Europe unveils its 0 billion answer to China initiative

Europe unveils its $340 billion answer to China initiative


The aim of the EU program — called Global Gateway — is to help underpin the global recovery by mobilizing investments in digital, clean energy and transport networks, as well as boosting health, education and research systems across the world. Low and middle-income countries were already facing a $2.7 trillion infrastructure investment gap before the pandemic, according to World Bank estimates.

“With the Global Gateway we want to create strong and sustainable links, not dependencies, between Europe and the world and build a new future for young people,” Jutta Urpilainen, the EU…

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