The European Investment Bank (EIB) and the European Commission signed, on Tuesday 28 February, agreements worth €4 billion to promote private sector investment in African, Caribbean and Pacific (ACP) countries, the bank and the Commission announced the same day.
This amount includes two components, namely:
- a contribution of €500 million from the EU’s 2021-2027 external budget to the ACP Trust Fund, established and managed by the EIB, which will support, for example, small-scale...