Tag Archives: Federica Mogherini

EU €1.5 billion investments in Lebanon

The European Union has always been on the side of Lebanon and the Lebanese people. A strong and resilient Lebanon is in our collective interest, in the interest of the entire region. Lebanon is a mirror of the whole Middle East, of its diversity, complexity and beauty. With this new package, the European Union reconfirms its support to the Lebanese economy, for the benefit of the Lebanese people, and encourages the Government of Lebanon to pursue the path of structural reforms it has started to undertake.” Said High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission Federica Mogherini.

The European Union has announced a package of up to €150 million to support the revitalisation of the Lebanese economy as part of its longstanding commitment to the economic development of Lebanon.

This support could generate up to €1.5 billion loans for Lebanon until 2020, on condition that the country’s financial institutions identify and propose projects that are bankable and adopt relevant reforms. This package includes up to €50 million in grants funding that could be mobilised in each of the coming three years (2018-2020) to provide technical assistance and ensure a sufficient level of concessionality of loans.


Commissioner for Enlargement Negotiations and Neighbourhood policy Johannes Hahn added: “The EU contribution is a signal of our support for the Government of Lebanon, whose tasks include now taking forward a road map of structural reforms to boost economic development in the country for the benefit of all.   We will support and accompany this effort.  Through the External Investment Plan, the EU is ready to extend up to €150 million in grants that could be used to generate up to €1.5 billion of concessional lending for investment in Lebanon over the next three years provided relevant projects are put forward and the necessary reforms are adopted”.

The package was announced today at the CEDRE conference in Paris, an international donor meeting in support of Lebanon’s economy. This will be made available in the framework of the European External Investment Plan (EIP), a comprehensive and ambitious EU plan which encourages investment in our partner countries for the promotion of inclusive growth, job creation and sustainable development.


EU – Mongolia partnership enters into force


 “The European Union and Mongolia are consolidating their strong ties, based on shared values and interests, and a common will to work more closely together. The entry into force of our Partnership and Cooperation Agreement, combined with the establishment of a European Union Delegation in Ulaanbaatar, which will take place in the coming days, consolidates existing areas of cooperation and engagement, and deepens and diversifies relations further in areas of mutual interest, for the sake of our peoples.”  Said the High Representative/Vice-President, Federica Mogherini.

On 1 November, the Partnership and Cooperation Agreement (PCA) between the European Union and Mongolia enters into force. Replacing the 1993 Agreement on trade and economic cooperation, the Partnership and Cooperation Agreement strengthens the existing relationship between the EU and Mongolia, consolidates existing areas of cooperation and engagement, and deepens and diversifies relations further in areas of mutual interest. The entry into force of the PCA coincides with the opening of an EU Delegation in Mongolia, for which implementing the Agreement will be a top priority.

EU-Egypt: reinforced partnership

“We recognise the significant socio-economic challenges Egypt is facing. The EU is fully committed to supporting Egypt’s efforts to reform its economy to achieve sustainable and inclusive growth, and to tackle key socio-economic challenges, such as the high population growth and the impact of economic reforms on the most vulnerable.” Said Commissioner Johannes Hahn for the European Neighbourhood Policy and Enlargement Negotiations.

The EU adopted a multiannual framework defining the priorities for the financial and technical cooperation with Egypt for the period 2017-2020, with a special focus on youth and women. Commissioner Hahn, currently in Cairo, signed a Memorandum of Understanding on the EU Single Support Framework with the Egyptian authorities.

Commissioner Hahn also signed two financial agreements supporting the sectors of health, environment and transport as well as a €60 million programme to support Egypt in addressing migration challenges. High Representative/Vice-President Federica Mogherini said: “With the new EU-Egypt Partnership Priorities, we are focussing on the future of the Egyptian people. We believe that social development and social protection, especially when it comes to young people and women, are key towards sustainable growth and stability in Egypt and in the region. That is why we put it them at the basis of our partnership”.

Launch of the EU External Investment Plan

 “Our External Investment Plan marks a new approach for eradicating poverty and achieving inclusive sustainable development. By leveraging in particular private finance, our contribution of €4.1 billion will leverage up to €44 billion of investments which otherwise would not happen. Now it is up to all key players of the private sector in Europe and in our partner countries to join us in creating sustainable growth and decent jobs for the benefit of all.”  Said Commissioner for International Cooperation and Development Neven Mimica.

