This document is an excerpt from the EUR-Lex website
The regulation sets up the Neighbourhood, Development and International Cooperation Instrument — Global Europe (NDICI-Global Europe). It is designed to uphold and promote European Union (EU) values, principles and fundamental interests worldwide in order to pursue the objectives and principles of the EU’s external action, to give the EU the flexibility to respond more quickly to new crises and challenges, to increase the effectiveness and visibility of the EU’s external policies and to strengthen their coordination with internal policies. It aims to:
The regulation creates a single instrument, bringing together 10 separate instruments from the 2014-2020 multiannual financial framework (MFF) and the European Development Fund, which was previously outside the EU budget.
The regulation has a number of specific objectives:
The instrument is organised around 3 pillars.
The instrument has a number of targets, including:
The instrument contains an investment framework, a basis for financing external action from the geographical pillar to raise additional funds for sustainable development from the public and private sector. It consists of:
The financing of the instrument covers to , the duration of the MFF. It has a budget of €79.462 billion, which is broken down as follows:
with an additional €9.534 cushion for emerging challenges and priorities.
Regulation (EU) 2021/947 was supplemented by Commission Delegated Regulation (EU) 2021/1530 of .
It has applied since .
Regulation (EU) 2021/947 of the European Parliament and of the Council of establishing the Neighbourhood, Development and International Cooperation Instrument — Global Europe, amending and repealing Decision No 466/2014/EU and repealing Regulation (EU) 2017/1601 and Council Regulation (EC, Euratom) No 480/2009 (OJ L 209, , pp. 1-78)
Successive amendments to Regulation (EU) 2021/947 have been incorporated into the original text. This consolidated version is of documentary value only.
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