Global Gateway: up to 300 Billion Euros for the European Union’s Strategy to Enhance Sustainable Connections Worldwide

The European Commission and the High Representative of the Union for Foreign Affairs and Security Policy are launching Global Gateway, the new European strategy to promote smart, clean and secure links in digital technology, energy and transport sectors and to strengthen health, education and research systems worldwide. The strategy promotes sustainable and reliable connections that serve people and the planet, aiming to address the most pressing global challenges, from climate change and environmental protection to improving health security and enhancing competitiveness and global supply chains. Global Gateway aims to mobilize up to 300 billion euros in investments between 2021 and 2027 to support sustained global recovery, taking into account the needs of our partners and the EU’s own interests.
Global Gateway is about increasing investments that promote democratic values and high standards, good governance and transparency, equal partnerships as well as green, clean and safe infrastructure, and will act as a catalyst for private sector investments.
Through the “Team Europe” approach, Global Gateway will bring together the EU, its Member States and their financial and development institutions, including the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), and will seek to mobilize the private sector to leverage investments to achieve transformative impact. EU delegations around the world, in cooperation with “Team Europe” at the local level, will play a central role in identifying and coordinating Global Gateway projects in partner countries.
In addition to increasing its financial instruments, the EU is exploring the possibility of creating a European export credit facility to complement existing export credit arrangements at Member State level and increase the overall EU intervention in this area. This facility will help ensure a more level playing field for EU businesses in third country markets, where they are increasingly forced to compete with foreign competitors receiving substantial support from their governments, thus facilitating the participation of these businesses in infrastructure projects.
The EU will offer not only stable financing terms for partners, providing grants, favorable loans and guarantees from the budget to reduce investment risks and improve debt sustainability, but will also promote the highest environmental, social and strategic management standards. The EU will offer technical assistance to partners to enhance their capacity to prepare credible plans, ensuring the cost-effectiveness of infrastructure.
Global Gateway will invest in international stability and cooperation and will demonstrate how democratic values provide security and fair treatment to investors, sustainability to partners and long-term benefits to people around the world.
Global Gateway builds on the achievements of the 2018 EU-Asia Connectivity Strategy, the recently concluded connectivity partnerships with Japan and India, as well as the economic plans for the Western Balkans, the Eastern Partnership and the Southern Neighborhood. It is fully aligned with the United Nations 2030 Agenda and the Sustainable Development Goals (SDGs) and the Paris Agreement.