Although the EU has not yet provided details of the sources of finance for its Global Gateway program, nonetheless, EU Commissioner Ursula von der Leyen has said stated, in general terms, that the EU will look to develop these sources to “connect institutions and investment, banks and the business community”. In practical terms this is likely to involve the EU sourcing a mix of new and existing financial resources, just as it did under the Juncker Investment Plan for Europe, which raised over €400 billion, for investments in infrastructure which had the highest GDP growth effects for lesser developed southern and eastern European member states.
This article was co-authored by Bob Savic and Chris Devonshire-Ellis.
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