As announced (see EUROPE 11829), the European Commission on Friday 28 July adopted a draft amending budget for 2017 (no. 5), concerning the European Fund for Sustainable Development (EFSD).
Given the lack of margin in the 2017 budget under the ceiling (in commitments) of heading 4, 'Europe in the world', and taking account of redeployments already carried out, the Commission is proposing to mobilise the flexibility instrument to cover the envelope of €275 million requested for the...