On Wednesday 9 October, the European Investment Bank (EIB) announced that it had signed agreements with seven EU Member States to provide just over €74 million for a new ‘ACP Trust Fund’.
This commitment, made as part of the EU’s Global Gateway investment plan, is aimed at stimulating “inclusive and sustainable” growth in the countries of Africa, the Caribbean and the Pacific, with a focus on the least developed countries and fragile areas, said the EIB in a press release.