EU member states' ambassadors today endorsed the final compromise text of the regulation setting up the Neighbourhood, Development and International Cooperation Instrument – Global Europe (NDICI), in the context of the 2021-2027 multiannual financial framework (MFF). With an overall allocation of €79.5 billion at current prices, the new instrument will cover EU cooperation with all third countries.
NDICI will be organised around three key pillars. The first pillar, the geographical component, will promote partnerships through cooperation with partner countries in the European Neighbourhood, Sub-Saharan Africa, Asia and the Pacific and the Americas and the Caribbean. The financial envelope will amount to €60 388 million of which at least €19 323 million will be earmarked for the Neighbourhood.
Geographic cooperation will focus on good governance, inclusive growth, climate and environment objectives, poverty eradication, the fight against inequalities, resilience, conflict prevention and human development among other cross-cutting issues.
In addition, European Neighbourhood countries will benefit from enhanced political cooperation and support for the purposes of improving regional cooperation and promoting integration into the EU’s internal market.
The other two pillars are the thematic programmes (which will fund actions linked to the Sustainable Development Goals at global level) and the rapid response component (which will be dedicated to financing quick response capacity for crisis management, conflict prevention and peace building).