Redefining the EU-Latin America Relationship
The European Union recently announced an investment of €45 billion in Latin America and the Caribbean through its Global Gateway program. But for an EU-LAC alliance to succeed, it will need to function as a two-way street and deliver an ambitious and inclusive investment agenda.
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PANAMA – In July, eight years since their last gathering, heads of state and government from the European Union and from Latin America and the Caribbean (LAC) met in Brussels. The summit ended on a promising note: through its Global Gateway program, the European Union will invest €45 billion ($49.5 billion) by 2027 to support a fair green transition, an inclusive digital transformation, and human-development outcomes in LAC.