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Financial Assistance

Programme Countries

    Ireland
    Greece
    Spain
    Cyprus
    Portugal
     
    ESM/EFSF
    Default
    • completed programme
    • ongoing programme
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    EFSF

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

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    ESM/EFSF
    Three programmes restore growth, confidence
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    ESM
    The ESM disbursed €41.3 bn of €100 bn available to Spain.
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    ESM

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

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    EFSF

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

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

    Facts

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    19
    ESM shareholders
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    €295 bn
    total amount of loans disbursed by ESM/EFSF
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    €25—30 bn
    amount of bonds currently issued annually
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    €413.8 bn
    ESM's remaining lending capacity (Forward Commitment Capacity)
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    82%
    Percentage of ESM’s €500 bn lending capacity still available
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    5
    countries have successfully completed EFSF/ESM programmes: Ireland, Spain, Portugal, Cyprus, Greece
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    €18.2 bn
    Accumulated savings for the 5 programme countries in 2019 as a result of EFSF/ESM financing
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    42.5 years
    Maximum weighted average maturity of EFSF loans to Greece