Investment Plan for Europe: France to contribute €8 billion

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2015-03-08

France announced that it would contribute €8 billion in the context of the European Fund for Strategic Investments (EFSI), which is the core element of the Investment Plan for Europe on March 6. The contribution will come via France's National Promotional Banks Caisse des Dépôts (CDC) and Bpifrance (BPI).

European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: "I welcome the excellent news from France. The contribution via the National Promotional Banks will ensure the Investment Plan for Europe is adequately implemented in France, benefitting from the expertise of CDC and BPI. The plan is progressing fast with the commitment of Member States, and we are confident that the results will start to be visible this summer."

The announcement comes just days before European Union finance ministers are due to agree on the Commission’s proposal for a Regulation on the European Fund for Strategic Investments (10 March). The Commission is ready to provide all the technical support needed to get the proposal adopted by the co-legislators swiftly.

Source: European Commission

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