How the EU budget is spent: European Fund for Sustainable Development
Briefing
02-04-2019
The European Fund for Sustainable Development (EFSD) is one of the EU financial instruments that promote a pro-active development aid policy. It is part of the complex European external investment plan to support investments primarily in the EU neighbourhood and Africa. The EFSD applies the same financial model as the European Fund for Strategic Investments. By 2020, it is expected to generate €44 billion in investments (based on an initial EU contribution of €4.1 billion) to help create jobs and economic opportunities, address the socio-economic causes of migration, and contribute to the achievement of the UN sustainable development goals.
Briefing
About this document
Publication type
Author
Policy area
Keyword
- Africa
- Africa
- cooperation policy
- development aid
- dissemination of EU information
- documentation
- economic policy
- ECONOMICS
- EDUCATION AND COMMUNICATIONS
- EU budget
- EU expenditure
- EU finance
- EU institutions and European civil service
- EU investment
- EU programme
- European construction
- European neighbourhood policy
- EUROPEAN UNION
- FINANCE
- financing and investment
- fund (EU)
- GEOGRAPHY
- INTERNATIONAL RELATIONS
- multiannual financial framework
- summarising
- sustainable development