Yesterday, the European Union launched its “Team Europe” package to support partner countries in the fight against the coronavirus pandemic and its consequences. The objective of the “Team Europe” approach is to combine resources from the EU, its Member States, and financial institutions, in particular the European Investment Bank and the European Bank for Reconstruction and Development. The overall figure of the “Team Europe” package reaches more than 20 billion euros.
The EU will help the most vulnerable countries in Africa, the EU’s neighbourhood – the Western Balkans, the Eastern Partner countries, the Middle East and North Africa, parts of Asia and the Pacific, Latin America and the Caribbean. It will focus also on the people most at risk, including children, women, the elderly, and disabled people, as well as migrants, refugees, internally displaced persons and their host communities.
The support of the European Union will focus on: responding to the immediate health crisis and the resulting humanitarian needs; strengthening health, water and sanitation systems, as well as partner countries’ capacities and preparedness to deal with the pandemic; and mitigating the immediate social and economic consequences, including support to the private sector with a focus on Small and Medium-sized Enterprises, and government reforms to reduce poverty.