Guarantee Fund for External Action and EIB external lending mandate [EU Legislation in Progress]

Written by Alina Dobreva with Matthew Parry (1st edition),

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© johnsroad7 / Fotolia

In response to a sharp increase in the number of people trying to migrate to Europe illegally, and as part of the mid-term review of the European Investment Bank’s external lending mandate (ELM), the Commission has proposed an external investment plan to tackle the root causes of migration from countries neighbouring the European Union, consisting of a European Fund for Sustainable Development (EFSD) and quantitative and qualitative changes to the ELM. These changes entail two legislative proposals. A compromise package has been agreed in trilogue between Council and Parliament, with the vote in plenary scheduled for the February I plenary.



Stage: vote in plenary


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