Global Gateway
Logo of the Global Gateway Initiative | |
| Formation | 1 December 2021 |
|---|---|
| Founder | European Union |
| Purpose | Promote green, democratic and secure economic development and partnership |
| Location |
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Main organ | EU Commission |
| Budget | EUR€ 300 billion |
| Website | https://ec.europa.eu/ |
The Global Gateway Initiative is a strategy by the European Union to invest in infrastructure projects worldwide. The project was initiated by the EU Commission under the leadership of Ursula von der Leyen. Over the period 2021–2027, the EU will invest €300 billion. Investment into Africa is the regional priority of the initiative, as half the funds are allocated to projects on the continent. They aim to improve the green transition, digital transition, sustainable economic growth, health care and education in Africa.
The initiative is seen as an alternative or rival to the Chinese Belt and Road Initiative. The EU wants to encourage links, and not dependencies, according to von der Leyen. As of December 2022, Global Gateway has been criticised for failing to provide concrete details on projects and drawing heavily on already-existing programmes.