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Investing in LongtermEurope2

Conference Programme

Long-Term Investments: what role for National Promotional Banks and the EIB?

The ELTI debate on 2 December 2014 concerned the role of National Promotional Banks (NPBs) and the European Investment Bank group (EIB/EIF) in financing long-term sustainable investments and aimed to discuss the ways and means for them to cooperate in support of long-term investment to restart sustainable growth and employment.

All the above should act in line with the European Commission Communication on long-term financing of the European economy put forward in March 2014 which sets out a comprehensive framework of all measures required to secure Europe’s position on a sustainable growth path, including channelling all possible means of finance into the economy.

Other stakeholders are also considering what could be the role of EIB/EIF, the NPBs and MDBs in boosting long-term investment, through various forms of interaction, with or without institutional reforms, that could be thought of and EU budget funds that could also be associated with this dynamic, aiming to leverage in a wider European capacity through a better cooperation model and ensuring not only an appropriate financial resources supply but also support for sustainable investment demand.

The so-called ‘Juncker investment plan’ of € 300 bn. aiming to reconcile the necessary budget discipline and the need to reactivate sustainable growth and employment in Europe is of direct interest in this regard and the debate should help clarify how EIB Group and the NPBs can together support and help implement this plan.

HowtotakeontheLongtermChallengeProgramme   Opening Speech   Position Paper

The infrastructure sector faces major challenges. These include insufficient investments, partly due to fiscal consolidation, as well as shortcomings caused by poor project selection and planning, inefficient delivery and persistent emphasis on building new capacity rather than using existing assets optimally. Among the market inefficiencies, there is a lack of suitable project pipelines, inadequate risk-adjusted returns, prudential and regulatory constraints and high development and transaction costs. But there is also lack of public resources - due to tough fiscal constraints and high public debt which characterize many countries in the world - to complement cash flows coming directly from the projects, which often are not sufficient to make the economic and financial plans sustainable in the long term.

D20 meeting for 2015 organised jointly by LTIC and TSKB starting in the morning; including debates on various economic themes and followed by a social event.

The high level representatives of development finance institutions, long-term investors and major multilateral financial institutions gathered in Istanbul on May 26th, 2015 on the occasion of the third D20 conference. This conference held in Istanbul was preceded by the conferences in Moscow in 2013 and Rome in 2014. During the conference, the main theme of which was “Infrastructure as a Long Term Tool for Sustainable and Comprehensive Growth”, models targeting the long-term nonbank financing of infrastructure projects were elaborated. Additionally, social infrastructure investments targeted at social welfare, health and productivity were discussed in detail.

As an output of the conference, a statement was issued by D20 members to be presented to the leaders in preparation of the G20 summit. The D20 Press Release was also issued.

The LTIC Steering Committee meeting was held on 25 May 2015 at the TSKB premises at the Garden of Eden in Istanbul, Turkey.

CoR An Investment Plan for Europe

Agenda    Conference summary report   Investment Conference Background

On 15 April 2015, the Committee of the Regions (CoR) will bring together EU policy makers and regional and local representatives to assess the Investment Plan from a local perspective. The conference conclusions can be brought to the CoR plenary meeting of the next day the Eurogroup discussion on growth and jobs on 11 May and may contribute to the efforts on aligning the European Semester better with a longer-term investments perspective.

Political leaders and investment experts will discuss three main questions:

  • Is the Investment Plan for Europe an answer to the needs at local and regional level?
  • What is its potential to support growth and jobs in Europe's regions and cities?
  • What role can regions and cities play in the local roll-out of the Investment Plan in the three main strands (mobilisation of investments, managing the project pipeline and improving the investment environment)?
  • How to guarantee and improve the investment capacity of regional and local authorities in times of austerity?

More information, programme and registration: www.cor.europa.eu/investment

JacquesDelorsInstitute

Programme

Invitation for Mr. Dominique de Crayencour to attend the seminar on the Priorities/Word Programme of the European Parliament's Committee on Budgets for the current legislature organised in Brussels on Tuesday, March 31, 2015.

Intervention

Introduced by Jean Arthuis, Chairman of the Committee on budgets, this seminar include four sessions:

I – Expenditure management : How to optimise the use of resources for growth and jobs?

II – Impact of current EU budget instruments on investment (EIB, financial instruments, Public-Private Partnerships)

III – The next MFF: Prospects for the revenue and expenditure side of the EU budget

IV – How to improve interinstitutional cooperation and engage EU institutions, national parliaments and other stakeholders in the debates on the EU budget.

Heating Cooling in the EET

Location
Charlemagne building, rue de la Loi 170, Brussels 1040

This conference, held between 26-27 February 2015 discussed the issues facing the heating and cooling sector which accounts for half of the EU's energy consumption – ahead of both electricity and transport. Attendees included European and national policy makers, representatives from industry, businesses and consumer associations, NGOs, local and national authorities, academia and research institutions. Miguel Arias Cañete, European Commissioner for Climate Action and Energy, and Dominique Ristori, European Commissioner Director-General for Energy, participated.

4 February 2015

Programme   Summary   Key Points

This Finance Watch conference on Capital Markets Union, good securitisation, the ubiquitous role of collateral and alternative paths to jobs and growth took place at The Square, Brussels Meeting Centre, on 4 February 2015.

The EC’s Green Paper and Communication on Long-term financing launched a number of policy initiatives to increase the availability of financing for activities that will bring jobs and growth, focussing on SMEs and infrastructure. The Capital Markets Union agenda adds to these objectives. Market-based and non-bank financing are now among the main ideas being promoted, including the revival of securitisation and increased use of collateral. This conference aims to explore the public interest implications of these activities and to look at alternative policy options to achieve the LTF goals. It will include a presentation of Finance Watch’s recent position paper on long term financing.es and to look at alternative policy options to achieve the LTF goals. It will include a presentation of Finance Watch’s recent position paper on long term financing.

Agenda

G20 Turkey 2015 Invitation was sent to the Investment & Infrastructure Working Group Members (IIWG)

The first meeting of G20 Investment and Infrastructure Working Group (IIWG) in Ankara, Turkey took place at the Ankara Hilton Hotel on 29-30 January 2015.

Infrastructure Investment is gaining ground as a crucial component of G20 agenda during the Turkish Presidency for the essential role that it plays in supporting the ambition to increase growth globally. In this regard, everyone continues to work on defining the best practices, alternative instruments and new collective policies in order to increase the contribution of the private sector to the long-term investment. This first IIWG meeting aims to elaborate on the new narrative and agenda of IIWG and explore the ways of preparing country-specific investment strategies.

Contact

European Long-Term Investors a.i.s.b.l.
Rue Montoyer 51
B - 1000 Brussels
Belgium
secretariat@eltia.eu