In the revised proposal for the EU’s multiannual external action budget - €118.2 billion for 2021-2027, including €15.5 billion of new funds under the recovery plan(see EUROPE B12494A1) - the main innovation is the increase of the guarantee for investments in non-Member States to €10.5 billion to help these countries cope with the economic and social impact of the crisis linked to the Covid-19 pandemic.
The European Commission also proposes increasing the humanitarian budget by €5...