Object structure

click here to follow the link

Alternative title:

Global Europe: new principles of financial cooperation between the EU and its neighbours within the framework of the European Neighbourhood Policy

Subject and Keywords:

European Union   European Neighbourhood Policy   financial cooperation   European Neighbourhood Instrument   neighbourhood   Development and International Cooperation Instrument


In 2018, the Commission carried out an impact assessment covering the external action heading “Global Europe” under the 2014–2020 Multiannual Financial Framework focusing on the major changes proposed for external action, including combining several instruments into one, but of a wider scope. The analysis concluded that most of the hitherto functioning external financing mechanisms could be merged into one instrument with a global reach. As noted by the Commission, the current structure of the external financing instruments has been too complex. Connecting a number of instruments into a single broad one would provide an opportunity to rationalise their management and oversight systems and to reduce the administrative burden for all stakeholders. Having a simplified oversight system would allow the relevant institutions to have a better, more comprehensive view of the EU’s external expenditure. A broad instrument would provide a more geographically and thematically comprehensive approach, facilitating the implementation of different policies in a trans-regional, multi-sectoral and global way. The EU would facilitate coherent responses and synergies, breaking down thematic and geographic silos. For these reasons, on 9 September 2021, the EU established the Neighbourhood, Development and International Cooperation Instrument. The main objective of this paper is to present the objectives, principles, and mechanism of financial cooperation between the EU and its neighbouring states within the framework of the European Neighbourhood Policy from 2007 until now. This will allow to answer the question regarding the main similarities and differences occurring within the European Neighbourhood Policy during the last 15 years.

Date issued:


Resource Type:


Detailed Type:



ISSN 0137-1134



Abstract Language :


Access rights:

The use of this material is allowed only with accordance of applicable rules of fair use or other exceptions provided by law, and any broader use requires the permission of the authorized entity


Making materials available on the basis of the agreement with the owner of the property copyrights

Rights holder:

Copyright by Wydawnictwo Uniwersytetu Wrocławskiego sp. z o.o., Wrocław 2022   Copyright by CNS

Autor opisu:

WR U/PAdks