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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
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Evaluation of Financial Assistance to Greece
| Videos and photos
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Evaluation Report on past programmes
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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

20
ESM shareholders
€295bn
total amount of loans disbursed by ESM/EFSF
€428.4bn
ESM's remaining lending capacity (Forward Commitment Capacity)
85%
Percentage of ESM’s €500 bn lending capacity currently available
€80.5bn
ESM’s paid-in capital
€17.7billion
amount disbursed to Ireland by EFSF
20.8years
weighted average maturity of EFSF loans to Ireland
2029
Date when Ireland starts to repay EFSF loans. All payments due until 2042
5.5%
Ireland’s estimated GDP growth in 2022
€41.3billion
amount ESM disbursed to Spain
8
number of Spanish banks recapitalised thanks to ESM funds
12.5years
Weighted average maturity of ESM loans to Spain
14.9years
Weighted average maturity of ESM loans to Cyprus