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Monday, 18 December 2017 10:05

The European Union's External Investment Plan

The European Commission has defined concrete areas of investments for its External Investment Plan. The new plan will mobilise €44 billion of sustainable investment for Africa and the EU Neighbourhood countries.

The European Commission singles out five areas of investment, so-called "investment windows", in which the first actions of the External Investment Plan (EIP) will be implemented. These investment areas are crucial for the sustainable development in countries in Africa and the EU Neighbourhood countries.
The five investment windows include:
- Sustainable Energy and Connectivity – to attract investments in renewable energy, energy efficiency and transport.
- Micro, Small and Medium Sized Enterprises (MSMEs) Financing – to improve MSME's access to finance. Such businesses are the main employers in Africa and the EU Neighbourhood, and offer important and more sustainable alternatives to the informal economy.
- Sustainable Agriculture, Rural Entrepreneurs and Agribusiness – to provide better access to finance for smallholders, cooperatives and micro, small and medium sized enterprises agribusiness, allowing to address food security issues.
- Sustainable Cities – to mobilise investments in sustainable urban development of municipal infrastructure, including urban mobility, water, sanitation, waste management, renewable energy services.
- Digital for Development – to promote investments in innovative digital solutions for local needs, financial inclusion and decent job creation.
As a next step, the European Commission will invite eligible financial institutions, for example development banks, to present their concrete proposals for investment programmes within these five areas. After an assessment by the Commission and independent experts, a number of selected financial institutions will be entrusted with managing these investment programmes. The first agreements with such financial institutions are expected to be signed in the first half of 2018.

  • Author: Carmen Ciobanu
  • Country: Europe
  • Language: English

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