The European Neighbourhood Policy & Enlargement Commissioner, Johannes Hahn announced an increase in the IPA budget for candidate and potential candidate countries from 12 to 14.5 billion EUR for the period from 2021 to 2027.
“This mostly applies to the Western Balkans,” Hahn added.
These funds serve as financial support for EU candidate countries and potential candidates on in meeting the criteria for joining the Union and implementing thorough and comprehensive reforms.
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Hahn also announced a change in the manner of financing, which is shifting from financing specific countries to thematic financing.
“This will enable us to be more flexible with the view of creating competition among candidate countries and push them to expedite their progress. This way, we will raise our efficiency and the quality of our engagement”, Hahn explained.
He believes that the reformed and increased budget will enable the EU to continue working with countries that aspire to become EU members, and that it will support the strategic goals of achieving stability, security and prosperity in the EU border areas.
EU external budget grows to 9%
As for the key elements of the new external budget proposal, the funding will increase from EUR 94.5 billion in the period 2014-2020 to EUR 123 billion from 2021-2027, up by 30%. The share of the EU external budget in the Union’s total budget thereby increases from 6% to nearly 9%.
In addition to the Instrument for Pre-Accession Assistance, the EU external budget also encompasses the Neighborhood, Development and International Cooperation Instrument (EUR 89.2 billion), a humanitarian aid instrument (EUR 11 billion), the European Instrument for Nuclear Safety (EUR 300 million), an investment framework for external action, as well as the proposed European Peace Facility.
This post is also available in: Italiano