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?
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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.
About the author
Vince Chadwick
Vince Chadwick is the Brussels Correspondent for Devex. He covers the EU institutions, member states, and European civil society. A law graduate from Melbourne, Australia, he was social affairs reporter for The Age newspaper, before moving to Europe in 2013. He covered breaking news, the arts and public policy across the continent, including as a reporter and editor at POLITICO Europe.
