BRUSSELS — European officials showcased their External Investment Plan at the AU-EU Summit in Côte d’Ivoire this week, eager to convey the potential of an initiative they hope will leverage 44 billion euros ($52 billion) in investment in Africa and the countries around Europe’s borders.
Meanwhile, development banks, private investors, small- and medium-sized businesses, and other actors are grappling with how to engage with the EIP, and the accompanying European Fund for Sustainable Development, or EFSD.
The European Commission last week released its most extensive guide yet to the investment plan. But how can development actors get involved?
Interested in engaging with the EFSD? Join our webinar featuring experts from the European Commission, European Investment Bank, and Devex's data team Friday Dec. 1 at 9:00 a.m. EST (2:00 p.m. GMT). They will give you an in-depth look at the fund's priorities — and how best to work with it. Register now.
The investment plan, which is designed for development projects in Africa and the EU neighborhood, consists of three pillars: the EFSD, technical assistance, and improving the investment climate.