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European Fund for Sustainable Development. EFSD

EU to generate €10 bln in investment in Africa and the EU Neighbourhood and stimulate global recovery

1 min read

The FINANCIAL — On 12 November, the European Commission took a major step forward in boosting investment in Africa and the EU Neighbourhood, helping to stimulate global recovery from the pandemic, by concluding ten financial guarantee agreements worth €990 million with partner financial institutions that complete the European Fund for Sustainable Development (EFSD), the financing arm of the External Investment Plan (EIP). Together, these guarantees are expected to generate up to €10 billion in overall investment. Guarantees agreements include the earlier announced €400 million guarantee – that complements the additional €100 million EU grant announced on 12 November – for…

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EU to generate €10 bln in investment in Africa and the EU Neighbourhood and stimulate global recovery

1 min read

The FINANCIAL — On 12 November, the European Commission took a major step forward in boosting investment in Africa and the EU Neighbourhood, helping to stimulate global recovery from the pandemic, by concluding ten financial guarantee agreements worth €990 million with partner financial institutions that complete the European Fund for Sustainable Development (EFSD), the financing…