Detailed Agenda
On 15 October 2020, the European Court of Auditors (ECA) is hosting an online virtual event entitled “Boosting Investments in the EU through Financial Instruments & Technical Assistance in times of Crisis - Lessons Learned from the European Court of Auditors”.
ELTI Secretary-General Helmut von Glasenapp will feature as be a panelist in the third session, namely in the discussion concerning ‘Crowding-out: “Is the EIB crowding out private market finance?’. This panel will be moderated by ECA member Leo Brincat.
There will be four sessions of presentations followed by panels to discuss the following topics:
- The Benefits of Technical Assistance in Europe
- Priorities and Geographical Balance for Technical Assistance
- Crowding-Out: Is the EIB crowding out private market finance?
- Future Challenges for Technical Assistance and InvestEU after the Crisis
Boosting Investments in times of Crisis
In November 2014, the European Commission and the European Investment Bank (EIB) launched the Investment Plan for Europe (IPE) in response to the decline in investment in Europe since the start of the financial and economic crisis in 2008. The IPE was made up of three “pillars":
(i) The European Fund for Strategic Investments (EFSI), providing finance for investment supported by an EU budgetary guarantee,
(ii) The European Investment Advisory Hub (EIAH), providing technical assistance to both private and public project promoters, and the European Investment Project Portal (EIPP) - an online platform to help EU-based project promoters find investors
(iii) Measures to remove barriers to investment across Europe and improve investment conditions in Europe
Further measures to boost investment will play a key role in the future of Europe in the aftermath of the current crisis.
Why Technical Assistance is Crucial for Boosting Investments
Technical Assistance aims at increasing the efficiency, effectiveness and sustainability of investment activities. This is achieved by providing advisory support to enhance the capacity of promoters and financial intermediaries with financing and investment operations at all stages of an investment project.
