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On 11 December 2013, following 18 months of trilogue negotiations between the European Parliament, the Commission and the Council, MEPs endorsed a compromise on the EU’s external financial instruments. With a total value of approximately EUR 51 billion, the new external financial instruments – which include the Instrument for Pre-Accession Assistance, the European Neighbourhood Instrument, the Instrument for Stability and Peace, the European Instrument for Democracy and Human Rights, the Instrument ...