The EU has moved away from donor-recipient dynamics towards mutually beneficial partnerships, which bring benefits to the local populations and strengthen resilience at home and abroad. This approach was embodied in the Global Gateway investment strategy launched in 2021. By investing in partnerships, the EU seeks to position itself in an increasingly contested environment.
Today, the EU Commission signed a package of agreements and protocols on the European Economic Area (EEA) Financial Mechanism 2021-2028 with the three EEA European Free Trade Association (EFTA) States (Iceland, Liechtenstein and Norway) and two protocols for annual duty-free tariff quotas for some Icelandic and Norwegian fish and fisheries products.
Spending allocation on climate projects could be overestimated by €34.5 billion. Not all measures tagged as ‘green’ were confirmed as being so. Finally, there is no full account of the actual sums spent on climate action in EU countries.
International Monetary Fund (IMF) staff and Ukrainian authorities have reached staff-level agreement (SLA) on the Fifth Review of the 4-year Extended Fund Facility (EFF) Arrangement. Subject to approval by the IMF Executive Board, Ukraine would have access to about US$ 1.1 billion (SDR 834.8 million). The program performance remains strong, all performance criteria were reached.
The European Commission has today raised €10 billion of EU-Bonds in its 8th syndicated transaction for 2024, €5 billion of which in the form of NextGenerationEU (NGEU) Green Bonds.
“The first lesson is that Cohesion Policy is needed more than ever. There are many structural challenges ahead. The green transition. The digital revolution. Demographic changes, including an aging – and declining – population” – EU Commissioner Elisa Ferreira.
The project will focus on seven key areas: defining Long COVID; developing a surveillance system; promoting the exchange of information amongst healthcare professionals; providing clinical guidelines and recommendations to Member States; supporting affected patients and carers; assessing the social and economic consequences of Long COVID; and identifying research needs.
The state aid scheme is aimed at supporting livestock farmers in the introduction of a more climate-friendly dairy production by reducing methane emissions. It will contribute to meeting the national binding reduction target of reducing greenhouse gas emissions from the agricultural and forestry sectors.
The European Research Council (ERC) has announced the award of 494 Starting Grants to young scientists and scholars across Europe. The funding – totalling nearly €780 million – supports cutting-edge research in a wide range of fields, from life sciences and physics to social sciences and humanities.
The health crisis caused by the COVID-19 pandemic caught the EU partially off guard. Even though the two EU medical agencies in charge of the situation eventually did well, the pandemic also highlighted shortcomings and gaps that recent EU measures have sought to address.
EU Commissioner Lenarčič held his final address in front of the European Parliament’s Committee on Development (DEVE), accompanied by remarks by EU Commissioner Urpilainen at the exchange of views with the development MEPs.
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