×
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

Poland in the EU

12 hours 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

10 hours 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

16 hours 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

yesterday

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

ECR Group

2 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

3 days ago

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

Poland.pl

3 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…

Raffaele Fitto

3 days ago

#Vox is the real winner of the election in #Spain: 15%, double seats and third party! As co-chairman of @ecrgroup I… twitter.com/i/web/status/1…

Raffaele Fitto

3 days ago

Anche in #Spagna la sinistra perde e vince una destra moderna #Vox che fa parte della grande famiglia dei Conservat… twitter.com/i/web/status/1…

ECR Group

3 days ago

Well said from Polish PM @MorawieckiM: #NATO is “the most important alliance in the world when it comes to preservi… twitter.com/i/web/status/1…





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