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During its July plenary session, Parliament is set to discuss the Committee on Budgetary Control's report on the control of the European Investment Bank's financial activities in 2019. The report highlights the role of the Bank in financing the European Green Deal, and its gradual shift towards being 'the EU Climate Bank'. It also looks into the implementation of the European Fund for Strategic Investments (EFSI) and the Bank's external operations, among other things. As last year, the report strongly ...

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 ...

During its April plenary session, in the context of the discharge procedure for the financial year 2019, the European Parliament is due to vote on the discharge for each of 32 EU decentralised agencies and eight joint undertakings for their implementation of the 2019 budget. The Committee on Budgetary Control (CONT) proposes to grant discharge to all of these entities, except for the European Border and Coast Guard Agency (Frontex), for which it proposes to postpone the discharge decision.

In May 2018, the European Commission published its first proposal for the multiannual financial framework (MFF) for the 2021-2027 period, and a set of individual sectoral proposals. After months of negotiations and given the significantly changed context following the outbreak of the Covid-19 pandemic, the Commission updated its proposals in May 2020. In the new MFF, external action is covered by Heading 6: Neighbourhood and the World, replacing the previous Heading 4: Global Europe. Taking into ...

In May 2018, the European Commission published its initial proposal for the EU's long-term budget for 2021-2027, the multiannual financial framework (MFF), followed by a subsequent proposal in May 2020. The 2021-2027 MFF was adopted in December 2020 and has been in force since 1 January 2021. It is structured around seven headings, with a total budget of €1 074.3 billion in 2018 prices. The greater part of these funds – over 93 % – is dedicated to a variety of EU programmes, and is invested primarily ...

Understanding EU financing for external action

In-Depth Analysis 16-02-2021

To achieve its external objectives and priorities, the EU needs financial means in adequate proportions. Its global role and impact are defined to a great extent by the scope of its resources, but just as importantly by their efficient and coordinated use. This paper aims to examine the structure of the EU external financing in the 2014-2020 MFF and the agreed changes for the upcoming post-2020 period. It gives a general outline of the main financing instruments and mechanisms along with the multiple ...

Draft Amending Budget N°9/2020 (DAB 9/2020) accompanies the proposal to mobilise the European Union Solidarity Fund (EUSF) for a total of €823.5 million to provide assistance to Croatia and Poland in relation to natural disasters, and advance payments to seven Member States relating to a public health emergency. DAB 9/2020 proposes to enter in the 2020 general budget a total of €734.6 million in commitments and payments, after deducting the advance already paid to Croatia. The European Parliament ...

Draft Amending Budget No 5/2020 (DAB 5/2020) accompanies the proposed decision of the European Parliament and of the Council to mobilise the Contingency Margin in order to continue support to refugees and host communities in response to the Syria crisis. Under the Multiannual Financial Framework (MFF) heading 4, 'Global Europe', €100 million in commitment and payment appropriations is proposed as resilience support to refugees and host communities in Jordan and Lebanon, whereas €485 million in commitment ...

During its July plenary session, the European Parliament is set to discuss the Committee on Budgetary Control’s report on the control of the European Investment Bank's financial activities for 2018. Among other things, the report highlights the role of the Bank in financing the European Green Deal, the Just Transition Fund, and its future shift towards becoming 'the EU Climate Bank'. The report also stresses the need for more effectiveness and synergies when it comes to the European Fund for Strategic ...

During its July plenary session, Parliament is scheduled to vote on the 2019 report on the European Investment Bank's financial activities, drafted by the Committee on Budgets. Among other things, the report highlights the need for the bank to put more focus on climate, digitalisation and just transition; further invest in the EU and beyond; provide continuous support for small and medium-sized enterprises (SMEs) and mid-cap firms; and ensure better governance and increased transparency.