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TunisiaExternal Investment Plan: Helping the neighbourhood region achieve sustainable growth
September 26, 2016
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EU High Representative for foreign affairs Federica Mogherini and Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn explain in a joint Op-ed that with the External Investment Plan, the EU is taking its aid policies to the next level, by involving the private sector in order to achieve a sustainable growth and the transformation agreed in the Sustainable Development Goals.
The plan aims to leverage more than EUR 40 billion in investments in the broader neighbourhood. “That is more than the EU currently invests on aid worldwide. This amount could be doubled if our member states match the EU contribution,” underlined the EU officials.
They explained that the European Fund for Sustainable Development will guarantee private investors against the risk they face when they start a business in developing countries. “This guarantee will not only promote single projects but also larger “investment windows” in strategic regions or sectors.”
The Plan will be accompanied by policy dialogues and capacity building activities. A “one stop shop” will encourage private and institutional investors, from both Europe and partner countries, to channel their proposals and to gather information on the incentives and the investment windows. The External Investment Plan will provide technical assistance to enhance the quality, the number and the sustainability of projects. The European Commission, the European Investment Bank and other international financial institutions – with the specialist advice of private operators – will work hand in hand to deliver a swift and business-oriented screening of projects.(EU Neighbourhood Info)
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EU Neighbourhood Info Centre – EIP: new instrument to boost investment in EU Neighbourhood and Africa (15-09-2016)
European External Investment Plan – Factsheet
European External Investment Plan: Questions and Answers
Communication from the Commission – Strengthening European Investments for jobs and growth: Towards a second phase of the European Fund for Strategic Investments and a new European External Investment Plan
