|Author (Corporate)||European Commission: DG International Partnerships|
|Series Details||COM (2022) 306|
Proposal for a Council Decision - tabled by the European Commission on 20 June 2022 - concerning the allocation of funds decommitted from projects under the 10th and 11th European Development Funds for the purpose of financing actions addressing the food security crisis and economic shock in African, Caribbean and Pacific (ACP) countries following Russia's invasion of Ukraine.
Even before Russia's invasion of Ukraine, close to 193 million people across 53 countries and territories were acutely food insecure and in need of urgent assistance. Russia's attack led to the worsening of the situation. The European Commission reaffirmed its commitment to fight global food security in a Communication adopted in March 2022.
The draft Decision proposes to mobilise €600 million from the reserves of the European Development Fund (EDF) to address the food security crisis aggravated by the war in Ukraine. These funds are aimed at supporting African, Caribbean and Pacific (ACP) countries to cope with the situation, through humanitarian assistance (€150 million), sustainable production and resilience of food systems (€350 million) and macro-economic support (€100 million). The funds are de-committed funds from the 10th and 11th EDF, which would return to EU Member States unless otherwise agreed by the Council of the European Union by unanimity.
The proposal was tabled by the European Commission on 20 June 2022.
|Subject Categories||Business and Industry, Politics and International Relations|
|Subject Tags||Food | Drinks, Humanitarian Aid | Assistance, Wars | Conflicts|
|Keywords||European Development Fund [EDF], War in Ukraine (2022)
|International Organisations||African Caribbean and Pacific Group of States [ACP], European Union [EU]|