Neighbourhood, Development and International Cooperation Instrument

The proposed regulation establishing the Neighbourhood, Development and International Cooperation Instrument comes under Heading 6, 'Neighbourhood and the World', of the new multiannual financial framework (MFF), which sets out the main priorities for the European Union's external action from 2021 to 2027. The proposed instrument, which has a budget of €70.8 billion in 2018 prices, brings together ten separate instruments and funds that existed under the 2014-2020 MFF, as well as the European Development Fund, which has until now been outside the EU general budget. The European Parliament is expected to vote at second reading during its June I plenary session, on the agreed text resulting from interinstitutional negotiations.