Global Gateway

Global Gateway  (geopolitics)
The EU’s much-hyped Global Gateway is just 'old wine in new bottles', critics say

The Global Gateway Initiative is a strategy by the European Union to invest in infrastructure projects worldwide. The project was initiated in December 2021 by the European Commission under the leadership of Ursula von der Leyen.

Over the period 2021–2027, the EU will invest €300 billion. Investment into Africa is the regional priority of the initiative, as half the funds are allocated to projects on the continent. The aim is to improve the green transition, digital transition, sustainable economic growth, health care and education in Africa.

The Global Gateway is seen as an alternative or rival to the Chinese Belt and Road Initiative. But the EU "wants to encourage links, and not dependencies", according to von der Leyen.

As of December 2022, Global Gateway has been criticised for failing to provide concrete details on projects and drawing heavily on already-existing programmes.

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References

This page imported content from Wikipedia on 17 June 2024.
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