The European Parliament adopted its position on the proposed Neighbourhood, Development and International Cooperation Instrument (NDICI). EU external action funding should support development, climate and environmental goals, and promote democracy, rule of law and human rights, say MEPs.
The new financial instrument would, once agreed by both Parliament and EU ministers, be used to distribute a large part of EU external action funding, with a proposed budget of € 93.154 billion in current prices for the 2021-2027 period, an increase of almost EUR 4 billion compared to the EU Commission’s proposal.
In order to enter into force, the proposed NDICI will have to be agreed between Parliament and Council. Negotiations between the two EU institutions are expected to start later this year.
