On Wednesday 9 June, the European Parliament endorsed, at second reading, the final text of the European Parliament/EU Council agreement on the regulation establishing the new single financing instrument called the Neighbourhood, Development and International Cooperation Instrument (NDICI, also known as Global Europe) in the 2021-2027 EU budget.
With €79.5 billion (€70.8 billion in 2018 prices), the NDICI streamlines the EU’s external assistance by merging ten existing regulations and...