Thread by @SanBilal1

1/ The #GlobalGateway proposed by the @EU_Commission is a most welcome initiative. It builds on EU strategic priorities and strength on development finance for sustainable investment

2/ But the real question is whether the EU will have the means of its ambitions. Where is the additional financial firepower? Or is it just smart re-branding of what the EU planned to do anyway?

EU aid long-term budget is set. Programming of EU aid is already underway.

3/ The EU needs to collectively identify new sources of funding beyond its current resources to deliver at scale and truly compete with the BRI.

It needs to empower its PDBs/DFIs to do even more, beyond EFSD+: @EIB @EBRD @EDFInetwork @AFD_en @KfW_FZ_int @CDCgroup @AECIDEGIPTO

4/ A true innovation under #GlobalGateway would be the establishment of the proposed European Export Credit Facility, expanding the existing toolkit of the EU to meet its geoeconomic global ambitions.

5/ In the context of its partnership with Africa, we suggested how the EU can do more to stimulate sustainable investment (w/ @keijzer_niels @DIE_GDI & @PamellaEunice @ECDPM)

See our @ETTG paper

ettg.eu/publications/t…

6/ It would also require PDBs/DFIs, and their shareholders, to further enhance their business model and engagement towards sustainable investment. Here are some ideas I suggested earlier this year:

ecdpm.org/publications/e…

7/ The EU wants to help foster an #SDG-aligned #GlobalGateway . A more systematic SDG-alignment of PDBs/DFIs can go a long way to improve their business model, as we argued in our @ETTG study, discussed at @FinanceInCommon

ettg.eu/publications/f…

8 / Last, the EU needs to tailor its #GlobalGateway to boost its geopolitical ambitions and help the establishment of a real EU economic diplomacy, which is still in the making, as I argued in a recent paper

respect.eui.eu/wp-content/upl…