Press Release: European Commission simplifies funding of external assistance

The European Commission announced on 29 September its decision to replace the existing range of financial instruments for the delivery of external assistance with a simpler, more efficient framework. Instead of the current wide range of geographical and thematic instruments that has grown up in an ad-hoc manner over time, the new framework will comprise six instruments only, four of them new. The four new instruments are: an instrument for Pre-Accession Assistance, a European Neighbourhood and Partnership instrument, a Development Cooperation and Economic Cooperation instrument, and an instrument for stability. Two existing instruments, for Humanitarian Aid, and for Macro Financial Assistance are not in need of modification, and will be maintained.

EEAS: About the EEAS http://www.eeas.europa.eu/background/index_en.htm

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