×
ECR

Deva: Use innovative ideas, not razor wire, to tackle the migrant crisis

6 July 2017

Deva: Use innovative ideas, not razor wire, to tackle the migrant crisis

A new fund to boost private investment in developing countries and address the root causes of the migration crisis has been approved today by MEPs.

A new fund to boost private investment in developing countries and address the root causes of the migration crisis has been approved today by MEPs.

The European Fund for Sustainable Development (EFSD) is a direct response to a report – Private Sector and Development – by ECR Development spokesman Nirj Deva MEP, which was passed by the European Parliament last year.
The EFSD combines existing funding of €2.6 billion with a further €1.5 billion to assist projects proposed by the private sector, financial institutions or public bodies. Eligible schemes will support jobs, growth, wealth creation and stability in Africa and countries on the EU’s eastern and southern borders. It is hoped the fund will leverage at least €44 billion of private investment.

Mr Deva welcomed the EFSD as a vehicle for implementing the ideas contained in his breakthrough report, which for the first time secured EU backing for the use of public-private partnerships in development.

He said: “International development must be about more than just alleviating poverty. It has to provide security, hope and opportunities to people so they do not need to flee their own country in search of a better life.

“If we are serious about stemming the flow of refugees and migrants then finding innovative ways, such as the EFSD, to support development is far more effective than building walls and razor wire fences.

“Using just taxpayers’ money will never be sufficient. Instead we need to mobilise the private sector, the real engine of economic growth.

“The model is simple, blend public, private and charitable contributions under strict conditions but with rigorous private sector standards, rather than trust money to public sector actors who often treat donor cash with contempt.”

A World Economic Forum survey found that every $1 of public money invested in this way attracted as much as $20 of private sector investment.

It is hoped the EFSD will be operational in time for the EU/Africa Summit in November.

SHARE

ECR

OUR TWEETS

ECR Party

20 hours ago

On this day 30 years ago: Czechs and Slovaks took to the streets demanding the end of authoritarian communism. To… twitter.com/i/web/status/1…

Jan Zahradil

21 hours ago

Bank holiday today in #CzechRepublic. 80 years ago, November 17, 1939: big rally in Prague against Nazi occupation.… twitter.com/i/web/status/1…

Jan Zahradil

yesterday

Last night in #Prague: tribute to Sir @Roger_Scruton for his support of Czechoslovak dissent before 1989. Awarded M… twitter.com/i/web/status/1…

Poland in the EU

3 days ago

We hosted today a debate on terrorist content online regulation in partnership with @ZPP_EU. Our keynote speakers… twitter.com/i/web/status/1…

ECR Group

3 days ago

ECR will always work for a free market economy and against protectionist policies. MEP @robertszile grilling Transp… twitter.com/i/web/status/1…

Bert-Jan Ruissen

3 days ago

Net in het Europarlement de kandidaat-EU-commissaris László Trócsányi voor Nabuurschap en Uitbreiding gevraagd naar… twitter.com/i/web/status/1…

ECR Group

4 days ago

Interesting and strong testimony from Andrew Brunson on the importance of #freedomofreligion, hosted by our MEP… twitter.com/i/web/status/1…

ECR Group

5 days ago

We wouldn’t have a unified Europe if the people of Central and Eastern Europe had not have fought Communism 30 year… twitter.com/i/web/status/1…

Prawo i Sprawiedliwość

6 days ago

101. rocznica odzyskania przez Polskę Niepodległości. #11listopada #ŚwiętoNiepodległości 🇵🇱 pic.twitter.com/napTF7oZvb

Poland.pl

6 days ago

Happy #IndependenceDay, Poland! 🇵🇱 The past 101 years were not always easy, some were pretty hard, some were legen… twitter.com/i/web/status/1…





© 2018. All rights reserved. European Conservatives and Reformists Group