The package is part of the Global Gateway program, which has a budget of R$1.6 trillion through 2027
EU Commission President Ursula von der Leyen announced This Monday (July 17, 2023) the EU (European Union) announced that it will invest more than R$242 billion (€45 billion) in Latin America and the Caribbean. She spoke during the opening session of the European UnionLatin America Economic Forum in Brussels.
According to von der Leyen, the investments are part of the Global Gateway program, which “will have a highvalue investment agenda, from clean hydrogen to mRNA vaccines and raw materials.” According to the head of the commission, more than 135 projects are already underway.
“Global Gateway doesn’t just have the dimensions to make a difference. It creates a new approach and a new way of investing in new projects,” he said.
The EU program was created to boost investments in digital, energy and transport and to strengthen global health, education and research systems. From 2021 to 2027, it has a budget of BRL 1.6 trillion (EUR 300 billion) to invest in sustainable projects, “taking into account the needs of partner countries and to ensure lasting benefits for local communities,” it said the global website gateway.
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