Summary
This regulation establishes the EFSD to support sustainable investments in Africa and the EU's Neighbourhood, aiming to promote growth and address migration root causes. 10 27.09.2017
Other
energy
economy
environment
human rights
social policy
international relations
public finance and budget policy
employment and working conditions
Key points
- Creation of a new financial tool to boost sustainable investments in Africa and the EU's Neighbourhood.
- The initial investment period for the guarantee is set to run until the end of 2020.
- A significant portion of the funding, at least 35%, should be dedicated to renewable energy and climate change mitigation.
- Specific minimum amounts are allocated for different regions, including hundreds of millions for the 11th European Development Fund and the Neighbourhood.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council on the European Fund for Sustainable Development (EFSD) and establishing the EFSD Guarantee and the EFSD Guarantee Fund
European Fund for Sustainable Development (EFSD) and establishing the EFSD Guarantee and the EFSD Guarantee Fund ***I
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