Neighbourhood, Development and International Cooperation Instrument: Coreper endorses provisional agreement with the European Parliament
EU member states' ambassadors today endorsed the provisional agreement reached on 15 December between the Council Presidency and European Parliament's representatives on a regulation setting up the Neighbourhood, Development and International Cooperation Instrument (NDICI), in the context of the 2021-2027 multiannual financial framework (MFF).
- EU member states' ambassadors today endorsed the provisional agreement reached on 15 December between the Council Presidency and European Parliament's representatives on a regulation setting up the Neighbourhood, Development and International Cooperation Instrument (NDICI), in the context of the 2021-2027 multiannual financial framework (MFF).
- With the Neighbourhood, Development and International Cooperation Instrument (NDICI) the EU is showing its capacity to act in the world.
- I also welcome the fact that, with the NDICI, the EU is putting an emphasis on climate action.
- The new instrument will streamline and simplify EU external action financing instruments for international and development cooperation, crisis response or peace-building actions in partner countries.
- It will do so by merging ten existing external financing instruments - as well as the European Development Fund - into one single financing tool.
- It will promote multilateralism, strategic priorities and the achievement of key international commitments and objectives, including the Sustainable Development Goals, the 2030 Agenda and the Paris Agreement.
- In addition, European Neighbourhood countries will benefit from enhanced political cooperationand support for the purposes of enhancing regional cooperation and promoting integration into the EUs internal market.
- Actions financed under this component aim at strengthening resilience of crisis affected countries, linking humanitarian and development actions and addressing foreign policy needs and priorities.
Background and next steps
- The Parliament adopted its first-reading position on 27 March 2019 and the Council adopted a partial mandate for negotiations with the European Parliament on 13 June 2019.
- On 27 May 2020, the Commission published a revised MFF proposal and at the Special Meeting of the European Council (17-21 July 2020), and member states decided on the sum to allocate for the total budget of the NDICI.
- Following today's endorsement by Coreper, the European Parliament and the Council will translate the agreement into legislative text before final steps will be taken for its adoption.