×
ECR

ECR MEPs: We can’t end poverty without the private sector

21 November 2017

ECR MEPs: We can’t end poverty without the private sector

Ahead of the EU-Africa Summit next week ECR MEPs have called today for the private sector to take a leading role in the EU’s development policy. The UN’s Sustainable Development Goals face a funding gap of $2.5 trillion despite the $1.4 trillion already spent globally on foreign aid.

Ahead of the EU-Africa Summit next week ECR MEPs have called today for the private sector to take a leading role in the EU’s development policy.

The UN’s Sustainable Development Goals face a funding gap of $2.5 trillion despite the $1.4 trillion already spent globally on foreign aid. The ECR Group believes that by using public money to leverage private investment, this funding gap could be reduced and the strain on the taxpayer reduced.

ECR Development spokesman Nirj Deva MEP said: “We need to empower people to lift themselves out of poverty. Aid alone cannot do this and taxpayers cannot afford fill the funding gap needed to reach the UN’s development goals when our own schools, hospitals and infrastructure require investment. Instead, we must use public money to leverage private investment if we are to reduce poverty.”

The ECR’s new approach was adopted recently and the new European Fund for Sustainable Development will guarantee public-private partnerships. Applications for the first grants will be opened at the EU-Africa Summit next week.

Mr. Deva added: “I am pleased that the ECR’s work promoting the potential of public-private partnerships has paid off. Ahead of the EU-Africa Summit next week we’ve been looking at how private sector and financial markets can play an important role in development.”

The ECR Policy Group for Wealth Creation today met Michael Landau, whose company CTI Africa is empowering local communities through public-private partnerships.

Speaking at the policy discussion today, ECR co-Chairman Syed Kamall MEP said: “Aid isn’t enough to end poverty and risks fostering a culture of dependency rather than innovation, business and empowered communities. Policymakers, development specialists, politicians and NGOs increasingly recognise that we must work with the private sector if we are to help the remaining 767 million people out of extreme poverty .”

ECR MEP Bernd Lucke said: “The ECR Group’s ambition is to promote a new approach to the EU’s development policy as the public purse cannot meet the challenges in developing countries without the private sector.”

SHARE

ECR

OUR TWEETS

ECR Group

2 days ago

@EP_President Have a speedy recovery 👍

ECR Group

6 days ago

The 🇪🇺 tries to do too much already and always wants to do more. It ought to stick to its basic tasks, such as bui… twitter.com/i/web/status/1…

ECR Group

6 days ago

The whole is the sum of its parts. The parts: Our European nation states. #Europe's diversity made it what it is… twitter.com/i/web/status/1…

ECR Group

7 days ago

The Conference on the #FutureOfEurope is clearly seen by many as an opportunity to turn Europe into a big super sta… twitter.com/i/web/status/1…

ECR Group

7 days ago

🚨 #SOTEU 🚨 Watch ECR MEPs weigh in on @EU_Commission President @vonderleyen's #SOTEU21 address now ⤵️ pic.twitter.com/nYqFTXKK2A

ECR Group

7 days ago

🚜 Agriculture is the beating heart of rural life in #Europe. Yet 🇪🇺 farming employment rates have seen better days… twitter.com/i/web/status/1…

ECR Group

7 days ago

The 🇪🇺 needs to focus on combatting illegal immigration. A "no-borders" ideology will lead to nothing but chaos.… twitter.com/i/web/status/1…

ECR Group

8 days ago

🦠 The effects of the #Covid19 pandemic are still upon us ❗️ We need to act to stop history from repeating itself… twitter.com/i/web/status/1…

ECR Group

8 days ago

🧪 #Europe has given birth to countless inventions & innovations. We can't let ourselves fall behind. By cutting r… twitter.com/i/web/status/1…

ECR Group

8 days ago

The 🇪🇺 was created by our nations to serve them, not the other way around. 𝗢𝘂𝗿 𝗮𝗶𝗺? 🎯 To preserve the sovereignty… twitter.com/i/web/status/1…





© 2020. All rights reserved. European Conservatives and Reformists Group