28 July 2023
The EU will invest €45bn in Latin America and the Caribbean for projects involving renewable energies, mobility and digital services. The financing will be made available through the European Global Gateway which will involve the Development Bank of Latin America and the Caribbean (CAF) and other multilaterals. It will include the fight against climate change, an issue that affects both regions. It will also promote renewable energy, electromobility, technology transfer and strengthening agro-industry. CAF has identified 67 initiatives for the investment which will aim to reduce poverty, inequality, improve food security and green energy.
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