Media release

EFSI: Co-legislators committed to reach the agreement by end of May

   
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13 May 2015

Today, on 13 May the Council and European Parliament held their fourth political meeting to discuss the legislative proposal on the set up of the European Fund for Strategic Investments (EFSI), approaching a compromise on the use of the EU guarantee, which will provide the essential EFSI leverage for bringing new private investments to the Union. Progress was also made in the questions of governance and transparency and reporting.

Regarding governance, the Council and the Parliament reached a common understanding on the appointment and the role of the Investment Committee, whose function is to assure the additionality of the projects and to assess whether they adhere to the general objectives of EFSI. The co-legislators suggest that it should be fully independent and highly competent.

Finally, the Parliament and Council moved ahead in ensuring transparency of the EFSI operations.

Despite the limited amount of time, the co-legislators reaffirmed their mutual commitment to reach an agreement until 27 May, showing willingness to dedicate additional efforts and energy to speed up the work in upcoming weeks.

The next trilogue will take place on the 18th May in Strasbourg.

Contact
Jānis Bērziņš
Spokesperson