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

(Credit: Unsplash)

This article is brought to you in association with the European Commission.


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.

Background

NDICI – ‘Global Europe’ incorporates the cooperation with Africa, the Caribbean and the Pacific into the budget, which has been financed for decades by the European Development Fund. This Fund was directly financed by the EU Member States, not by the EU budget, and therefore was not subject to the scrutiny of the European Parliament. Through NDICI – ‘Global Europe’, the EU will also boost its support to sustainable investment worldwide under the European Fund for Sustainable Development Plus (EFSD+) by leveraging private capital to complement direct external cooperation grants. The EFSD+ will be backed by a €53.4 billion External Action Guarantee, which will also cover the Western Balkans.

The political agreement reached on the new instrument in December addressed the last most sensitive open elements of the negotiations, concerning mainly the indicative allocation for some regions and thematic areas, migration, the governance of the new instrument, and the spending targets for issues such as climate change, which will increase to 30%. The political agreement has been translated into the legal text, endorsed this week by the European Parliament and the Council.  

Next steps

The new instrument is expected to enter into force in the coming months, after its formal adoption by the Council and the Parliament. Once adopted, Global Europe will be implemented through the adoption in 2021 of multi-annual indicative programmes for the 2021-2027 period for each region, partner country and thematic programme, to be prepared by the services of the Commission and the European External Action Service, which will frame the subsequent financial implementation of actions.

The EU’s long-term budget, coupled with NextGenerationEU, the temporary instrument designed to boost Europe’s recovery, will be the largest stimulus package ever financed through the EU budget. A total of €1.8 trillion (in 2018 prices) will help rebuild a post-COVID-19 Europe. It will be a greener, more digital and more resilient Europe.

The last step of the adoption of the next long-term EU budget was reached on 17 December 2020. The European Commission has started committing the funds under the new EU long-term budget as of 1 January 2021.

For the Commission to start borrowing under NextGenerationEU, thus making the instrument operational, the ratification of the new Own Resources Decision by all Member States in line with their constitutional requirements is still needed.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Europe should make voice ‘more heard’ in today’s ‘dangerous world,’ says UN chief

The revenge of the fallen

Syrian crisis is ‘clearest example’ of foreign investment in terrorism, Deputy Prime Minister says at UN

This Syrian national has been trapped at Kuala Lumpur airport for 3 months

European Commission calls on national political parties to join efforts to ensure free and fair elections in Europe

Back to the Basics: Primary Healthcare

Learning lessons from across Europe – the hidden costs of COVID-19 on lung cancer

Eliminating gender based bias in medicine: the role of medical students

MEPs propose more transparent legislative drafting and use of allowances

Out with the old: Young People transforming Humanitarian Action

Parliament adopts deal to improve quality of tap water and reduce plastic litter

Mergers: Commission clears acquisition of Eaton Hydraulics by Danfoss, subject to conditions

5 ways to #BeatAirPollution

Security spillovers from Trump’s trade wars: China, Germany prepare for global disorder

Iceland’s slowdown underlines the need to fix structural issues

Wirecard: MEPs call for new audit rules, protection for whistle-blowers and EU supervision

Why salaries could finally be on the way up

Estonia: use robust growth to improve income equality and well-being

More funds needed to counter ‘persistent and multi-faceted humanitarian problems’ in Ethiopia

EU prolongs economic sanctions on Russia by six months

New energy security framework will help meet growing needs in East Africa, sustainably – UN economic wing

Postal workers in France are helping elderly people fight loneliness

We are witnessing a revolution in genomics – and it’s only just begun

Why transparency in drug pricing is more complicated than it seems

COP21 Breaking News_04 December: Launch of CREWS, climate risk & early warning systems

Merkel: Nationalism and egoism must never have a chance again in Europe

More funding needed to combat locust swarms ‘unprecedented in modern times’

Global warming: our responsibility

Beware the fragility of the global economy

Commission provides 20 cities with funding for innovative security, digital, environmental and inclusion projects

WHO and UNICEF in campaign to protect 1.6 million in Sudan from cholera

Falling inflation urges ECB to introduce growth measures today

Why are the financial markets shivering again?

‘Great Pacific Garbage Patch’ clean-up project launches trial run: UN Environment

EU labour mobility: Inconvenient truths for everybody

European Parliament and Eurovision sign partnership for European Elections

EU attempts to make new deal with Turkey as relations deteriorate

Technophobe or technophile? We need more conversation about digital transformation

‘Emulate his example’ urges UN chief as world celebrates Nelson Mandela: a ‘global advocate for dignity and equality’

MWC 2016 LIVE: Qualcomm looks to pick up Hamilton’s winning ways

EP and EU ministers agree on Erasmus+ programme for 2021-2027

My experience living with depression and schizophrenia in Thailand

Building cybersecurity capacity through benchmarking: the Global Cybersecurity Index

3 ways to rebuild trust in how we regulate technology

First calls under Horizon Europe to be launched by the European Research Council

Philanthropy must face a reckoning on race in 2021

New UN finance panel to push Global Goals forward

Conditions deteriorating alarmingly in Yemen, warns senior UN official

Commission reinforces tools to ensure Europe’s interests in international trade

EU mobilises emergency assistance for Croatia in the aftermath of devastating earthquake

Commission concludes that an Excessive Deficit Procedure is no longer warranted for Italy at this stage

Better ID card security to curb document fraud

Can we automate our way out of the savings crisis?

5 lessons for the future of universities

Things are bad and getting worse for South Africa. Or are they?

This is why AI has a gender problem

Commission paralysed before the banking leviathan

The world must pull together to stem the urgent crisis in our ocean

Alice in Colombia

The recipe for creativity involves a lot of ideas, and a short break

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s