Members endorsed the 2014 Action Plan which is strongly focused on enhancing long-term investment in Europe as a key to economic recovery.
The goal is to help foster sustainable, resource efficient, socially inclusive and innovative growth and employment.
The priority of ELTI in its first mandate will be to work on the suppression of obstacles and the development of incentives to long-term investment financing. This includes market failures, regulatory environment, reporting rules and appropriate financial instruments. It will also explore opportunities amongst them for common long-term investments, in particular in the innovative financial instruments within the next Multiannual Financial Framework (2014-2020), notably for infrastructure, innovation, resource efficiency and SMEs. Today, ELTI brings together 17 Members, including the four founding institutions of the Long-Term Investors' Club (LTIC), whose total assets amount to €2 trillion.
Werner Hoyer taking up as ELTI President, said: “The ELTI association is a genuine European project. Following the EIB capital increase, it is yet another way to multiply our mutual leverage effect in federating the financial strength of our institutions for growth and employment through long term investment.” He added: “I am honoured and happy to be able to make the link between the work of the EU Bank and all the national Members of ELTI who are pursuing the same objective of supporting EU policy”.
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