The European Union has officially endorsed a €150 billion investment mobilization program under the Global Gateway initiative, aimed at enhancing collaboration with partner nations. The funds will be secured through an external investment and guarantee mechanism that mitigates risks for investors and financial institutions, encouraging investments in strategic economic sectors, reports the Baltimore Chronicle, referring to the Polish presidency of the EU in X (Twitter).
The financing is planned until 2027, with priorities including energy, digital technologies, transport, education, and healthcare. A portion of the funds will support projects in Ukraine, one of the key partner countries with which the EU is deepening economic ties. The initiative is expected to foster new infrastructure opportunities and promote the development of sustainable supply chains.
EU institutions, including the European Investment Bank and the European Bank for Reconstruction and Development, will play a central role in the plan’s implementation. Their main task is to ensure the effective use of the guarantee mechanism to attract private capital.
According to the European Commission, the signing of the financial agreement marks a significant step toward building an economic area between the EU and its partner states, while also reinforcing the Union’s global presence. The guarantee system is designed to lower investment risks in unstable regions and simultaneously bolster the EU’s geopolitical influence.
Earlier we wrote that Moody’s downgrades U.S. rating amid fiscal risks.