IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.54% USD/MXN17.50▲ 0.63% USD/CLP946.81▲ 1.20% USD/COP3,207▼ 0.65% USD/PEN3.39▼ 0.24% USD/ARS1,490▲ 0.50% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.94▼ 0.10% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.25% BRENT 100.73 ▲ 7.08% WTI 92.37 ▲ 6.38% IRON ORE 161.91 — — COPPER 6.34 ▼ 1.71% GOLD 4,052 ▼ 2.28% SILVER 58.00 ▼ 3.37% SOY 1,246 ▲ 1.03% CORN 488.25 ▲ 5.68% WHEAT 701.50 ▼ 0.60% COFFEE 309.70 ▼ 2.19% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.95 ▼ 2.89% COTTON 81.53 ▲ 2.08% COCOA 5,323 ▼ 0.09% BEEF 220.80 ▼ 1.08% CATTLE 339.65 ▼ 0.45% LITHIUM 69.02 ▲ 0.03% PETR4 43.18 ▲ 1.41% VALE3 76.11 ▲ 1.34% ITUB4 42.34 ▼ 1.31% BBDC4 18.75 ▼ 1.16% ABEV3 15.90 ▼ 1.43% BBAS3 20.83 ▼ 1.23% B3SA3 15.59 ▼ 1.95% WEGE3 45.05 ▼ 3.62% PRIO3 61.19 ▲ 2.38% SUZB3 42.07 ▼ 1.38% RENT3 37.00 ▼ 0.38% AZZA3 17.55 ▼ 1.46% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.90 ▼ 0.26% PSSA3 55.22 ▼ 0.41% CVCB3 1.27 — 0.00% POSI3 3.67 ▼ 0.81% SLCE3 13.87 ▼ 0.64% NATU3 8.60 ▼ 0.92% BRKM5 6.15 ▲ 1.32% RANI3 7.95 ▼ 0.63% CSNA3 5.39 ▲ 0.19% CMIN3 5.79 ▼ 0.86% USIM5 8.60 ▼ 0.58% GGBR4 24.17 ▲ 0.46% ENEV3 25.56 ▼ 1.58% CPFE3 46.11 ▼ 1.28% CMIG4 11.15 ▼ 0.54% EQTL3 38.78 ▼ 1.45% LREN3 13.30 ▼ 1.77% VIVT3 34.64 ▼ 2.09% RAIL3 14.00 ▲ 2.64% KLABIN 17.59 ▼ 1.90% RAIA DROGASIL 18.40 ▲ 0.60% RDOR3 33.89 ▼ 1.74% HAPV3 10.91 ▼ 4.21% FLRY3 16.59 ▼ 0.36% SMTO3 16.10 ▲ 0.31% UGPA3 32.95 ▲ 0.37% VBBR3 35.27 ▲ 0.83% BBSE3 42.46 ▼ 0.28% BPAC11 56.17 ▼ 1.49% CURY3 29.60 ▼ 1.99% AERI3 2.04 ▼ 0.49% VIVARA 21.59 ▲ 0.19% COMPASS 24.94 ▲ 0.52% VAMOS 3.20 ▼ 0.93% SANB11 26.68 ▼ 1.00% ASAI3 8.14 ▼ 3.10% SBSP3 28.83 ▼ 1.57% WALMEX 47.26 ▼ 2.86% GMEXICO 211.83 ▼ 1.48% FEMSA 223.63 ▼ 1.80% CEMEX 21.71 ▼ 2.07% GFNORTE 191.11 ▼ 0.27% BIMBO 59.75 ▼ 0.91% TELEVISA 9.91 ▲ 0.92% AMX 22.83 ▲ 0.62% GAP 378.26 ▲ 0.41% ASUR 271.61 ▼ 0.70% OMA 228.49 ▼ 0.09% KOF 180.50 ▼ 1.18% GRUMA 273.17 ▼ 2.60% KIMBER 39.02 ▲ 0.52% SQM-B 66,429 ▲ 2.11% COPEC 6,446 ▼ 1.58% BSANTANDER 79.69 ▼ 0.20% FALABELLA 6,058 ▲ 0.27% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,060 ▼ 0.96% BANCO CHILE 192.14 ▼ 0.70% LATAM AIR 23.60 ▼ 2.03% YPF 83,350 ▲ 1.03% GGAL 8,065 ▼ 2.54% PAMPA 5,690 ▲ 1.16% TXAR 672.50 ▲ 0.67% ALUAR 978.00 ▲ 0.41% TGS 10,090 ▲ 1.87% CEPU 2,431 ▲ 0.83% MIRGOR 16,700 ▼ 1.33% COME 43.00 ▼ 0.32% LOMA NEGRA 3,813 ▲ 0.07% BYMA 294.50 ▼ 