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EU: EU wants to trigger billions of investments in partner countries

2020-01-22T19:52:14.108Z

ZEIT ONLINE | News, backgrounds and debates



Brussels (dpa) - New EU aid is expected to trigger investments in Africa amounting to two billion euros. The EU Commission signed so-called guarantee agreements worth 216 million euros. The guarantees are intended to reduce the risks for private and public investors in countries with difficult economic conditions. The money mobilized in this way is to flow into neighboring EU countries and Africa into urban infrastructure and start-up companies. In addition, investments should be made in renewable energies.

Source: zeit

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