Global Gateway Risks Diverting EU Aid Budget to Big Business
9 October 2024
The EU’s new global investment and development strategy, the Global Gateway, risks diverting the aid budget to big business, a new report by Counter Balance, Eurodad and Oxfam reveals. “Who profits from the Global Gateway? The EU’s new strategy for development cooperation” finds that over 60 percent of projects analysed benefit at least one European company.