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For the first time ever, the European Parliament and the Council have agreed to revise the ceilings of the EU's multiannual financial framework. The agreement affects the remaining years of the current financial period: 2024 to 2027. The European Parliament had demanded a revision to enable the EU to rise to its challenges effectively. At the special European Council meeting on 1 February 2024, the EU Heads of State or Government reached a highly anticipated decision on the revision following the ...

Due to the veto of one Member State, the EU failed to agree on a €50 billion financial support package for Ukraine at the European Council meeting of 14 and 15 December 2023. As the EU's current financial support for Ukraine through the macro-financial assistance package MFA+ ran out at the end of 2023, a new solution is urgently needed to provide the necessary funding to Ukraine. While an agreement among all 27 Member States and within the EU's multiannual financial framework is highly preferable ...

This briefing provides background information on the financing needs of Ukraine’s reconstruction, options to finance the process and the possible role of the EU budget, as well as the governance architecture and the involvement of the European Parliament.

This briefing gives an overview of the different kind of EU funding for Africa and Latin America. Short explanations of the different types of funding are given and tables are provided with the different amounts targeting Africa and Latin America. The main EU budget instrument for funding for Africa and Latin America is the Neighbourhood, Development and International Cooperation Instrument - Global Europe (NDICI). Besides the NDICI there are other funds that address humanitarian aid and emergency ...

The last regular European Council meeting of 2022 ended with agreements on most open agenda points, notably the €18 billion of assistance to Ukraine and the ninth sanctions package. While the detailed decision on the cap for energy prices was left to the Energy Council to define, EU leaders specified in their conclusions that the proposal was to be finalised on 19 December 2022. In a long strategic discussion on EU-US relations, European Council members concurred that they want an active dialogue ...

Two years ago, the international community embarked on an unprecedented common path mapped out in the comprehensive set of Sustainable Developments Goals (SDGs), to which it had committed. Taking into account the high level of ambition of this new agenda, it was crucial to implement it as quickly and coherently as possible on all levels.

Despite the highest ever humanitarian spending globally, the exponential growth of the number of people trapped in long-term crisis has deepened the funding gap. This unprecedented discrepancy between humanitarian needs and the available funding translates into tragic losses in human potential. The European Parliament has stressed the urgency to reduce the gap and the need for 'globally coordinated, timely, predictable and flexible funding'. Hence during the two-year long preparation for the World ...

At a times of rising global terrorist threats and humanitarian crises affecting the region, the prosperous oil-producing monarchies of the Gulf Cooperation Council (GCC) – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) – have come under sustained criticism for their policy towards asylum-seekers, their support to Syrian rebels, including jihadists, and their alleged laxity towards private financing of terrorism. Although the huge increase in their humanitarian spending ...

There is broad consensus that change is needed to make the humanitarian system fit for the current challenges, including the global refugee crisis, continuing violations of International Humanitarian Law and the humanitarian funding gap. During the workshop, initiated by the Committee on Development, representatives of the EU, the UN, diplomatic missions and NGOs highlighted the importance to achieve concrete results at the World Humanitarian Summit, taking place on 23/24 May in Istanbul, as well ...

The collective pledge made by the European Union and its Member States in 2005 to provide Official Development Assistance (ODA) equivalent to 0.7 per cent of Gross National Income (GNI) by 2015 has not been upheld. Although the European Council has reiterated this commitment on an annual basis since 2010, collective European Union ODA (European Union institutions and Member States) only reached an ODA/GNI ratio of 0.42 per cent by the end of 2014.