Local view for "http://purl.org/linkedpolitics/eu/plenary/2017-07-05-Speech-3-460-000"
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"en.20170705.36.3-460-000"2
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"Mr President, the European Fund for Sustainable Development (EFSD) is the flagship policy of the EU’s external investment plan, launched last year in response partly to the migration crisis. High population growth across Africa without the employment opportunities to match is a growing problem, likely to be made worse by the effects of climate change as time goes on. Fragile states with weak public institutions, limited track records in the rule of law, and challenges to democracies are particularly affected and are naturally a deterrent to the necessary private investment required to generate jobs.
The EFSD and the EFSD Guarantee are seeking to try and plug that gap by the European Union and aims at aiding and leveraging investment from private business and institutions. It is projected that EUR 3.5 billion of EU investment could generate as much as EUR 88 billion of total investment. The EFSD will also seek to provide technical assistance to governments in the region in order to mobilise further investment. It is something that I fully support."@en1
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