According to the report published today by the Court of Auditors, the European Fund for Strategic Investments (EFSI) did not reach the target of 500 billion euros in additional investments in the real economy by 2022, but its results were overestimated by the Commission by 131 billion. Moreover, the judges in Luxembourg highlight that, in the absence of an ex-post evaluation, the Commission is unable to demonstrate that the investments mobilized thanks to the European Fund for Strategic Investment (EFSI) would not have been realized without the Fund's intervention.
This is a highly relevant analysis at a time when discussions are underway about strengthening InvestEU, the successor to the EFSI, and how to better leverage financial instruments in the EU Budget 2028-2034 to maximize the impact of European funds.
