EU gives green light to financial guarantees worth €800 million in Africa

The Commission has given the green light to financial guarantees worth €800 million to fund the first EU External Investment Plan projects in Africa. These guarantee programmes for sustainable investment give access to affordable loans to people who have been forced to flee their country and those who have recently returned home to rebuild their lives and to start small businesses or to have access to new technologies. The EIP aims to promote inclusive growth, job creation and sustainable development and in this way to tackle some of the root causes of irregular migration.

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