Substantial investment is required to improve people’s living conditions in EU partner countries. Government and donor funds are far from sufficient to cover these needs. Countries need to attract additional public and private financing to drive economic growth as a basis for poverty reduction.
The Agenda for Change emphasises the support of inclusive growth and job creation as a key priority of EU external cooperation. In this context “Blending” is recognised as an important means of leveraging additional resources and increasing the impact of EU aid.