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The Guardian - UK
The Guardian - UK
World
Ajit Niranjan

EU to invest €45bn in Latin America and Caribbean

The European Commission president, Ursula von der Leyen, at a press conference at the end of EU-Celac summit in Brussels, Belgium, on 18 July
The European Commission president, Ursula von der Leyen, at a press conference at the end of EU-Celac summit in Brussels, Belgium, on 18 July. Photograph: Anadolu Agency/Getty Images

EU leaders in Brussels have announced €45bn (£39bn) in investments to Latin America and the Caribbean, some of which will speed the shift to clean energy, but made little headway thawing a frozen trade deal that critics say will further degrade the Amazon rainforest.

The EU-Celac summit, the first of its kind since 2015, aimed to bring the EU closer to Latin American and Caribbean countries. Disagreements over how to refer to the war in Ukraine in the final text soured negotiations.

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