Financing Desertec: EU Platform for External Cooperation and Development

A Commission expert group, including the European Investment Bank and Member States, has begun studying the possible establishment of an EU Platform for External Cooperation and Development. The aim would be to increase the impact of EU external cooperation activities by optimising financial mechanisms blending EU grants and loans. This will allow to leverage limited financial resources to support external and development policy priorities for the benefit of EU partner countries. According to Vice-President for Economic and Monetary Affairs and the Euro Olli Rehn and Commissioner for Development Andris Piebalgs an EU platform could provide a strong additional impetus to pooling our resources and promoting a European approach. The road out of poverty for developing countries requires the creation of a favourable business environment for the local private sector, attracting private domestic and foreign investment, and improving infrastructure ...Zum vollständigen Artikel

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