“Our friends in Africa have long told us “the cause is poverty” – said EU top diplomat Federica Mogherini, addressing Paris ‘mini-summit’ on mass migration.
“… We do not need to invent a new Marshall Plan, we already have a European plan that is in the field, which is in action and that certainly can be used by all Europeans, by all Africans in an even more effective way” – Mogherini continued.
“In the coming days, we will also launch a private investment plan supported by the European Commission, which will be able to mobilize up to € 44 billion in private investment in Africa for economic development. € 2 billion of projects related to the immigration sector have already been approved and are being implemented under the Trust Fund which was created at the top of Valletta, of which € 1 billion is for the Sahel countries alone. € 100 million from the European Union to fund the centers of the International Migration Organization in 14 African countries including Nigeria, Chad and Libya”
The European Union and the EU Member States together invest € 20 billion a year in Africa in a number of areas, from development cooperation, private investment, humanitarian, to work on peace and security.