A conducive investment environment
The External Investment Plan will provide a multi-level approach in our partner countries through the following elements, in which EU Delegations will play a key role:
- structured dialogue with businesses at country, sector and strategic levels, including through the promotion of European and local business fora
- policy and political dialogue with partner governments to address key constraints to investments and promote good governance
- support to regulatory, policy and governance reforms, building upon market, sectoral and value-chain intelligence at country level
- ensuring coherence with other European Union policies, aid modalities and EU country initiatives.
Sustainable Business for Africa (SB4A)
Sustainable Business for Africa (SB4A) is a platform for structured dialogue with the private sector under the EIP at country, sector and strategic levels. SB4A helps to identify and prioritise necessary investment climate reforms and attract private investment in partner countries in order to create decent jobs, sustainable growth, and reduce poverty, with a focus on women and youth.
It was launched at the EU-Africa Business Forum in Abidjan in November 2017.
SB4A includes sector/thematic dialogues on agriculture, renewable energy, digitalisation or support to Micro, Small and Medium Sized Enterprises (MSMEs); other sectors could be added. At the local level, it involves the EU and African private sector (profit and non-profit actors), and is facilitated by EU Delegations and EU business groups.
Structural Reform Facility for Eastern Neighbourhood
Operational since autumn 2017, this facility helps the Commission identify and formulate structural reforms to promote investments in areas agreed with partner countries in the Eastern Neighbourhood region.
The facility is managed by the European Commission's Directorate General for European Neighbourhood Policy and Enlargement Negotiations (DG NEAR). Its work is supported by international financial institutions.