Europe's new plan for investing in Africa will see EU development support being channelled through private companies. Here we look at what the EU must do to ensure those funds actually go to the people aid is meant to help.
This note explains what the new European External Investment Plan (EIP) consists of, what the blending and guarantee mechanisms it contains look like, and why donors are advocating for these modalities. It ends with Oxfam’s and other civil society organisations' concerns and recommendations for implementation. This note is aimed to inform relevant stakeholders while discussing the implementation of the EIP at its launch at the AU-EU Summit, the events around the Summit and in future forums.