Long-Term Investments: what role for National Promotional Banks and the EIB?
The ELTI debate on 2 December 2014 concerned the role of National Promotional Banks (NPBs) and the European Investment Bank group (EIB/EIF) in financing long-term sustainable investments and aimed to discuss the ways and means for them to cooperate in support of long-term investment to restart sustainable growth and employment.
All the above should act in line with the European Commission Communication on long-term financing of the European economy put forward in March 2014 which sets out a comprehensive framework of all measures required to secure Europe’s position on a sustainable growth path, including channelling all possible means of finance into the economy.
Other stakeholders are also considering what could be the role of EIB/EIF, the NPBs and MDBs in boosting long-term investment, through various forms of interaction, with or without institutional reforms, that could be thought of and EU budget funds that could also be associated with this dynamic, aiming to leverage in a wider European capacity through a better cooperation model and ensuring not only an appropriate financial resources supply but also support for sustainable investment demand.
The so-called ‘Juncker investment plan’ of € 300 bn. aiming to reconcile the necessary budget discipline and the need to reactivate sustainable growth and employment in Europe is of direct interest in this regard and the debate should help clarify how EIB Group and the NPBs can together support and help implement this plan.
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