Implementation of EU External Investment Plan

Summary:

The European Commission announced on 28 September 2017 the start of the implementation of its External Investment Plan (EIP), following the adoption of the European Fund for Sustainable Development (EFSD) by the EU co-legislators.

The EU and Morrocco marked the launch of the EIP in the country on 19 June 2018.

Further information:

The External Investment Plan (EIP) vows to support more inclusive and sustainable development in Africa and the European Neighbourhood. It aims to boost public and private investment and thus address some of the obstacles to growth in partner countries and of the root causes of irregular migration.

To mark its implementation, the first Strategic Board of the European Fund for Sustainable Development (EFSD) met on 28 September 2017. The stakeholders discussed a series of proposals for concrete areas for investment, the so-called 'investment windows'. These windows define priority sectors for the EFSD Guarantee.

• Primary Source

United Nations: UNDP: Achim Steiner, UNDP Administrator, Speech on EU External Investment Plan – Mobilizing investments for the SDGs [20 September 2017] http://www.undp.org/content/undp/en/home/presscenter/speeches/2017/09/20/speech-on-eu-external-investment-plan-.html

European Commission: European External Investment Plan [Q&A] http://europa.eu/rapid/press-release_MEMO-17-3484_en.htm

European Commission: Press Release, 19.06.18: EU-Morocco partnership: first investments in Morocco under the European External Investment Plan to increase business opportunities, enhancing job creation, private sector development and inclusive growth http://europa.eu/rapid/press-release_IP-18-4190_en.htm

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