Global Europe: Neighbourhood, Development and International Cooperation Instrument
Neighbourhood and the World
The Global Europe: Neighbourhood, Development and International Cooperation Instrument will channel the biggest share of EU external action funds, with a budget of €79.5 billion. It is the EU’s main tool to contribute to eradicating poverty and promoting sustainable development, prosperity, peace and stability for the 2021-2027 programming period.
The EU is the world’s biggest donor of development assistance, the first trading partner and the first foreign investor for almost every country in the world. The 2021-2027 budget will increase the effectiveness and visibility of the EU’s external policies, strengthen coordination with internal policies and give the EU the flexibility needed for a faster response to new crises and challenges.
This instrument will cover the EU's cooperation with all third countries, except for the pre-accession beneficiaries and the overseas countries and territories from the geographic programmes. 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 €3.39 billion for the Americas and the Caribbean);
- €6.36 billion for thematic programmes (Human Rights and Democracy; Civil Society Organisations; Peace, Stability and Conflict Prevention; and Global Challenges);
- €3.18 billion for rapid response actions;
- €9.53 billion of unallocated funding as a rapid response mechanism which could top-up any of the above-mentioned programmes to address unforeseen circumstances, new needs or emerging challenges and promote new priorities.
This instrument will particularly support countries most in need to overcome long-term developmental challenges and will contribute to achieving the international commitments and objectives that the Union has agreed to, in particular the 2030 Agenda and its Sustainable Development Goals and the Paris Agreement. It merges several current external financing instruments under the EU budget.
The financing mechanism under this instrument is based on grants, blending and guarantees, depending on the funding strand. This allows the EU to promote public and private investment worldwide in support for sustainable development.
The Global Europe: Neighbourhood, Development and International Cooperation Instrument is open to both public and private legal entities.
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