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Development Minister Müller says: “With its new development instrument the EU is showing its capacity to act.”

18.12.2020 |

BERLIN/BRUSSELS – Under Germany's Presidency of the Council of the European Union it has been possible, after 14 months of negotiating, to arrive at an agreement in Brussels today on the new Neighbourhood, Development and International Cooperation Instrument (NDICI). This means that a total of 80 billion euros is now available for the EU's next Multi-annual Financial Framework from 2021 to 2027 for cooperation with developing countries and emerging economies.

Commenting on the new instrument, German Development Minister Gerd Müller said: "With the new Neighbourhood, Development and International Cooperation Instrument the EU is collecting all its international measures together under one roof. That is a huge step forward for our efforts to overcome hunger and poverty in the world, foster sustainable development, and create peace and stability. With this new development instrument the EU is showing its capacity to act in the world. That is important, because developing countries and emerging economies will be dealing with the dramatic economic and social impacts of the COVID-19 pandemic for many years to come. I also welcome the fact that, with the NDICI, the EU is putting an emphasis on climate action. The only way for us to master the big global challenges that we face is by acting together."

The vast majority (93 per cent) of the funding allocated for the NDICI is earmarked for official development assistance (ODA). Most of the NDICI funds will be invested in sub-Saharan Africa and the EU Neighbourhood countries. Further funding is earmarked for the worldwide promotion of human rights and democracy, and stability and peace, and for crisis response measures, conflict prevention and peacebuilding. The NDICI also includes a flexibility cushion to allow for a rapid response to new challenges. One innovative element of the NDICI will be the new European Fund for Sustainable Development Plus (EFSD+), which is to be used inter alia to promote investment in partner countries. Besides the European Investment Bank, other development banks will also participate in the implementation of EFSD+ measures.

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