The Commission encourages the financing of investment in European enterprises and industries through a wide range of financial programmes and instruments.
DG ECFIN is in charge of implementing a number of these programmes and instruments for financing investment from the Community budget. The funding is channelled through international financial institutions (IFIs) and through specialised programmes such as those targeted at SMEs and Trans-European Networks.
The main participating IFIs are the European Investment Bank (EIB) Group, including the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD), and the Council of Europe Development Bank (CEB) in co-operation with the Kreditanstalt für Wiederaufbau (KfW).
DG ECFIN ensures the necessary coordination between the Commission and the EIB Group and the EBRD, and is represented on the governing bodies of these institutions.
In addition, it undertakes the day-to-day financial market operations associated with the programmes and their implementation. These operations cover substantial off-budget and budgetary resources and require extensive specialised expertise in the financial and banking area.