CGD in the News

EU wants to rival China’s belt and road in Africa, but will deeds match words?

February 06, 2022

With less than two weeks to go until the sixth EU-African Union summit, European Union members remain split on how to come up with a financial package able to rival China’s multibillion-dollar Belt and Road Initiative.

EU plans for the February 17-18 summit in Brussels include the launch of “an ambitious Africa-Europe investment package, taking into account global challenges such as climate change and the current health crisis”.