Season 1 · Episode 55
How Europe's investment fund hit its target
We mark the delivery of €315 billion in investment with an EFSI podcast with Iliyana Tsanova, its deputy managing director. She lays out the reasoning behind the programme, created in response to the global financial crisis.
A Dictionary of Finance · European Investment Bank
July 18, 201826m 1s
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Show Notes
The European Fund for Strategic Investments (EFSI) hits a big target today. We mark the delivery of €315 billion in investment through this programme by turning A Dictionary of Finance into an EFSI podcast with Iliyana Tsanova, deputy managing director of EFSI. She lays out the reasoning behind the programme, which was created as part of Europe’s response to the global financial crisis. Administered by the European Investment Bank, EFSI consists of a guarantee from the EU budget and some billions of EIB capital. The aim: to support viable projects that were, nonetheless, failing to find market financing. The projects were, in fact, falling through the cracks of market gaps. (You’ll find out what a market gap is in the podcast too.) The original target set for the EIB was to invest in projects that would trigger €315 billion of investment after three years. That’s the landmark that has been reached today, and so we put out a special issue of the podcast to mark the occasion.
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