Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaScaling up sustainable finance in low and middle-income countries: High-Level Expert Group kick-starts work
The High-Level Expert Group (HLEG) on scaling up sustainable finance in low and middle-income countries meets in Brussels today for the first time kick-starting their reflection on the challenges and opportunities of sustainable finance in partner countries with a view to providing recommendations to the Commission on how to scale up funding from the private sector.
At a time when the multiple global crises are taking a heavy toll on the global economy, overturning years of progress towards the Sustainable Development Goals (SDGs), helping partner countries in accessing finance for their sustainable infrastructure projects is critical to a global recovery, in line with the Global Gateway strategy.
Commissioner for Neighbourhood and Enlargement Negotiations, Oliver Várhelyi, added: “In these difficult times, it is crucial to scale up sustainable finance in all low- and middle-income countries, including in our immediate Eastern and Southern Neighbourhood. These countries need substantial investments more than ever, especially now, in the aftermath of Russia’s war of aggression in Ukraine. If we want to see our partners in the Neighbourhood undertake the necessary reforms and invest in sustainable projects, more resources are needed, and we need to further mobilise the private sector.”
Countries covered:
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Algeria
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Egypt
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Israel
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Jordan
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Lebanon
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Libya
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Morocco
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Palestine *
-
Syria *
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Tunisia
