German and European Legal Framework for ESF in the context of the coronavirus pandemic

Legal framework for the ESF in the context of the energy crisis

Legal basis for financing measures resulting from the energy crisis is the third part of the Stabilisation Fund Act (StFG).

Supervisory structures of the ESF

The Federal Republic of Germany - Finance Agency (Finance Agency) is a company under private law in which the Federal Republic of Germany (represented by the Federal Ministry of Finance) has a direct and sole shareholding.

It performs tasks for the Federal government on a statutory basis, including the administration of the Economic Stabilisation Fund (ESF) since 2020 and the management of stabilisation instruments issued in connection with the coronavirus pandemic. The Federal Ministry of Finance exercises legal and technical supervision over the Finance Agency. The interministerial committee for the ESF decides on matters of principle as well as matters of particular importance and takes decisions on essential measures and conditions. (section 20 StFG).

Within the framework of the parliamentary control task pursuant to the Stabilisation Fund Act (StFG), the Federal financing committee is informed by the Federal Ministry of Finance on all matters concerning the special fund ESF.