The formal creation of the European Fund for Sustainable Development (EFSD), which will allow up to €44 billion of private investment to be leveraged in Africa and countries bordering on the EU, is imminent. The EFSD will have an initial budget of €3.35 billion.
The EU28 sherpas, meeting as COREPER in Brussels on Wednesday 20 September, gave the go-ahead for the formal adoption of the regulation to set up this new fund – a pillar of the European External Investment Plan that attacks...