Through its European Investment Advisory Hub, the European Union (EU) has built solid experience in project preparation within its own borders by connecting project promoters and intermediaries with advisory partners who work directly together to help projects reach the financing stage. Building on this approach, we propose the establishment of an Accelerator Hub, which would provide targeted support to identify, prepare, and develop investment projects in Africa.
CGD Policy Blogs
With a new government taking over the helm of the country and building on its financial firepower, Germany now has the opportunity to fully embrace a leadership role in the EU as an agenda-setter in development, driving forward innovative ideas, rather than as a mere broker.
A year ago, the UK Government announced the integration of the Department for International Development (DFID) into the Foreign and Commonwealth Office (FCO), which became the Foreign Commonwealth and Development Office (FCDO). Soon after the merger, the UK’s development budget was cut by £4.5 billion and reduced from 0.7 percent to 0.5 percent of gross national income (GNI). The cuts—which disproportionately hit bilateral spending and some UN agencies—have seen steep reductions in support for some of the world’s poorest countries.