The European Commission and the High Representative for Foreign Affairs and Security Policy has launched the Global Gateway, the new EU strategy to underpin a lasting global recovery, taking into account partners needs and EU’s own interests. Global Gateway aims to mobilise up to €300 billion in investments between 2021 and 2027.
The Global Gateway will focus on five main sectors, namely transport, digital, health, climate and energy, education and research. The EU institutions, Member States, and European financial institutions will work together with European businesses as well as governments, civil society and the private sector in partner countries.
The projects will be developed and delivered through Team Europe Initiatives. Global Gateway draws on the new financial tools in the EU multi-annual financial framework 2021-2027, such as the Neighbourhood, Development and International Cooperation Instrument (NDICI)-Global Europe, the Instrument for Pre-Accession Assistance (IPA) III, Interreg, InvestEU, Horizon Europe and the European Fund for Sustainable Development+ (EFSD+).
Global Gateway: up to €300 billion for the European Union’s strategy to boost sustainable links around the world