How the EU budget is spent: European Fund for Sustainable Development

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.

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.