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Why is it important to have an evaluation of ESM’s financial assistance?
This follows best practice of other international financial institutions, such as the European Investment Bank, the International Monetary Fund and the World Bank, who also frequently evaluate their activities to promote accountability and learning, and thereby also the credibility and public trust in the institutions.
This follows best practice of other international financial institutions, such as the European Investment Bank, the International Monetary Fund and the World Bank, who also frequently evaluate their activities to promote accountability and learning, and thereby also the credibility and public trust in the institutions.
Go to the online: ESM Annual Report 2018
The annual report contains a description of the ESM's policies, activities, financial statements and economic developments in 2018. Additionally, it contains an external auditor's report and a report of the Board of Auditors.
Luxembourg − The Board of Governors of the European Stability Mechanism (ESM) today approved the terms of reference for the evaluation of the financial assistance to Greece as defined by Joaquin Almunia, who is leading the exercise. The evaluation will focus on stability support provided by the EFSF and ESM, including the 2012 private sector involvement and the post-programme monitoring period until the third quarter of 2019.
Luxembourg – The Board of Governors of the European Stability Mechanism (ESM) held its seventh Annual Meeting today at the ESM’s premises in Luxembourg and approved the ESM Annual Report for 2018. The Board of Governors comprises the 19 euro area finance ministers. They discussed the main developments of the ESM over the past year and its key activities, including funding, investment and lending.
The ESM engages in substantial financial operations daily.
Balance sheet
At year-end, the total ESM balance sheet was €807.1 billion. Compared to 31 December 2017, the balance sheet increased by €10.1 billion, mainly due to new loan disbursements in 2018.