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Financial Assistance

Programme Countries

Ireland
  • ProgrammeEFSF 3-year programme
  • PeriodDec 2010 - Dec 2013
  • Total disbursed (€)€17.7 bn
  • Loan repaymentsfrom 2029 to 2042
  • Average maturity20.8 years
Greece
  • ProgrammeESM 3-year programme
  • PeriodAug 2015 - Aug 2018
  • Total disbursed (€)€61.9 bn
  • Loan repaymentsfrom 2034 - 2060
  • Average maturity32.35 years
  • ProgrammeEFSF 3-year programme
  • PeriodMar 2012 - Jun 2015
  • Total disbursed (€)€141.8 bn
  • Loan repaymentsfrom 2023 to 2070
  • Average maturity42.45 years
Spain
  • ProgrammeESM programme to recapitalise the banking sector
  • PeriodDec 2012 - Dec 2013
  • Total disbursed (€)€41.3 bn
  • Loan repaymentsfrom 2022 to 2027
  • Average maturity12.5 years
Cyprus
  • ProgrammeESM 3-year programme
  • PeriodApr 2013 - Mar 2016
  • Total disbursed (€)€6.3 bn
  • Loan repaymentsfrom 2025 to 2031
  • Average maturity14.9 years
Portugal
  • ProgrammeEFSF 3-year programme
  • PeriodMay 2011 - May 2014
  • Total disbursed (€)€26 bn
  • Loan repaymentsfrom 2025 to 2040
  • Average maturity20.8 years
 
ESM/EFSF
Default
  • completed programme
  • ongoing programme
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ESM/EFSF
Greece
Three programmes restore growth, confidence
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ESM
Cyprus

Cyprus recently concluded its 3-year ESM programme, having received €6.3 bn in loans

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EFSF
Ireland

Ireland was the first EFSF programme country (2011-13), receiving €17.7 bn in loans

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EFSF
Portugal

Portugal received €26 bn in loans from the EFSF (2011-14)

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ESM
Spain
The ESM disbursed €41.3 bn of €100 bn available to Spain.
EVALUATION OF PAST EFSF/ESM PROGRAMMES
Highlights
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Explainer: Evaluation of Financial Assistance to Greece
| News
first-evaluation-report--media-1800-1000
Evaluation of Financial Assistance to Greece
| Videos and photos
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Evaluation Report on past programmes
Tumpel-Gugerell-724-466
G. Tumpel-Gugerell on the report- video
| Videos and photos

Financial Assistance Database

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Programme Overview
An overview of amounts disbursed and repaid for all EFSF/ESM programmes
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Disbursements
Loan disbursements displayed as per use of funds, lending contracts, and funding strategy
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Repayments
Loan repayment profiles, viewable at different points in time and for individual lending contracts
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Interest and Fees
Historic payment flows (interest, fees, and principal) between the EFSF/ESM and programme countries
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Conditionality
Policy conditions and compliance assessments displayed for all reviews throughout a programme
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Indicators
Economic indicators for programme countries as recorded in review reports

Facts

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20
ESM shareholders
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€295bn
total amount of loans disbursed by ESM/EFSF
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€427bn
ESM's remaining lending capacity (Forward Commitment Capacity)
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85%
Percentage of ESM’s €500 bn lending capacity currently available
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€80.5bn
ESM’s paid-in capital
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€17.7billion
amount disbursed to Ireland by EFSF
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20.8years
weighted average maturity of EFSF loans to Ireland
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2029
Date when Ireland starts to repay EFSF loans. All payments due until 2042
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5.5%
Ireland’s estimated GDP growth in 2022
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€41.3billion
amount ESM disbursed to Spain
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8
number of Spanish banks recapitalised thanks to ESM funds
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12.5years
Weighted average maturity of ESM loans to Spain
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14.9years
Weighted average maturity of ESM loans to Cyprus