EU to invest 300 billion euros in developing economies over next five years – Von der Leyen at UN’s SDG Summit

« The President of the European Commission Ursula von der Leyen announced that the EU planned to invest 300 billion euros to help developing economies over the next five years, during a speech at the SDG Summit in New York on Monday.
« Developing countries do need more resources to pull people out of poverty and to transition towards a clean and equal economy. This is why I welcome the Secretary-General’s SDG Stimulus Plan. In 2022, Europe elevated its development aid to 93 billion euros, an increase of 30 percent over the previous year. Today, we account for over 40 percent of global assistance, » she said, adding that the bloc ‘knows its obligations’.
The fund is set to help those most in need to develop ‘renewable energy, stronger health systems, quality education, green transport and of course digital solutions’, von der Leyen explained.
Convened by the President of the UN General Assembly Dennis Francis, the summit marks the half-way point to the deadline set for achieving the 2030 Agenda and the Sustainable Development Goals (SDGs). The meeting is set to be ‘the centrepiece of the High-level Week of the General Assembly’ according to the UN. »



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