European Commission chief Jean-Claude Juncker held out the promise of an EU-Africa trade pact on Wednesday as part of a ‘partnership of equals’ between the two continents, signalling Europe's stronger involvement in Africa, where Chinese influence is rapidly spreading.
The EU’s External Investment Plan (EIP) is the latest addition to the increasingly cluttered landscape of public-private development finance. The EIP's future shape and the role it can play was one of the hot topics at the European Development Days on 5-6 June.
The number of poor countries facing major debt crises has doubled since 2013, and only 1 in 5 are now considered to be at low risk of crisis. With some countries in the midst of crisis and others on the brink, meeting the Sustainable Development Goals (SDGs) remains a pipe dream, writes Mark Perera.
The European commission has announced funding of €9bn (£8bn) for action on climate change, one of a flurry of measures from governments, businesses and investors aimed at achieving the goals of the 2015 Paris agreement.
The Juncker Plan has been a "miraculous instrument", and Europe now needs the same paradigm change in development policy. That means moving from social policy to economic development, and from grants to loans. The EU will play a huge role in that shift...
MEPs are expected to pass on Thursday (6 July) the new European Fund for Sustainable Development (EFSD), a key element to a plan to raise as much as €88 billion, blending EU funds with national and private financing, bringing African development to a new level.