Following the adoption by the European Parliament and the Council, the European Commission immediately starts the implementation of its ambitious External Investment Plan (EIP) to boost investments in Africa and the EU Neighbourhood. The EIP will address some of the obstacles to growth in our partner countries and of the root causes of irregular migration. Moving ahead with the EIP’s rapid implementation, the first Strategic Board of the European Fund for Sustainable Development (EFSD), the heart piece of the EIP, meets today in Brussels. High Representative/Vice-President Federica Mogherini said: “Less than 10 per cent of Foreign Direct Investment in Africa goes to fragile regions – those that need it the most. We want our External Investment Plan to become a powerful engine of more inclusive and sustainable growth, to create green energy, to bring new opportunities to entrepreneurs, also in the European Union, to young people, to empower women. This is the plan Africa needs, this is what our African partners are asking for, this is European partnership at its best.” Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn said: “Europe is confronted with many challenges at its borders and beyond, challenges that will surely grow in the future, as demographic pressures, mobility and effects of climate change increase and regional conflicts are ongoing. It is in Europe’s own interest that we all work to ensure sustainable and balanced economic growth in our partner countries. Involving the private sector and securing the most conducive environment for it to thrive will support these efforts. By triggering sustainable growth in our partner countries around Europe and in Africa, we are also offering new trade and investment opportunities for EU enterprises and investors.”

EU-Ukraine Association enters into force

“Determination is a virtue. Today, in spite of all the challenges, we have made it. With the entry into force of the Association Agreement with Ukraine, the European Union is delivering on its promise to our Ukrainian friends. I thank all those who made it possible: those who stood on Maidan and those who are working hard to reform the country for the better. This is a day of celebration for our European continent.” Said President of the European Commission, Jean-Claude Juncker.

The Association Agreement between the European Union and Ukraine enters fully into force.  Federica Mogherini, High Representative of the European Union for Foreign Affairs and Security Policy and Vice-President of the Commission, said: “Today marks the start of new chapter in our relationship.  A closer association between the European Union and Ukraine means closer ties between our citizens, bigger markets and more opportunities for businesses and entrepreneurs, increased sharing of experience, information and expertise. It shows that we share the same values, that we have the same objectives, and that the Ukrainian people can count on the European Union’s support for the years to come.” 

European Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahnsaid: “Generations of Ukrainian citizens to come will reap the benefits of closer association with the EU. The first concrete results of implementation of the Agreement can already be seen: Ukraine’s exports to the EU have increased and the EU has confirmed its position as Ukraine’s first trading partner. Ukraine’s recent reform efforts have been unprecedented, while much work remains such as in the fight against corruption, which must be pursued. The European Union will continue its support for Ukraine’s reform efforts, with both expertise and financial support.”The Association Agreement, including its Deep and Comprehensive Free Trade Area (DCFTA), is the main tool for bringing Ukraine and the EU closer together: it promotes deeper political ties and stronger economic links, as well as respect for common European values. The DCFTA provides a framework for modernising Ukraine’s trade relations and economic development by opening up markets and harmonising laws, standards and regulations with EU and international norms.

Al-Sarraj request of EU funds: where is Gaddafi's gold?..


“The European Union supports the Government of National Accord and your work, Mr Prime Minister (Fayez Mustafa al-Sarraj), since the very beginning and is fully committed both here and on the ground to work with you for the benefit of all Libyans when it comes to security that we know very well is the first concern of your citizens … offering a secure country and from the field of education, health, services, trying to deliver for the Libyans in Libya, ” – said EU top diplomat Federica Mogherini in her welcome word to Libyan Prime Minister Al-Sarraj.

“… The Prime Minister and myself discussed more at length – the ways in which the European Union can support his work to unite the country, to overcome this long and difficult time that Libya has been living and to make sure that the enormous Libyan potential can be turned at the benefit at the Libyans”.

In return to Ms.Mogherini couresy PM Al-Sarraj pointed the most efficient way the EU can help Libya requesting a substantial payment, funding his government efforts to prevent the migrant flows crossing Mediterranean.

“We hope that the EU mechanisms to help Libya will be more practical. We are not going to mention the amount of money that are dedicated to Libya for this help because they are very humble, very small amounts,” – said Al-Sarraj.

Noticning the discatisfation of the PM the EU has not reveiled the amount dedicated to Libya, but presumably it looks unsignificant next to six billion worth EU- Turkey deal supposed to reduce the flow of of migrants from the Middle East to Greec islands.

The financial issue raised by Al-Sarraj leads to two conclutions: first, is that the EU-Turkish deal created a precedent the Libyans would see as a benchmark.

(On photo: PM Al-Sarraj with president Tusk).

Second, the Colonel Gaddfi’s gold is still missing five years after the assassination.

Where is Gaddfi’s gold? Reportedly shortly before the assassination on 20th October 2011 during the battle of his native Sirte, Gaddafi sold a fifth of Libya’s gold reserves, and most of the proceeds from this sale is still missing. “King of Kings of Africa” had an enormous fortune,  supposedly worth over $200 billion, vanished without trace.

Prime Minister Al-Sarraj also visited NATO headquaters, meeting GenSec Jens Stoltenberg.

NATO Secretary General Jens Stoltenberg met Libyan Prime Minister Fayez al-Sarraj on Wednesday (1 February 2017) for talks on the security situation in Libya. The Secretary General said he was encouraged by the progress being made in the fight against ISIL in Libya and conveyed NATO’s support to the Government of National Accord.

However many experts and social media users question NATO’s role in the collapse of the Libyan state, and the migrant crisis as a derivative.