Link2007 has organised a meeting concerning the “European Investment Plan in Africa and in Mediterranean/Middle-east area”, in collaboration with Mario Giro, Deputy Minister for development cooperation, Pietro Sebastiani, Director-General, Laura Frigenti, Branch Manager, Bernardo Bini Smaghi, CDP’s Business Development Director and Roberto Ridolfi, Director of Sustainable Grow and Developement (Devco/CE, Bruxelles).
Link2007 network considered this moment as a useful chance of dialogue with the representatives of business world, development cooperation, main public institutions and media interested at the theme, to seize Plan’s opportunities and useful elements for the definition of an Italian coordinated communication strategy.
The new “ambitious” European Foreign Investment Plan follows strategic lines defined by “Development” and “Neighbourhood” DGs together with the High Representative for the Common Foreign and is managed with Bei’s support.
Investments will intervene directly and with priority on the deepest migration causes, starting from the lack of stable and paid employment. In the early-stage, a “European Sustainable Development Fund” of 2.6 billion euros and a “Guarantee Fund” of 1.5 billion will be available, also aiming at enhancing the leverage effect – quantified in a total amount in investments of 44 billion euros – and promoting interventions in the most risky areas.
The Plan aims at involving both public and private sectors and at integrating European, national, international, public and private funds, without underestimating no-profit organisations’ social role. For Italy, this is an opportunity to catch to reinforce partnerships in Africa and in Mediterranean Area/Middle-East, consistency with L. 125/2014 on development cooperation and with sustainability objectives of 2030’s Agenda.
Source: Link2007