EU-funded global development strategy and framework
Global Gatweway
Logo of the Global Gateway Initiative
Formation
1 December 2021; 2 years ago (1 December 2021)
Founder
European Union
Purpose
Promote green, democratic and secure economic development and partnership
Location
Worldwide
Main organ
EU Commission
Budget
EUR€ 300 billion
Website
https://ec.europa.eu/
The Global Gateway Initiative is a worldwide strategy by the European Union to invest in infrastructure projects worldwide.[1][2] The project was initiated by the EU Commission under the leadership of Ursula von der Leyen. Over the period 2021–2027, the EU will invest €300 billion.[1] Investment into Africa is the regional priority of the initiative, as half the funds are allocated to projects to improve the green transition, digital transition, sustainable economic growth, health care and education in Africa.[1]
The initiative is seen as an alternative or rivalry to the Chinese Belt and Road Initiative,[1][3] which EU leaders heavily criticised because of human rights abuse concerns and economic risks, disadvantages and a one-sided trade relation.[4] The EU wants to encourage links, and not dependencies, according to von der Leyen. As of December 2022, Global Gateway has been criticized for failing to provide concrete details on projects and drawing heavily on already-existing programmes.
^ abcdTagliapietra, Simone (2024). "The European Union's Global Gateway: An institutional and economic overview". The World Economy. doi:10.1111/twec.13551. ISSN 0378-5920.
^"Global Gateway: up to €300 billion for the European Union's strategy to boost sustainable links around the world". EU Commission. Retrieved 5 December 2021.
^"EU launches 'Global Gateway' to counter China's Belt and Road". Politico. Retrieved 5 December 2021.
^"EU ambassadors band together against Silk Road". Handelsblatt. Retrieved 5 December 2021.
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