This evaluation assesses the functioning of the European Fund for Strategic Investments (EFSI), implemented by the EIB Group. EFSI is one of the three pillars of the Investment Plan for Europe (IPE), which aims to reduce investment gaps in the EU. This evaluation, taking place at EFSI’s mid-term, is a requirement of the EFSI Regulation. It will be presented to the European Parliament, Council and Commission.
Areas for improvement
The evaluation suggests several areas for improvement, including: complementarity with the other IPE pillars; the distribution of EFSI’s portfolio across all Member States; private sector participation; additionality; and governance.
This independent evaluation was carried out by the Evaluation Service (EV) of the EIB. EV reports to the Board of Directors and works under the responsibility of the Inspector General.