Source: European Parliament
The EU’s Global Gateway (GG)[1] aims to mobilise up to EUR 300 billion in public and private investments by 2027 through a mix of grants, loans and guarantees.
Over 2021-2023, EUR 179 billion were mobilised — EUR 50 billion from the EU and EUR 129 billion from Member States[2], the European Investment Bank and the European Bank for Reconstruction and Development (EBRD).
The GG strategy fosters sustainable investments to support the digital and green transitions, as well as sustainable development in the climate, energy, and transport sectors, and reinforces, health, and education systems.
The GG Business Advisory Group was formed to assist the Commission to strengthen cooperation with the European private sector. EU delegations have also organised over 50 business forums, facilitating discussions between businesses and policymakers and enabling EU-national Business-to-Business interactions.
The European Fund for Sustainable Development Plus and the GET.invest programmes mobilising renewable energy investments[3] provide support through European development financing partners. This is done through loans, equity, and grants (and also advisory services).
The EU established 14 strategic partnerships for sustainable raw material value chains, supporting local processing, refining, skills development, and environmental standards, and endorsed several GG-related flagship projects in Africa, Central Asia and Latin America.
Other key initiatives include the Hi-Bar guarantee with the EBRD, a blending facility with the Inter-American Development Bank, and the critical raw materials value chains facility, which enhances collaboration between the EU and partner countries on sustainable raw material development.
- [1] Joint Communication to the European Parliament, the Council, the European Economic and Social Committee, the Committee of the Regions and the European Investment Bank The Global Gateway, JOIN(2021) 30 final, https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52021JC0030
- [2] Joint Communication on building sustainable international partnerships as a Team Europe, JOIN(2024) 25 final , https://international-partnerships.ec.europa.eu/document/download/1e8e8afb-64eb-493c-9494-7e2e10796bf3_en?filename=joint-communication-building-sustainable-international-partnerships-as-team-europe_en.pdf
- [3] https://international-partnerships.ec.europa.eu/policies/programming/projects/getinvest-mobilising-renewable-energy-investments_enpa.eu