On June 14th 2018, the European Commission (DG DEVCO and ECHO) and the European External Action Services (EEAS) launched their proposed Regulation for external action funding in the next EU Multiannual Financial Framework.
The Regulation proposes to have a broad instrument – called the ‘Neighbourhood, Development and International Cooperation Instrument’ – which sets out to promote the EU’s interests, objectives and values in neighbouring and partner countries.
Part of those interests and objectives is the implementation of international agreements such as the SDGs, the Paris Agreement and the Addis Ababa Action Agenda.
It also states that the instrument will be guided by European objectives and policies such as the Partnership Framework on migration and the European Consensus on Development. As a result, the instrument is guided by numerous objectives and priorities of the EU, namely foreign affairs and development cooperation.
Read our analysis and recommendations below: