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World: EU advances Global Health Resilience Initiative with new Global Gateway investments in Africa and Latin America

Countries: World, Colombia, Ethiopia Source: European Commission's Directorate-General for European Civil Protection and Humanitarian Aid Operations Please refer to the attached file. In the context of the United Nations General Assembly High-Level Week, the European Commission has announced three new Global Gateway investments that put the EU Global Health Resilience Initiative into action in partner countries. The package includes an EU guarantee of €63.5 million designed to mobilise private investment in health and nutrition businesses in Sub-Saharan Africa; an EU-backed European Investment Bank (EIB) loan of €15 million to expand vaccine and biological medicines production in Colombia; and €60 million in EU funding to strengthen primary health care in Ethiopia. Mobilising private investment in health and nutrition in Africa The Commission and Cardano Development have signed an agreement to launch the First Mover Health Investors Fund supported by an EU guarantee of €63.5 million. The guarantee is expected to mobilise approximately €150 million in investment for growth-stage health and nutrition companies in Sub-Saharan Africa.