The European Commission announced on Tuesday 13 September that Team Europe has disbursed €47.7 billion out of a total of €53.7 billion in financial commitments to date since the start of the pandemic in 2020 and until 31 December 2021. These disbursements were aimed at supporting more than 140 partner countries in the context of the Covid-19 pandemic and its aftermath.
Team Europe is the European Union’s response to the Covid-19 pandemic and its global consequences and aims to provide collective assistance to EU partner States.
The initiative was born out of the pooling of resources from the European Union, its Member States and the European financial institutions, in particular the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).
The Commission provided a breakdown of the €47.7 billion in disbursements made and announced that €3 billion was disbursed for emergency response to humanitarian needs in beneficiary countries, €10.6 billion went to strengthening health systems, water systems and sanitation in these countries. Finally, the largest portion, amounting to €34.1 billion was disbursed to help these countries cope with the socio-economic consequences of the pandemic. (Original version in French by Émilie Vanderhulst)