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EP Pres. calls for mobilisation of 500 bln euro for investments in Africa

The President of the European Parliament, Antonio Tajani, Monday called for a Marshall Plan to help in the development of Africa and stop the flow of illegal migrants to Europe.

“To be truly effective, our strategy should address the root causes of migration flows We need a Marshall plan for Africa in the next EU budget. We need to dedicate at least 40 billion euro (USD 46 billion) to mobilise 500 billion euro (USD 587 billion) in total investment,” he said in press statements at the end of his one-day official visit to Libya today.

“Our objective is to lay the foundation of a manufacturing industry in Africa, capable of creating jobs and wealth in those same countries, giving a future to young Africans,” he said.

Tajani said he will strive to make sure that a substantial part of these resources are used for Libya.

He announced that together with Libyan Prime Minister Fayez Al-Sarraj, they will organise a working day on Libya on 10 October at the European Parliament in Brussels, together with the High Representative for Foreign Policy, Federica Mogherini.

“This meeting will bring together all the parties interested in the various sectors of cooperation and in the organization of future democratic elections in Libya. We want elections to be held in Libya,

Source: Kuwait News Agency