European Commission welcomes political agreement to finance EU external action
December 22, 2020
The European Commission has welcomed the political agreement between the European Parliament and EU Member States in the Council on the Neighbourhood, Development and International Cooperation Instrument (NDICI) for the next MFF period (2021-2027). These negotiations are now concluded, pending the final approval of the respective legal texts by the European Parliament and the Council.
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 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 NDICI puts an end to the European Development Fund supporting the EU cooperation to Africa, the Caribbean and the Pacific for decades.