Promoting financial instruments for agriculture and rural development

The fi-compass seminar in Riga focusing on the European Agricultural Fund for Rural Development (EAFRD) highlighted the benefits of financial instruments which ensure the re-use of public funds, particularly through guarantee funds in agriculture and rural development. Participants exchanged on the importance of pinpointing the exact needs of final recipients, as well as the type and size of instruments that would address them...

Supporting financial instruments through European Social Fund (ESF)

On the 21st of October 2015 financial instruments delivering the ESF were discussed at a seminar in Rome. This seminar was part of a series of seminars conducted in Paris, Rome and Warsaw. Around 80 participants attended the seminar in Rome. This shows high interest in financial instruments under the ESF. Following the opening and welcome speeches by Leonardo Colucci, European Commission and Pieter Coppens, European Investment Bank practical experiences on the use of financial instruments under the ESF were presented. This included three examples from Italy and one example from Lithuania...

Member States seminar series: Italy

On the 22nd of October 2015 financial instruments delivering ESI Funds were discussed at a seminar in Rome. This seminar was part of a series of seminars conducted in 25 EU Member States. Following the opening speech of Salvatore Vescina, Presidency of the Council of Ministers of the Italian Republic, practical experiences on the use of financial instruments were presented. This included the experience of supporting SMEs using guarantee schemes in Tuscany under the ERDF programme 2007-13, the experience of JEREMIE in Campania and the experiences of using JESSICA for urban development in Sardinia and Sicily...

Member States seminar series: Romania

On the 8th of October 2015 financial instruments delivering ESI Funds were discussed at a seminar in Bucharest. This seminar was part of a series of seminars conducted in 25 EU Member States. More than 80 people took part in this well-attended seminar. Places at the event had to be extended in order to accommodate the high level of interest from public sector bodies, banking organisations and consultancy companies...

Member States seminar series: Bulgaria

On the 6th of October 2015 financial instruments delivering ESI Funds were discussed at a seminar in Sofia. This event was part of a series of seminars conducted in 25 EU Member States. Around 120 participants attended the seminar in Sofia. This shows a high interest in financial instruments. Following the opening speech by Ms Kordova, Director of the Monitoring of EU Funds Directorate in Bulgaria, practical experience on the use of financial instruments was presented. This included experience from the JESSICA implementation and the use of financial instruments to strengthen risk capital in Bulgaria. Looking beyond Bulgaria, a perspective on the use of EAFRD and EMFF financial instruments in Estonia was presented for the delegates in Sofia...

Case study

The Campania region launched the Microcredit Fund at the end of 2011, with € 100 million of resources committed from the European Social Fund. Read more on how it improves access to finance for young people, the unemployed, women, migrants. Other case studies on the use of ESIF financial instruments in practice can be found here...

Financial Instruments delivering ESI Funds

The European Fund for Strategic Investments (EFSI) can exploit synergies with the European Structural and Investment Funds (ESIF). EFSI is an initiative launched jointly by the European Commission (EC) and the European Investment Bank (EIB) Group to assist in overcoming the current investment gap in the EU by maximising the impact of public resources and by mobilising private financing for strategic investments. Legally speaking, EFSI is not a stand-alone fund. It is formally a contractual arrangement between the EC and the EIB Group, consisting of an EU budget guarantee (€ 16 billion) complemented by an EIB capital contribution (€ 5 billion) to leverage total private and public investment of € 315 billion over the next three years. It has its own dedicated governance structure thus ensuring its focus on its specific objectives, namely to increase the volume of higher risk projects supported by the EIB Group and address market failures in risk-taking which hinder investment in Europe. The rationale of EFSI is to allow EIB to provide additional catalytic, risk-bearing capacity and unlock additional sources of financing in delivering greater societal and economic value.

Promoting financial instruments for agriculture and rural development

The importance of knowledge about using ex-ante assessments properly was one of the main conclusions from the recent fi-compass event focused on the European Agricultural Fund for Rural Development (EAFRD). Knowhow about this and other systematic approaches involved in setting up an EAFRD financial instrument where noted as being extremely useful for EAFRD managing authorities...