CSO recommendations on EFSD regulation | Plan International Skip to main content

CSO recommendations on EFSD regulation

Overview

Civil society Recommendations on the finalisation of the European fund for sustainable development regulation

The Council and European Parliament are finalising the regulation for the European Fund for Sustainable Development (EFSD) proposed by the European Commission. The fund is part of the European External Investment Plan (EIP) for Africa and Neighbourhood countries.

CSOs have raised their voices to ensure that lessons are learnt from other investment initiatives at the multilateral and European level; both the positive examples of careful, evidence-led work and negative, long-term damaging examples of hastily established funds. We developed overall recommendations on what should be part of the EIP including providing links to case studies for lessons learnt.

Executive Summary

Civil society Recommendations on the finalisation of the European fund for sustainable development regulation

The Council and European Parliament are finalising the regulation for the European Fund for Sustainable Development (EFSD) proposed by the European Commission. The fund is part of the European External Investment Plan (EIP) for Africa and Neighbourhood countries.

CSOs have raised their voices to ensure that lessons are learnt from other investment initiatives at the multilateral and European level; both the positive examples of careful, evidence-led work and negative, long-term damaging examples of hastily established funds. We developed overall recommendations1 on what should be part of the EIP including providing links to case studies for lessons learnt.

As negotiations progress, we would like to ensure that the following elements are key parts of the final EFSD:
1. Ensure full transparency and accountability including via a scoreboard of indicators;
2. Establish an EU centralised Grievance Mechanism for affected local communities;
3. Include an Exclusion List to ensure that climate, environmental and social standards are respected;
4. Ensure that the EFSD objectives reflect a Sustainable Development Theory of Change;

Our insistence on the above is based on the rationale that they are needed to ensure that these investments leave no one behind, reduce poverty and inequality, and contribute to the SDGs. In no way should beneficiaries be given flexibility because investments take place outside of Europe - the Sustainable Development Goals (SDGs) and human rights are universal.

This paper has been compiled by Oxfam, ActionAid, Eurodad, Counter Balance, CEE Bankwatch Network, ITUC-TUDCN, UKAN, CARE International, Transparency International EU, Global Health Advocates, ACT Alliance EU, Plan International and supported by CONCORD.

  • CSO recommendations on EFSD regulation