The European Investment Bank (EIB) and the European Fund for Strategic Investments (EFSI) have entered into an agreement that aims to boost investment in Europe. This agreement, which was signed in 2015, has been instrumental in supporting various projects across the European Union.

EFSI was established as part of the Investment Plan for Europe, which was launched by the European Commission in 2014. The plan was designed to stimulate investment in the European Union by creating a new infrastructure for investments.

The EIB, on the other hand, is the EU`s bank, which provides financing for projects that contribute to achieving the European Union`s policy objectives.

The EIB-EFSI agreement seeks to combine the expertise and resources of both institutions to provide more funding for projects across Europe. Under the agreement, EFSI will be able to use the EIB`s balance sheet to leverage more investment, which will enable the financing of more high-risk projects.

The agreement also allows the EIB to provide loans and guarantees to support projects that are not eligible for financing under the EFSI. This means that more projects can benefit from EIB financing, which can help to boost economic growth across the European Union.

The EIB-EFSI agreement has already supported numerous projects across the European Union. These projects include investments in renewable energy, transport infrastructure, and small and medium-sized enterprises (SMEs).

One notable project that has benefited from the agreement is the North Sea Wind Power Hub. This project aims to create a large-scale infrastructure for offshore wind energy production in the North Sea. The project is seen as a major milestone in the development of renewable energy in Europe and is expected to provide energy for millions of households.

In conclusion, the EIB-EFSI agreement is a crucial initiative that aims to stimulate investment and economic growth in the European Union. The agreement has already supported numerous projects across Europe and is expected to continue to provide funding for high-risk projects that contribute to achieving the European Union`s policy objectives.