EU-Africa Strategy

The News and Events category publishes the latest News and Events relating to International Economic Law relating to Africa and the Global South. Every week, Afronomicslaw.org receive the News and Events in their e-mail accounts. The News and Events published every week include conferences, major developments in the field of International Economic Law in Africa at the national, sub-regional and regional levels as well as relevant case law. News and Events with a Global South focus are also often included.

In this contribution, we demonstrate how the so-called Green Deals initiatives which espouse an increasing drive to “catalyze” private financing by using public resources, including development assistance, may create perverse impacts on sustainable development in developing countries. The move may mean an overarching shift towards reliance on private sector to provide public infrastructure and services in ways that ensure a return for the private sector through buy-back guarantees and favourable contractual conditions. Such moves may create contingent liabilities on developing countries in addition to diverting public resources towards the private sector, including foreign investors, and undermining public oversight.

Moving beyond the arguably false dichotomy between ‘North Africa’ and ‘Sub-Saharan’ Africa will require a transformative reconfiguration of Africa-EU relations, but I see this as a positive and progressive one (I’m not sure that the EU will, but perhaps the EU Commissioners in DG Trade can comment on that point!). Any future FTA with the EU must, I believe, ensure that African nations are properly integrated into the global economy and not just into the EU’s economy.