The European Investment Bank (EIB) announced on 6 April that the Investment Plan for Europe is now expected to trigger more than EUR 183 billion in investments across all 28 Member States. This comes less than two years after the Juncker Commission launched the European Fund for Strategic Investments (EFSI), which lies at the heart of the Plan, and represents well over half of the EUR 315 billion target of total investments mobilised that was originally earmarked. The operations approved under the EFSI represent a total financing volume of just under EUR 34 billion, including 206 EIB-approved infrastructure projects worth over EUR 25 billion, and 271 SME financing agreements approved by the European Investment Fund (EIF) that are worth almost EUR 9 billion. Over 425,000 SMEs and Midcaps are expected to benefit from these agreements. In other news, the EIF and microlux, a microfinance institution, have signed the first agreement to support microbusinesses in Luxembourg under the EU Programme for Employment and Social Innovation (EaSI). The EIF is providing a guarantee that will enable microlux to provide EUR 5 million in loans to around 400 microbusinesses over the next three years.