Global Gateway

As of December 2022, Global Gateway has been criticised for failing to provide concrete details on projects and drawing heavily on already-existing programmes.

[6] Another reason for the proposed investments is the worsening of Climate Change, an issue which the EU sees as vital to tackle.

[7] The main funding will mostly be contributed by the EU and Member State institutions for development and finances, but also the European Investment Bank and the European Bank for Reconstruction and Development, but will also leverage private investments from the Pre-Accession Assistance (IPA) III, Interreg, InvestEU and Horizon Europe.

[2] Approximately half of the anticipated €300 billion Global Gateway funds are to be raised via private investments that the EU hopes to generate with a system of financial guarantees.

[8] Much of the Global Gateway funding proposed in 2021 was based on the re-classification of existing financial commitments from the EU's 2021-2027 budget as opposed to new resources.

[13] A significant achievement of the Global Gateway initiative was the Africa-Europe Investment Package, which allocated around €150 billion to enhance partnerships with African nations.