European Commission welcomes the endorsement of the new €79.5 billion NDICI-Global Europe instrument to support EU’s external action

European Commission welcomes the endorsement of the new €79.5 billion NDICI-Global Europe instrument to support EU’s external action

The European Commission welcomes the endorsement by the European Parliament and the Council this week of the political agreement on the Neighbourhood, Development and International Cooperation Instrument (NDICI) – ‘Global Europe’ for the next MFF period (2021-2027). This instrument will support the EU’s external action with an overall budget of €79.5 billion in current prices.

The High Representative/Vice-President, Josep Borrell, said: “Our new comprehensive instrument underpins the EU’s external action and enables us to be a leading global player and a reliable partner in the international scene, supporting our multilateral agenda. It gives us the flexibility needed to respond faster and in a more coherent way to ongoing and emerging global challenges, while supporting global priorities such as peace and stability, good governance, trade and inclusive and sustainable growth. This is what the world is expecting from the EU and we deliver.”

As lead negotiator for the European Commission, Commissioner for International Partnerships, Jutta Urpilainen, declared: “This will be our most powerful tool to support a sustainable global recovery and promote comprehensive partnerships across the world that invest in democracy and human rights. With the instrument’s financial arm- the EFSD+- we will have the means to increase the mobilisation of private investments towards the achievement of the Sustainable Development Goals. For our geopolitical Commission, this instrument will consolidate a stronger Europe in the world, by aligning better our funding to our overall priorities. We will strive for at least 20% of the overall funding in human development and increase the funding from 7% to 10% in education for the countries under my responsibility.”

Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, noted: “The new EU’s external action financial instrument will help us implement our renewed partnership with Southern Neighbourhood and kick-start the economic recovery of our neighbours in the East by boosting growth and jobs and support key sectors like connectivity, infrastructure, energy and digital. Together we will increase the resilience of our partners’ societies and economies and turn challenges into opportunities, including green and digital transformation. We will also invest in human development and opportunities for the youth, in mutual interest.”

With an overall allocation of €79.5 billion in current prices, the new instrument will cover the EU cooperation with all third countries. The total allocation will be divided as follows:

  • €60.38 billion for geographic programmes (at least €19.32 billion for the Neighbourhood, at least €29.18 billion for Sub-Saharan Africa, €8.48 billion for Asia and the Pacific, and for Americas and the Caribbean €3.39 billion);
  • €6.36 billion for thematic programmes (Human Rights and Democracy, Civil Society Organisations, Peace, Stability and Peace Conflict Prevention and Global Challenges);
  • €3.18 billion for rapid response actions.

A “cushion” of unallocated funds of €9.53 billion could top-up any of the above-mentioned programmes and rapid response mechanism, to address unforeseen circumstances, new needs or emerging challenges and promote new priorities. The new instrument will particularly support countries most in need to overcome the long-term developmental challenges and will contribute to achieving the international commitments and objectives that the Union has agreed to, in particular the Sustainable Development Goals, the 2030 Agenda and the Paris Agreement. It merges several current external financing instruments under the EU budget.

Source: New €79.5 billion NDICI-Global Europe to support EU’s action (europa.eu)

Photo Credit : https://pixabay.com/fr/illustrations/ensemble-terre-de-l-homme-conseil-2450095/

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