European Commission welcomes the final adoption of the EU’s new external action budget (2021-2027)
June 10, 2021
The European Commission welcomes the European Parliament‘s decision to adopt the Neighbourhood, Development and International Cooperation Instrument (NDICI) – ‘Global Europe’ for the period 2021-2027. This is the final step of the adoption process following the negotiations between the European Parliament, the Council and the Commission.
With this decision, the EU will be able to use €79.5 billion in current prices to foster global recovery over the next seven years. This envelope will be used for international partnerships on sustainable development, climate change, democracy, governance, human rights, peace and security in our neighbouring countries and beyond.
The new instrument will particularly support countries most in need to overcome their 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 Agenda 2030 and the Paris Agreement. It merges several current external financing instruments under the EU budget.