Global Europe: The EU to invest at least €19.3 billion in neighbourhood countries
June 3, 2021
The EU is set to invest €79.5 billion on development and international cooperation in neighbouring countries and further afield by 2027.
The instrument will finance the EU’s foreign policy priorities in the coming seven years and support sustainable development in EU neighbourhood countries, as well as in sub-Saharan Africa, Asia, the Americas, the Pacific and the Caribbean.
Global Europe will support projects that contribute to addressing issues such as poverty eradication and migration and promote EU values such as human rights and democracy. At least €19.3 billion is earmarked for EU neighbourhood countries.
Global Europe is one of 15 EU flagship programmes supported by the Parliament in the negotiations on the EU’s budget for 2021-2027 and the EU recovery instrument, which collectively will allow the Union to provide more than €1.8 trillion in funding over the coming years.