The ‘European Fund for Strategic Investments’ (EFSI), which preceded the InvestEU programme, played a major role in stimulating additional private investment from 2015 onwards, but failed to achieve the target of €500 billion in additional investment, the European Court of Auditors said in an audit published on Wednesday 19 March.
“EFSI has made a substantial contribution to filling the EU's investment gap and has supported a wide range of different activities, from microfinance to...