The Commission agrees that stimulating growth and employment, in particular in the poorest and most fragile countries, must be one of the objectives of the European Fund for Sustainable Development, which is a key pillar of the External Investment Plan.
The External Investment Plan and its European Fund for Sustainable Development will provide an integrated package to support investments and decent job creation in Africa and the EU Neighbourhood.
A particular focus on supporting micro, small and medium-sized enterprises is foreseen in the Plan, given their critical role for ensuring sustainable development and job creation in our partner countries’ economies. The Commission proposed that providing finance in favour of micro-, small‐ and medium-sized enterprises, with a particular focus on private sector development, should be one of the main eligibility criteria for the use of the guarantee under the European Fund for Sustainable Development.
In accordance with paragraph 32 of the Interinstitutional Agreement on Better Law-Making, the Commission plays its role in trilogue negotiations as facilitator by treating the two branches of the legislative authority equally, in full respect of the roles assigned by the Treaties to the three institutions.