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Image header Agence Europe
Europe Daily Bulletin No. 13650
Contents Publication in full By article 15 / 27
EXTERNAL ACTION / Foreign affairs

European Commission proposes to reform budget guarantee for EU’s external action

On Wednesday 28 May, the European Commission proposed a series of targeted changes to the current rules governing EU investment in partner countries.

The EU institution wants to increase the effectiveness and scope of the ‘European Fund for Sustainable Development Plus’ (EFSD+) budget guarantee, the External Action Guarantee (EAG), the Union’s main risk-sharing instrument for supporting priority investments outside the EU. Up to €471 million in additional resources would be...

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