Thread by @SanBilal1

1/ 6th #AUEUSummit key delivery will be a €150 bn(?!) investment package = half of the new EU Global Gateway €300 bn package. dw.com/en/eu-reveals-…

This represents the strategic packaging of EU aid until 2027 = a nice Commission effort

2/ Europe can do a lot to boost investment in Africa, through joint steering and partnerships, as I argued w/ @PamellaEunice @keijzer_niels in @ettg_eu paper
ettg.eu/publications/t…

3/ But most EU countries have failed so far to significantly step up their efforts in a Team Europe approach, a point raised by EU Commissioner @JuttaUrpilainen

devex.com/news/urpilaine… @devex @vchadw

4/ I argued that EU countries should give a strong political signal and collectively rechannel at least 20% of their new #SDRs - or budget equivalent - to countries in need, including Africa

ecdpm.org/talking-points… via @ECDPM

5/ So far, only FR, IT, ES committed 20% SDR rechanneling, + BE & NL (3%) = 5 out 27 EU MS = €12.6 bn
ecdpm.org/wp-content/upl…

Most EU countries did not follow France #PFUE leadership on SDRs = a missed opportunity: more to be done AFTER the Summit
politico.eu/newsletter/bru…

6/ Lack of EU commitments to reallocate SDRs speaks volumes about the lack of many EU countries real engagement for Africa.

And this, in spite of the worst crisis and rising inequality due to COVID-19
ft.com/content/7ddd7a…

7/ The fundamental question is: Can Europe respond, in a true partnership spirit, to the call by African leaders for more ambitious actions by rich countries on SDRs or budgetary equivalent?

@Macky_Sall & @eucopresident joint op-ed is a timid 1st step consilium.europa.eu/en/press/press…

8/ Africa has been vocal about the need for more ambitious actions on addressing debt-vulnerability issues and ambitious SDR reallocation

See @CyrilRamaphosa

https://twitter.com/CyrilRamaphosa/status/1467845804593496067

& @AddoDankwaAkufo thefinderonline.com/news/item/2308…

@eloisetodd @emilywigens
euractiv.com/section/africa…

9/ European and African countries should also work together at the multilateral level (IMF) and #G20 for the reallocation of more #SDRs in the most effective ways,
- boosting and speeding up the disbursement of PRGT,
- designing a new RST,
- finding ways to work with MDBs

10/ EU-AU should engage on how the SDR reallocation can best account for countries' vulnerabilities
eg @FondationFERDI @AlbanCornier
ferdi.fr/en/publication…

& consider ambitious systemic reforms
eg @AvinashPersau15 voxeu.org/article/debt-n…

@Jayati1609
project-syndicate.org/commentary/imf…

11/ European countries should also consider
- budgetary equivalents to SDRs
- supporting African mechanisms and
- boosting cooperation and partnerships between African and European PDBs/DFIs (& @AfDB_Group - @EIB )

#EUAUSummit should work towards such ambitious agendas.