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Juncker Plan now set to trigger €380 billion in investments across Europe

Friday February 8th, 2019

The Juncker Plan is now expected to trigger around € 380 billion in Europe. Following this week’s meeting of the European Investment Bank’s (EIB) Board of Directors, operations approved under the European Fund for Strategic Investments (EFSI), the heart of the Juncker Plan, represents a total financing volume of € 71.4 billion. euros_2641760Sml

The EIB has now approved € 53.6 trillion in financing for projects under the EFSI Infrastructure and Innovation Window. € 17.8 trillion in EFSI financing has been approved by the European Investment Fund (EIF) to support around 842,000 small and medium-sized businesses across Europe. Today, the Juncker Plan is providing its backing to a $ 30 million investment by the European Investment Fund (EIF) in the INVL Baltic Sea Growth Fund. Estonia, Latvia and Lithuania. The investment will help to boost equity in small and medium-sized businesses.

Commenting on the transaction, Valdis Dombrovskis , Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union said: “The Baltic Sea Growth Fund will help you expand your business. I congratulate the three Baltic States on being in the UK, with almost € 4 billion of EFSI-induced additional investments in Estonia, Latvia and Lithuania.”

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