>@Imagemaker/To be defined
©Imagemaker/ To be defined

Société nationale de crédit et d’investissement (SNCI) and the EIB today signed a Memorandum of Understanding strengthening their cooperation in the framework of EFSI. SNCI, which will be Luxembourg’s national promotional agency under the Investment Plan for Europe, is contributing EUR 80 million for financing corporate projects eligible for EFSI. 

The Luxembourg Chamber of Commerce, SNCI, the European Investment Bank (EIB) and the European Investment Fund (EIF), in cooperation with the Ministry of Finance, held an information seminar on the European Fund for Strategic Investments (EFSI) for a large audience composed of private sector professionals, entrepreneurs, bankers and venture capital investors.

The background to the seminar was the Investment Plan for Europe, an ambitious programme aimed at boosting investment in the EU to foster the return of growth and employment.

At the same event, a Memorandum of Understanding between the EIB and SNCI was signed by EIB Vice-President Pim van Ballekom and SNCI’s President Patrick Nickels in the presence of Finance Miniser Pierre Gramegna. In this MoU, the two institutions commit to working together, in particular in the context of SNCI’s planned contribution of EUR 80 million to financing projects under the Investment Plan for Europe.