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EU: As the G7 we must offer the world an alternative for investment

Ursula von der Leyen President of the European Union (EU) Commission said that the G7 countries should work together to offer the world an alternative for investment projects.

EU: As the G7 we must offer the world an alternative for investment

Von der Leyen and  the President of the European Council Charles Michel made a joint press statement with the leaders at the  G7 Leaders Summit held in Elmau Palace hosted by Germany .

Von der Leyen stated that while the world economy was in a recovery period after the world economy was shaken by the Kovid-19 epidemic, the prices from food to energy increased with the war started by Russia in Ukraine, and emphasized that the G7 leaders met for this reason, but they will continue to work in the fields of climate change, digitalization, health and security.

Von der Leyen stated that what needs to be done is to work together and that the EU contributes to the investment gap in the world with the " Global Gateway " project.

Reminding that the EU will provide 300 billion euros until 2027 under the Global Gateway project, von der Leyen said that this will be used in "quality and sustainable infrastructure, health infrastructure, investments that improve daily life and bring real benefits to communities on the ground".

Von der Leyen stated that as the G7, they need to invest more together and offer alternatives for investment projects, adding, “We will optimize our collective strength because we will invest in the world to show our developing partners that they have a choice and that we aim to take steps in solidarity to meet their development needs. It's up to us to deliver a positive and powerful message in terms of he said.

"EU is a leader in investing in developing countries"

Michel also said that the EU leads in cooperation with developing countries, and that 46 percent of global aid to these countries is provided by the EU alone.

"Almost 70 billion euros goes all over the world to achieve greater peace, prosperity and development." Michel said that the EU also invested in the fields of education, health and research.

Referring to the concrete investments made in Africa within the scope of the Global Gateway, Michel reminded that 150 billion Euros has been allocated to these.

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