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Global Gateway Forum
News announcement25 October 2023Directorate-General for International Partnerships

Global Gateway Forum: EU and Comoros sign agreements for €28.9 million to boost national development

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The European Union is supporting its partner Comoros through the 2021-2027 EU programming to make the Emerging Comoros Plan a reality. Under the €46 million Multiannual Indicative Programme (MIP), the EU-Comoros collaboration focuses on three priority areas: the Green and Blue Pact, Growth and Jobs and Governance.

To solidify their commitment to promote sustainable development, the EU and Comoros signed today agreements reaching a total of €28.9 million. This financial injection will help Comoros in the process of renewing its economy.

The "Green and Blue Deal – Comoros Ulanga ne Maesha" (Environment for Life) programme focuses on boosting Comoros’s environmental and food resilience. The programme receives €20.4 million.  

The "Wamanga wa Komor" (Comorians of the Diaspora) programme, with a budget of €4 million, is geared toward mobilising and supporting the Comorian diaspora funds in alignment with national development priorities. It focuses on strengthening sector governance, supporting diaspora entrepreneurs and investors, particularly youth and women, and promoting green and blue economy initiatives. It also aims to empower the Comorian diaspora to contribute more effectively to local and territorial development.

Lastly, the "Shawiri – Solutions" program will channel €4.5 million towards reinforcing the participation and protection of women, youth, and civil society in the Union of the Comoros. This programme seeks to create an ecosystem favourable to social protection and civic participation among women and young people. It will strengthen civil society structures and enhance governance and management capacities of institutions responsible for gender and youth-focused programs.

European Commissioner for International Partnerships, Jutta Urpilainen, said:

“The partnership between the EU and the Union of the Comoros highlights our collective commitment to foster sustainable development, resilience, and social progress in the region. I am especially delighted about the strong focus on youth – this truly is an investment to the future.”

President of Comoros, Azali Assoumani, said:

“I would like to thank the European Union, a privileged partner of the Union of the Comoros, for this investment of 28.9 million euros and the three priority programmes, which mark an essential step towards achieving the ambitions of the Emerging Comoros Plan and the guarantee of a sustainable future for the Comorian people."

 

Background

The Global Gateway Forum brings together an assembly of government representatives from the European Union and across the globe, alongside key stakeholders from the private sector, civil society, thought leaders, financial institutions, and international organisations to promote global investment in infrastructure.

During this landmark occasion, a series of strategic investment announcements and agreements with partner countries are being presented, marking a significant leap towards the implementation of the Global Gateway strategy. These announcements not only underscore the tangible worldwide impact of Global Gateway but also provide a platform for governments and businesses to engage in critical discussions surrounding its priorities.

The Global Gateway Forum highlights a collective commitment to fostering sustainable growth and resilience worldwide through a Team Europe approach.

 

Global Gateway

Global Gateway represents the European Union's effort reduce the worldwide investment disparity and boost smart, clean and secure connections in digital, energy and transport sectors, and to strengthen health, education and research systems. It provides sustainable investment opportunities to enhance the prosperity and security of our global partners and Europe alike.

The Global Gateway strategy embodies a collaborative approach that brings together the European Union, EU Member States, and European development finance institutions. Together, we aim to mobilize up to €300 billion in public and private investments from 2021 to 2027, creating essential links rather than dependencies, and closing the global investment gap.

Team Europe stands out with a compelling proposition for democratic partner nations, focusing on sustainability across social, environmental, and financial aspects, promoting long-term drivers of growth through a comprehensive 360-degree approach, encompassing both hard and soft infrastructure, and reinforcing the resilience of nations seeking strategic autonomy.

 

More Information

EU Comoros Cooperation

Global Gateway Forum

Global Gateway

 

Details

Publication date
25 October 2023
Author
Directorate-General for International Partnerships