Global Gateway

The report, "Who Profits from the Global Gateway? The EU's new strategy for development cooperation" attempts to answer the question: is the Global Gateway prioritising the EU's foreign policy goals and its own economic interests over positive development outcomes in its partner countries? This report builds on previous research and provides a timely and comprehensive analysis of the Global Gateway, including its financing, governance and latest projects.

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. 

Fourteen international humanitarian organisations are urging the European Commission to rethink its proposed shift to a transactional approach in development cooperation, as seen in a recently leaked draft Briefing Book from the European Commission's Directorate General for International Partnerships (DG INTPA). This Briefing Book will set the direction for EU development in the next EU mandate. The organisations warn that this approach could abandon vulnerable communities in fragile or crisis-affected contexts, leading to devastating consequences for those most at risk and undermining the EU's global relevance in an increasingly fragile world. 

Leaders from Europe, Latin America and the Caribbean will meet next week in Brussels for the first time in almost a decade. 

The European Union has adopted a new approach to foreign policy dubbed the “Global Gateway,” supported by a new European Financial Architecture for Development (EFAD). These policies are a direct response to the state of permacrises that the world finds itself in. It seeks to inject 180-300 billion euros over a period of six years into the EU’s partner countries in the form of infrastructure projects, a green transition and digitalisation.