Which role for public investment banks in Europe ?

Laurent ZYLBERBERG President of the European Long-Term Investors association (ELTI) [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-p7.pdf||target:%20_blank »] Nearly two years after being announced by President Juncker, the Investment Plan for Europe (IPE) is delivering its first encouraging results, thanks largely to the strong involvement of Europe’s financial institutions (National Promotional Banks and Institutions, or NPBIs), which have grouped together under the banner of the European Long-Term Investors association (ELTI). The NPBIs, which have a comprehensive knowledge of local stakeholders and their respective domestic markets, clearly positioned themselves from the outset as “facilitators” in the national roll-out of the IPE, with the aim of encouraging dynamic management of the European Fund for Strategic Investments (EFSI), attentive to project developers’ needs and capable of mobilising private stakeholders. The NPBIs have therefore helped to identify and structure projects in the different Member States. By September 2016, they had co-financed more