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The European Fund for Strategic Investments as a New Type of Budgetary Instrument

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  • Rinaldi, David
  • Núñez Ferrer, Jorge

Abstract

This paper provides an overview of the European Fund for Strategic Investments (EFSI) as a budgetary instrument. A preliminary analysis of the quantitative impact of its first year and a half of activity is complemented by an outline of the corollary policies that can determine the success of EFSI. Taking into account the instrument’s original mission, the preliminary evidence is encouraging and suggests that it is on track to attain expected targets. For EFSI 2.0, the study recommends revising the regulation to provide a window-specific definition of additionality and strengthening parliamentary oversight. In order for EFSI to contribute to the greater goal of cohesion and development, it further recommends the creation of a Development Window with a special guarantee for riskier regions and a push on EFSI corollary policies, including the establishment of country offices for the Advisory Hub and the development of a strategy for investment in human capital.

Suggested Citation

  • Rinaldi, David & Núñez Ferrer, Jorge, 2017. "The European Fund for Strategic Investments as a New Type of Budgetary Instrument," CEPS Papers 12433, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:12433
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    File URL: https://www.ceps.eu/system/files/RRpt%20No%202017-07%20EFSI.pdf
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    References listed on IDEAS

    as
    1. Jorge Núñez Ferrer & Jacques Le Cacheux & Giacomo Benedetto & Mathieu Saunier & Fabien Candau & Claude Emonnot & Florence Lachet-Touya & Jorgen Mortensen & Aymeric Potteau & Igor Taranic, 2016. "Study on the potential and limitations of reforming the financing of the EU budget
      [Perspectives et limites pour réformer le financement du budget de l’UE]      ," Working Papers hal-01848029, HAL.
    2. Jorge Núñez Ferrer & Jacques Le Cacheux & Giacomo Benedetto & Mathieu Saunier & Fabien Candau & Claude Emonnot & Florence Lachet-Touya & Jorgen Mortensen & Aymeric Potteau & Igor Taranic, 2016. "Study on the potential and limitations of reforming the financing of the EU budget [Perspectives et limites pour réformer le financement du budget de l’UE]," Working Papers hal-01848029, HAL.
    3. Paolo Pasimeni & Stéphanie Riso, 2016. "The redistributive function of the EU budget," IMK Working Paper 174-2016, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
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    Cited by:

    1. Beata Zofia Filipiak & Marek Dylewski & Marcin Kalinowski & Grzegorz Krzykowski, 2020. "Do European Union Funds Have an Impact on the Volume of Corporate Lending? The Case of the Czech Republic, Slovakia and Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 3-22.

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