0.34% TELECOM ARG 4,275 ▼ 3.28% ECOPETROL 16.73 ▲ 0.24% BANCOLOMBIA 86.24 ▲ 1.86% GRUPO AVAL 4.89 ▼ 2.98% CREDICORP 389.97 ▼ 0.94% SOUTHERN COPPER 185.76 ▼ 4.97% BUENAVENTURA 31.18 ▼ 2.84% MERCADOLIBRE 1,793 ▼ 0.32% NUBANK 14.24 ▼ 1.86% XP 17.09 ▼ 1.24% PAGSEGURO 9.39 ▼ 2.90% STONE 10.99 ▼ 3.30% GLOBANT 30.07 ▼ 1.96% TECNOGLASS 44.06 ▼ 2.57% GAP AIRPORT 216.00 ▼ 0.71% ASUR 271.61 ▼ 0.70% OMA AIRPORT 104.24 ▼ 1.06% AMX ADR 25.99 ▼ 0.50% FEMSA ADR 127.88 ▼ 2.32% CEMEX ADR 12.36 ▼ 2.87% PETROBRAS ADR 19.18 ▲ 1.51% VALE ADR 14.94 ▲ 0.57% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.10 ▼ 1.43% CSN 1.08 ▼ 0.92% GERDAU 4.77 ▼ 0.10% LATAM ADR 49.70 ▼ 3.05% BTC 64,712 ▼ 2.10% ETH 1,886 ▼ 2.46% SOL 75.92 ▼ 2.55% XRP 1.11 ▼ 2.97% BNB 566.57 ▼ 0.73% ADA 0.17 ▼ 2.87% DOGE 0.07 ▼ 4.72% AVAX 6.43 ▼ 2.83% LINK 8.47 ▼ 1.77% DOT 0.81 ▼ 3.02% LTC 46.48 ▼ 1.26% BCH 212.45 ▼ 3.42% TRX 0.33 ▼ 0.72% XLM 0.18 ▼ 2.66% HBAR 0.07 ▼ 0.64% NEAR 1.88 ▲ 0.48% ATOM 1.43 ▼ 2.36% AAVE 95.96 ▼ 1.43% SELIC 14.25% EMBRAER 83.32 ▼ 0.56% EMBRAER ADR 65.61 ▼ 0.66% JBS 12.04 ▼ 1.76% JBS BDR 61.15 ▼ 1.05% MBRF3 15.94 ▼ 0.56% MBRFY 3.10 ▼ 2.82% INTER 5.48 ▼ 3.78% IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.56% USD/MXN 17.50 ▲ 0.64% USD/CLP 946.59 ▲ 1.17% USD/COP 3,204 ▼ 0.73% USD/PEN 3.39 ▼ 0.24% USD/ARS 1,490 ▲ 0.50% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.94 ▼ 0.10% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 0.23% BRENT 100.73 ▲ 7.08% WTI 92.37 ▲ 6.38% IRON ORE 161.91 — — COPPER 6.34 ▼ 1.71% GOLD 4,052 ▼ 2.28% SILVER 58.00 ▼ 3.37% SOY 1,246 ▲ 1.03% CORN 488.25 ▲ 5.68% WHEAT 701.50 ▼ 0.60% COFFEE 309.70 ▼ 2.19% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.95 ▼ 2.89% COTTON 81.53 ▲ 2.08% COCOA 5,323 ▼ 0.09% BEEF 220.80 ▼ 1.08% CATTLE 339.65 ▼ 0.45% LITHIUM 69.02 ▲ 0.03% PETR4 43.18 ▲ 1.41% VALE3 76.11 ▲ 1.34% ITUB4 42.34 ▼ 1.31% BBDC4 18.75 ▼ 1.16% ABEV3 15.90 ▼ 1.43% BBAS3 20.83 ▼ 1.23% B3SA3 15.59 ▼ 1.95% WEGE3 45.05 ▼ 3.62% PRIO3 61.19 ▲ 2.38% SUZB3 42.07 ▼ 1.38% RENT3 37.00 ▼ 0.38% AZZA3 17.55 ▼ 1.46% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.90 ▼ 0.26% PSSA3 55.22 ▼ 0.41% CVCB3 1.27 — 0.00% POSI3 3.67 ▼ 0.81% SLCE3 13.87 ▼ 0.64% NATU3 8.60 ▼ 0.92% BRKM5 6.15 ▲ 1.32% RANI3 7.95 ▼ 0.63% CSNA3 5.39 ▲ 0.19% CMIN3 5.79 ▼ 0.86% USIM5 8.60 ▼ 0.58% GGBR4 24.17 ▲ 0.46% ENEV3 25.56 ▼ 1.58% CPFE3 46.11 ▼ 1.28% CMIG4 11.15 ▼ 