The EU’s ambitious External Investment Plan (EIP) will encourage investment in our partner countries in Africa and the EU Neighbourhood region. It will promote inclusive growth, job creation and sustainable development and so tackle some of the root causes of irregular migration.
The EIP has three parts:
The EIP is guided by the general objectives of the EU’s external action and contributes to:
In 2017, the EU agreed to invest nearly €1.3 billion in 52 blending projects in Africa and the European Neighbourhood under the EIP. The EU contribution will unlock around €10.6 billion in public and private investment which otherwise may not be possible or would be much smaller.
During the first year of the External Investment Plan:
More information: https://ec.europa.eu/europeaid/sites/devco/files/efds-report_en.pdf