FiCS Announcement: EU seals agreements to generate €10 billion in investment in Africa and the EU

During the Finance in Common Summit, the European Commission took a major step forward in boosting investment in Africa and the EU Neighbourhood by concluding ten financial guarantee agreements worth €990 million with partner financial institutions that complete the European Fund for Sustainable Development (EFSD), the financing arm of the External Investment Plan (EIP).

Together, these guarantees are expected to generate up to €10 billion in overall investment.