Blended Finance and the illusion of Development: Lessons from the EFSD+ for the next EU Budget
The proposed Global Europe Instrument (GEI) for the EU’s 2028–2034 budget signals a major shift toward investment-driven external action, moving away from traditional development approaches. Drawing on lessons from the European Fund for Sustainable Development Plus (EFSD+), experts warn that blending and guarantee-based tools often fail to deliver meaningful results, particularly for the most vulnerable
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