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European development and finance institutions have published a new joint statement to reinforce their commitment for an improved European offer on the eve of the EU-AU Summit.

In line with the new European strategy "Global Gateway" and the need to consolidate a clear and efficient European offer, European development banks and finance institutions to implement the new “Team Europe” approach. In close ties with their African partners, they engage to join forces and expertise and enhance their cooperation, also by clarifying and simplifying their offer, in order to strengthen their impact.

From the definition of sustainable normative frameworks, to the development of private sector investments, the financing of quality projects and solid local public entities, providing expertise and capacity building: the reinforced cooperation between all European actors constitutes a real game changer for a new Africa-Europe partnership. Under the leadership of the European institutions, together with the EIB and the EBRD, the European public banks (Enhanced Partnership), EDFI - the Association of European Development Finance Institutions and the cooperation agencies (Practitioners' Network) are thus committed to a "Team Europe" approach to more impact and more visibility.

This commitment is taken in close collaboration with all the African development banks, members of the Finance in Common Initiative (FiCS), in order to scale up the impact of our common action and meet the Sustainable Development Goals (SDGs).

Read the joint statement

Find out more about the cooperation between the European Union and AFD Group

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