2018 Q4 Funding Outlook 2019 & 2020

EFSF & ESM LONG-TERM FUNDING PROGRAMME 2018-2020

FUNDING OUTLOOK FOR 2019

The combined funding for the EFSF and ESM for 2019 will be €32.5 billion

€22.5 billion for EFSF

€10 billion for ESM

Includes N-Bond programme. Please note that figures are based on estimates and may vary.