EU urged to launch dedicated unit for export and development finance

(Global Trade Review, 26 February 2025) Experts call on the EU to establish a dedicated unit to better coordinate export credit agencies and development finance institutions, boosting the Global Gateway Initiative’s €300bn global infrastructure ambitions. A report highlights the need for a unified strategy to compete with China’s Belt and Road Initiative and support European businesses in global markets. Advocates believe that such a unit could bolster the EU's global competitiveness and facilitate sustainable development projects.