- December 7, 2020
- Posted by: Marvin Garcia
This is the context for action by the European External Investment Plan (EIP), of which KfW is a part. The EIP aims to mobilise an investment volume of up to EUR 44 billion in Africa and the EU’s neighbourhood regions by 2020. The goals are to reduce the root causes of migration, to mitigate climate change and promote the private sector. The EIP builds on the familiar EU blending facilities and provides an additional risk assumption facility. The EIP includes an investment fund, the European Fund for Sustainable Development (EFSD), which features, among other things, a new guarantee instrument (EFSD Guarantee) – and this includes the African Energy Guarantee Facility.