The Extension of the EFSI

Rick WATSON Head of Capital Markets, AFME [vc_btn title= »Télécharger l’article » style= »outline » color= »blue » align= »right » i_icon_fontawesome= »fa fa-file-pdf-o » add_icon= »true » link= »url:http%3A%2F%2Fconfrontations.org%2Fwp-content%2Fuploads%2F2017%2F01%2FEN-Interface-106-ILT-p8.pdf||target:%20_blank »] Last September, the Commission proposed an extension of the EFSI to €500bn by 2020. The AFME-ICMA Infrastructure Working Group (“WG”) welcomed the launch of the initial EFSI in 2015, expected to crowd in private investors. In its evaluation report, the EIB found that 60% of investment potentially mobilised by EFSI comes from the private sector . Those new investments could increase the GDP by 1.1% creating 1.4m jobs . The industry WG, comprised of a wide range of arrangers, investors, CRAs and law firms, actively supported the launch of EFSI by publishing the AFME ICMA Guide to Infrastructure Financing . The guide is intended to help procurement agencies and sponsors obtain the best value for money by considering issuance process, investors in the sector, examples of various types of EIB and non-EIB transactions