EU begins implementation of European Fund for Sustainable Development (EFSD)
On September 28, 2017 the European Commission kick-started the implementation of the EFSD as main instrument in its External Investment Plan (EIP) to support sustainable investments in Africa and the EU Neighbourhood. |
The fund aims to mobilise public and private investment to support sustainable growth in the countries involved and address the root causes of irregular migration.
The funds initial €4.1 billion is expected to catalyse to €44 billion of new investment.