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Glossary of summaries

European Fund for Sustainable Development

The European Fund for Sustainable Development (EFSD) is one of the European Union’s (EU) external financial instruments. It supports international partnerships and mobilises public and private investments in the EU’s neighbourhood and in African countries. In this way it helps achieve the sustainable development goals laid down in the UN 2030 Agenda for Sustainable Development.

The EFSD is the first pillar and the financing arm of the EU’s external investment plan. The other two pillars focus on delivering expertise and improving the countries’ investment climate.

The EFSD combines blending (a mix of existing loans and grants) and a dedicated budgetary guarantee. It works in partnership with European and international development banks.

The EFSD was established in 2017 under Regulation (EU) No 2017/1601, based on Articles 209(1) and 212(2) of the Treaty on the Functioning of the European Union. Regulation (EU) No 2017/1601 was replaced by Regulation (EU) 2021/947 establishing the Neighbourhood, Development and International Cooperation Instrument – Global Europe, including the European Fund for Sustainable Development Plus (EFSD+), which built on the EFSD.

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