EU kick-starts its new External Investment Plan

Following the adoption by the European Parliament and the Council, the European Commission immediately starts the implementation of its ambitious External Investment Plan to boost investments in Africa and the EU Neighbourhood. The European Parliament and the Council have adopted the European Fund for Sustainable Development, the heart piece of the EU’s new External Investment Plan (EIP). The EIP will support more inclusive and sustainable development in Africa and the European Neighbourhood. It will boost public and private investment and thus address some of the obstacles to growth in our partner countries and of the root causes of irregular migration. High Representative/Vice-President Federica Mogherini said: “Less than 10 per cent of Foreign Direct Investment in Africa goes to fragile regions – those that need it the most. We want our External Investment Plan to become a powerful engine of more inclusive and sustainable growth, to create green energy, to bring new opportunities to entrepreneurs, also in the European Union, to young people, to empower women. This is the plan Africa needs, this is what our African partners are asking for, this is European partnership at its best.” Commissioner for International Cooperation and Development Neven Mimica added: “Our External Investment Plan marks a new approach for eradicating poverty and achieving inclusive sustainable development. By leveraging in particular private finance, our contribution of €4.1 billion will leverage up to €44 billion of investments which otherwise would not happen. Now it is up to all key players of the private sector in Europe and in our partner countries to join us in creating sustainable growth and decent jobs for the benefit of...
At the United Nations’ General Assembly

At the United Nations’ General Assembly

I write after coming back from New York, where just like every year I took part in the the United Nations’ General Assembly ministerial week. It is a moment to show the European Union’s practical support to the multilateral system and the United Nations – the essential pivot towards peaceful solutions to today’s crises. It was an intense week, difficult at times, with many important achievements but also some tough moments. Starting with the tensions between the United States and Iran. Defending Iran deal On Wednesday night I chaired the meeting with the Foreign Ministers of Iran and the six countries that, two years ago, negotiated the deal on Iran’s nuclear program – the United States, China, Russia, France, Germany and the UK. Together we confirmed that Iran is fulfilling the agreements, as the International Atomic Energy Agency certified eight times. It is up to the IAEA to verify that all nuclear commitments are being implemented: this is what the deal states, together with a Resolution by the UN Security Council. For this reason, the deal belongs to the whole world, not just to one or two countries, and the European Union will do everything in our power to guarantee the deal is fully implemented by all. This is the message I delivered in my meetings with the Vice-President of the United States Mike Pence, with Secretary of State Rex Tillerson, with Iran’s Foreign Minister Javad Zarif and and Russia’s Sergei Lavrov. Here is my press conference on Iran, here my interview with CNN’s Christiane Amanpour. For global non-proliferation In a moment when tension with North Korea continue, it would make no sense to dismantle a non-proliferation deal that is working...