0.54% EQTL3 38.78 ▼ 1.45% LREN3 13.30 ▼ 1.77% VIVT3 34.64 ▼ 2.09% RAIL3 14.00 ▲ 2.64% KLABIN 17.59 ▼ 1.90% RAIA DROGASIL 18.40 ▲ 0.60% RDOR3 33.89 ▼ 1.74% HAPV3 10.91 ▼ 4.21% FLRY3 16.59 ▼ 0.36% SMTO3 16.10 ▲ 0.31% UGPA3 32.95 ▲ 0.37% VBBR3 35.27 ▲ 0.83% BBSE3 42.46 ▼ 0.28% BPAC11 56.17 ▼ 1.49% CURY3 29.60 ▼ 1.99% AERI3 2.04 ▼ 0.49% VIVARA 21.59 ▲ 0.19% COMPASS 24.94 ▲ 0.52% VAMOS 3.20 ▼ 0.93% SANB11 26.68 ▼ 1.00% ASAI3 8.14 ▼ 3.10% SBSP3 28.83 ▼ 1.57% WALMEX 47.26 ▼ 2.86% GMEXICO 211.83 ▼ 1.48% FEMSA 223.63 ▼ 1.80% CEMEX 21.71 ▼ 2.07% GFNORTE 191.11 ▼ 0.27% BIMBO 59.75 ▼ 0.91% TELEVISA 9.91 ▲ 0.92% AMX 22.83 ▲ 0.62% GAP 378.26 ▲ 0.41% ASUR 271.61 ▼ 0.70% OMA 228.49 ▼ 0.09% KOF 180.50 ▼ 1.18% GRUMA 273.17 ▼ 2.60% KIMBER 39.02 ▲ 0.52% SQM-B 66,429 ▲ 2.11% COPEC 6,446 ▼ 1.58% BSANTANDER 79.69 ▼ 0.20% FALABELLA 6,058 ▲ 0.27% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,060 ▼ 0.96% BANCO CHILE 192.14 ▼ 0.70% LATAM AIR 23.60 ▼ 2.03% YPF 83,350 ▲ 1.03% GGAL 8,065 ▼ 2.54% PAMPA 5,690 ▲ 1.16% TXAR 672.50 ▲ 0.67% ALUAR 978.00 ▲ 0.41% TGS 10,090 ▲ 1.87% CEPU 2,431 ▲ 0.83% MIRGOR 16,700 ▼ 1.33% COME 43.00 ▼ 0.32% LOMA NEGRA 3,813 ▲ 0.07% BYMA 294.50 ▼ 0.34% TELECOM ARG 4,275 ▼ 3.28% ECOPETROL 16.73 ▲ 0.24% BANCOLOMBIA 86.24 ▲ 1.86% GRUPO AVAL 4.89 ▼ 2.98% CREDICORP 389.97 ▼ 0.94% SOUTHERN COPPER 185.76 ▼ 4.97% BUENAVENTURA 31.18 ▼ 2.84% MERCADOLIBRE 1,793 ▼ 0.32% NUBANK 14.24 ▼ 1.86% XP 17.09 ▼ 1.24% PAGSEGURO 9.39 ▼ 2.90% STONE 10.99 ▼ 3.30% GLOBANT 30.07 ▼ 1.96% TECNOGLASS 44.06 ▼ 2.57% GAP AIRPORT 216.00 ▼ 0.71% ASUR 271.61 ▼ 0.70% OMA AIRPORT 104.24 ▼ 1.06% AMX ADR 25.99 ▼ 0.50% FEMSA ADR 127.88 ▼ 2.32% CEMEX ADR 12.36 ▼ 2.87% PETROBRAS ADR 19.18 ▲ 1.51% VALE ADR 14.94 ▲ 0.57% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.10 ▼ 1.43% CSN 1.08 ▼ 0.92% GERDAU 4.77 ▼ 0.10% LATAM ADR 49.70 ▼ 3.05% BTC 64,712 ▼ 2.10% ETH 1,886 ▼ 2.46% SOL 75.92 ▼ 2.55% XRP 1.11 ▼ 2.97% BNB 566.57 ▼ 0.73% ADA 0.17 ▼ 2.87% DOGE 0.07 ▼ 4.72% AVAX 6.43 ▼ 2.83% LINK 8.47 ▼ 1.77% DOT 0.81 ▼ 3.02% LTC 46.48 ▼ 1.26% BCH 212.45 ▼ 3.42% TRX 0.33 ▼ 0.72% XLM 0.18 ▼ 2.66% HBAR 0.07 ▼ 0.64% NEAR 1.88 ▲ 0.48% ATOM 1.43 ▼ 2.36% AAVE 95.96 ▼ 1.43% SELIC 14.25% EMBRAER 83.32 ▼ 0.56% EMBRAER ADR 65.61 ▼ 0.66% JBS 12.04 ▼ 1.76% JBS BDR 61.15 ▼ 1.05% MBRF3 15.94 ▼ 0.56% MBRFY 3.10 ▼ 2.82% INTER 5.48 ▼ 3.78%
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Africa Western Africa

