The investment package promised by the European Union at the 6th African Union Summit and the European Union, for the African Union will be complemented by specific packages aimed at supporting health and education systems. With regard to the health sector, they will support initiatives in favor of pandemic preparedness, health security and equitable access to quality essential health services, in line with the Rome declaration adopted at the world health summit. With regard to the education sector, they will invest in inclusive and equitable quality education, by improving policy and legal frameworks, access to education and teacher training, in order to help ensure the provision safe educational services and to ensure that learning gaps resulting from the pandemic are addressed. To this end, they will promote job-oriented, technically oriented vocational education and training, including at the regional level.
To implement the package, they will mobilize public funds to stimulate private investment using innovative financing instruments. They pledged to promote accountable, transparent, inclusive and responsive governance, in accordance with relevant international instruments, in order to intensify efforts aimed at improving investment and the business climate as well as unleashing and increasing African investments and responsible and sustainable Europeans. They will use all means of implementation, including official development assistance and financial tools such as infrastructure trust funds and capital market instruments, to encourage African entrepreneurship to take part in economies strong and dynamic. International and national development finance institutions, including the European Investment Bank and the African Development Bank, as well as public-private partnerships will be mobilized for this purpose. They will continue their efforts to mobilize and facilitate remittances in a transparent manner, including to reduce transaction costs, in the service of the development of national and local economies. The two continents will also boost regional and continental economic integration, including through the African Continental Free Trade Area. Existing trade agreements between the EU and certain African countries have helped to strengthen and deepen trade and economic development between the two continents. They will progressively work towards the gradual and mutually beneficial integration of our respective continental markets.
