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The public sector loan facility (PSLF) is the third pillar of the Just Transition Mechanism (JTM), along with the Just Transition Fund and just transition scheme under Invest EU. The facility consists of a grant and a loan component. With the contribution of €1.525 billion for the grant component from the Union budget (including assigned revenues) and EIB lending of €10 billion from its own resources, the aim is for the public sector loan facility to mobilise between €25 and 30 billion in public ...

The SURE: Implementation

Briefing 20-10-2021

Council Regulation 2020/672 established SURE, the European instrument for temporary support to mitigate unemployment risks in an emergency, which has been in force since 20 May 2020. This note provides an overview in tabular format of the SURE implementing decisions as adopted by Council, of Commission issuances under SURE and of disbursements. It will be regularly updated.

This note provides a brief overview of Parliament involvement in scrutinising the Recovery and Resilience Facility (and the European Union Recovery Instrument). It is based on Regulation 2021/241 of 21 February, setting out the Recovery and Resilience Facility, and the relevant parts of the new Interinstitutional Agreement on budgetary matters established between the Parliament, the Council and the Commission. It does not cover nor discusses in detail other instruments or frameworks for scrutiny, ...

During the July plenary session, Parliament is due to vote at second reading on the text agreed with Council on the 2021 2027 European Maritime, Fisheries and Aquaculture Fund (EMFAF). With a budget of about €6 billion, it is the main financial tool in support of the common fisheries policy. Compared with the Commission proposal, the co legislators have extended fleet aid to vessels from 12 to 24 metres in length, but under strict conditions.

Africa, a continent of strategic importance for the EU, has been in the spotlight of EU attention in recent years for a variety of reasons. In 2020, the Cotonou Agreement, which had governed EU-sub-Saharan Africa relations since 2000, was set to expire. The European Commission and EU High Representative adopted a joint communication in 2020, charting the way towards a new strategy for Africa. However, the sixth EU African Union Summit, planned for the end of 2020, was postponed due to the global ...

A key objective of the EU's external action is to preserve peace, prevent conflicts and strengthen international security, in accordance with the purposes and principles of the United Nations Charter. In the context of its common foreign and security policy (CFSP), the Union offers assistance to third states, international organisations and regional organisations engaged in peace support operations. Moreover, the EU's common security and defence policy (CSDP) – part of the CFSP – provides the Union ...

The coronavirus pandemic has accentuated the call for global solidarity and increased the need for health care and social support in the Western Balkans. The EU's response has included the 'Team Europe' facility, but also specific initiatives for the Western Balkans. In addition to the EU co-funded Covax facility, the most recent proposal by the European Commission and Austria, announced in April 2021, confirmed the delivery of some 651 000 vaccines to the region, where the EU is competing with other ...

Union Civil Protection Mechanism 2021-2027

Auf einen Blick 21-04-2021

In June 2020, the European Commission presented a proposal to reinforce the Union Civil Protection Mechanism (UCPM), the main instrument to coordinate the EU's response to disasters. At its April 2021 plenary session, Parliament is expected to debate and vote on the compromise text resulting from interinstitutional negotiations.

European Globalisation Adjustment Fund

Auf einen Blick 21-04-2021

The 2018 European Commission's proposal to revise the European Globalisation Adjustment Fund, modified under the 2020 recovery plan for Europe, introduces changes to eligibility criteria, co-financing rules and the mobilisation procedure. Outside the 2021-2027 Multiannual Financial Framework (MFF) ceilings, it should continue to serve as a solidarity and emergency fund used on an ad hoc basis. Following an early second-reading agreement reached in January 2021, Parliament is expected to vote in April ...

Technical Support Instrument

Briefing 30-03-2021

On 28 May 2020, the European Commission adopted a proposal for a regulation on a Technical Support Instrument that would provide Member States with technical support to strengthen their institutional and administrative capacity in designing and implementing reforms. In the context of the 'Next Generation EU' recovery plan, it would support them to prepare and implement recovery and resilience plans, and make reforms and investments related to the green and digital transitions. Modelled on an instrument ...