

On 15 April 2015, the Committee of the Regions (CoR) will bring together EU policy makers and regional and local representatives to assess the Investment Plan from a local perspective. The conference conclusions can be brought to the CoR plenary meeting of the next day the Eurogroup discussion on growth and jobs on 11 May and may contribute to the efforts on aligning the European Semester better with a longer-term investments perspective.

Political leaders and investment experts will discuss three main questions:

  • Is the Investment Plan for Europe an answer to the needs at local and regional level?
  • What is its potential to support growth and jobs in Europe's regions and cities?
  • What role can regions and cities play in the local roll-out of the Investment Plan in the three main strands (mobilisation of investments, managing the project pipeline and improving the investment environment)?
  • How to guarantee and improve the investment capacity of regional and local authorities in times of austerity?

More information, programme and registration: www.cor.europa.eu/investment

JacquesDelorsInstitute

Programme

Invitation for Mr. Dominique de Crayencour to attend the seminar on the Priorities/Word Programme of the European Parliament's Committee on Budgets for the current legislature organised in Brussels on Tuesday, March 31, 2015.

Intervention

Introduced by Jean Arthuis, Chairman of the Committee on budgets, this seminar include four sessions:

I – Expenditure management : How to optimise the use of resources for growth and jobs?

II – Impact of current EU budget instruments on investment (EIB, financial instruments, Public-Private Partnerships)

III – The next MFF: Prospects for the revenue and expenditure side of the EU budget

IV – How to improve interinstitutional cooperation and engage EU institutions, national parliaments and other stakeholders in the debates on the EU budget.

Heating Cooling in the EET

Location
Charlemagne building, rue de la Loi 170, Brussels 1040

This conference, held between 26-27 February 2015 discussed the issues facing the heating and cooling sector which accounts for half of the EU's energy consumption – ahead of both electricity and transport. Attendees included European and national policy makers, representatives from industry, businesses and consumer associations, NGOs, local and national authorities, academia and research institutions. Miguel Arias Cañete, European Commissioner for Climate Action and Energy, and Dominique Ristori, European Commissioner Director-General for Energy, participated.

4 February 2015

Programme   Summary   Key Points

This Finance Watch conference on Capital Markets Union, good securitisation, the ubiquitous role of collateral and alternative paths to jobs and growth took place at The Square, Brussels Meeting Centre, on 4 February 2015.

The EC’s Green Paper and Communication on Long-term financing launched a number of policy initiatives to increase the availability of financing for activities that will bring jobs and growth, focussing on SMEs and infrastructure. The Capital Markets Union agenda adds to these objectives. Market-based and non-bank financing are now among the main ideas being promoted, including the revival of securitisation and increased use of collateral. This conference aims to explore the public interest implications of these activities and to look at alternative policy options to achieve the LTF goals. It will include a presentation of Finance Watch’s recent position paper on long term financing.es and to look at alternative policy options to achieve the LTF goals. It will include a presentation of Finance Watch’s recent position paper on long term financing.

Agenda

G20 Turkey 2015 Invitation was sent to the Investment & Infrastructure Working Group Members (IIWG)

The first meeting of G20 Investment and Infrastructure Working Group (IIWG) in Ankara, Turkey took place at the Ankara Hilton Hotel on 29-30 January 2015.

Infrastructure Investment is gaining ground as a crucial component of G20 agenda during the Turkish Presidency for the essential role that it plays in supporting the ambition to increase growth globally. In this regard, everyone continues to work on defining the best practices, alternative instruments and new collective policies in order to increase the contribution of the private sector to the long-term investment. This first IIWG meeting aims to elaborate on the new narrative and agenda of IIWG and explore the ways of preparing country-specific investment strategies.

The Alliance of Liberals & Democrats for Europe (ALDE) New Year Conference on "Relaunching the EU economy – how to overcome the investment gap?" and held on 6 January 2015 will be led by ALDE President, Mr Guy Verhofstadt, MEP, and follows the presentation of the ALDE contribution to revive growth in the EU, the "European Investment and Recovery Act". The Vice-President of the European Commission, Mr Jyrki Katainen, and Polish Minister of Finance, Mr Mateusz Szczurek will give keynote speeches. It will be followed by a discussion of the topic by an expert panel including the audience. The conference will discuss different policy options of how to revive growth in the EU. The overall aim of the conference is to assess whether the current policies address the issue or whether additional measures are needed to overcome the investment gap and to relaunch the EU economy.

OECD LTI Project

The OECD Project on Institutional Investors and Long-Term Investment brings together the world’s largest pension funds, insurance companies and sovereign wealth funds to promote long-term investment (LTI) such as infrastructure, addressing both potential regulatory obstacles and market failures. For more information on the project as well as upcoming research and events, please visit: www.oecd.org/finance/lti 

The increasingly short supply of long-term capital since the 2008 financial crisis has profound implications for growth and financial stability. Launched in 2012, this project aims to facilitate long-term investment by institutional investors such as pension funds, insurance companies, and sovereign wealth funds, addressing both potential regulatory obstacles and market failures.
 
Why is long-term investment important? 
 
Patient capital allows investors to access illiquidity premia, lowers turnover, encourages less pro-cyclical investment strategies and therefore higher net investment rate of returns and greater financial stability. Engaged capital encourages active voting policies, leading to better corporate governance. Productive capital supports infrastructure development, green growth initiatives, SME finance, etc., leadng to sustainable growth

OECD: Institutional investors and Long-Term Investment project meetings

OECD: Institutional Investors and LTI Future Research and Events (PDF) Paris 17 April 2014 

OECD: Project letter to LTI Club (PDF) Paris 18 April 2014

European Long term Investment Conference A new beginning

Programme   Presentations

Confrontations Europe held the European Long-Term Investment Conference: a new beginning for Investment in Brussels on 3-4 December 2014.

The European Commission will raise 300 billion€. Beyond that, an overall strategy for long term investment is needed. This means in-depth reforms of market structures and of public institutions governance. Confrontations Europe and its partners have been addressing this challenge for the past five years. Following on from the Green Paper on the financing of the European economy, we now demand a wider action plan for 2015–2020.

Debates were simultaneously translated into French and English.

Contact

European Long-Term Investors a.i.s.b.l.
Rue Montoyer 51
B - 1000 Brussels
Belgium
secretariat@eltia.eu