The Member States' ambassadors to the European Union (Coreper) confirmed without discussion on Wednesday 27 March the provisional agreement reached last week by European Parliament negotiators and the Romanian Presidency of the Council of the EU on the InvestEU programme, which is destined to take over and expand the ‘Juncker’ investment plan after 2020.
The compromises reached, particularly on the mobilisation of the future InvestEU Fund in favour of the fight against climate change and on the location of the Investment Committee Secretariat within the European Commission, are holding up well (see EUROPE 12218/14).
However, several Member States have made a joint declaration which will be appended to the legislative text. According to the Romanian Presidency, this declaration concerns the alignment of the programme’s duration, which is not explicitly specified in the agreed text, with the seven-year duration of the 2021-2027 multiannual financial framework (MFF).
The amounts allocated to InvestEU will be negotiated as part of the broader discussions on the MFF for which unanimous agreement is expected at the October European Council. (Original version in French by Mathieu Bion)