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The Case for an EU Development Bank

The European Union needs to reinforce its development financing activities in order to level the playing field with the United States and China. Establishing its own development bank would have an immediate, significant, and resource-efficient impact.

LUXEMBOURG – With nationalist tendencies currently resurgent around the world, Europe can and must place itself at the forefront of the issues that matter most. From promoting trade and human rights to mitigating disease and climate change, Europe can be a global beacon, fostering the kind of multilateralism that is at the heart of the European Union.