Liberia Secures Major EU Funding: A Look at the Global Gateway in Africa

By · October 3, 2024 · 2 min read

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The European Union has granted Liberia €108 million, marking a significant milestone in their long-standing partnership. This generous funding will support various initiatives in the West African nation.

Liberia’s Foreign Minister, Sara Beysolow-Nyanti, secured the grant during her recent diplomatic visit to Brussels. Beysolow-Nyanti met with high-ranking EU officials, including Jutta Urpilainen, the Commissioner for International Partnerships.

Their discussions focused on Liberia’s development priorities and its role in regional stability. The minister outlined President Joseph N. Boakai Sr.’s “Arrest Program” and promoted Liberia’s bid for a UN Security Council seat.

The EU’s support for Liberia extends beyond this recent grant. Since the 1970s, the two entities have maintained a strong relationship.

Currently, the EU aids Liberia through two main financial frameworks: the Global Gateway and the Multiannual Indicative Program.

Liberia Secures Major EU Funding: A Look at the Global Gateway in Africa
Liberia Secures Major EU Funding: A Look at the Global Gateway in Africa. (Photo Internet reproduction)
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These initiatives target key areas such as infrastructure, the rule of law, and education. They also address maritime security and democratic participation.

The new grant will bolster these efforts and enhance Liberia’s development prospects. Liberia’s importance to the EU stems from its strategic location in West Africa.

The country’s potential for economic growth and its role in maintaining regional peace make it a valuable partner. European leaders have praised Liberia’s contributions to stability in the Mano River Union.

EU’s Engagement with Liberia

The EU’s engagement with Liberia is part of its broader strategy in Africa. Through the Global Gateway program, the EU aims to support sustainable development across the continent.

However, this initiative focuses on infrastructure, digital transformation, and climate action. The EU’s approach differs from that of other global powers active in Africa.

China’s Belt and Road Initiative has seen decreased lending to African countries in recent years. The United States has maintained its aid budgets but hasn’t significantly increased funding.

In contrast, the EU’s Global Gateway initiative offers a sustainable and value-driven alternative. It aims to provide €300 billion in investments by 2027. This approach emphasizes partnerships based on shared values and mutual benefits.

Liberia’s €108 million grant is part of a larger EU commitment to the country. Between 2021 and 2024, the EU has allocated €191 million in grant funding for Liberia.

This support builds on previous contributions, which totaled approximately $432 million between 2014 and 2023. The success of the EU’s engagement in Liberia will depend on the effective implementation of programs.

Adapting to changing needs and challenges in the region will be crucial. The EU’s commitment to sustainable development in Africa faces competition from other global powers.

In addition, as Africa becomes increasingly important on the global stage, the EU’s approach may set a new standard.

The focus on sustainable, value-driven partnerships could reshape international development cooperation. Liberia’s progress under this new grant will be closely watched by other African nations and global observers.

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