On #development, @vonderleyen is today proposing to
reinforce the Neighbourhood, Development and International Cooperation Instrument by setting it at a level of €86 billion https://twitter.com/julienserre/status/1265547832125161472">https://twitter.com/julienser...
The Commission is proposing a revamped EU
budget / MFF, amounting to €1100 bn between 2021-2027 & €750 bn for the #NextGen Recovery Instrument

https://ec.europa.eu/info/sites/info/files/communication-europe-moment-repair-prepare-next-generation.pdf">https://ec.europa.eu/info/site...
Next Generation EU will raise money by temporarily lifting the own resources ceiling to 2.00% of EU Gross National Income, allowing the Commission to use its strong credit rating to borrow €750 billion on the financial markets.
For more on #nextgen here& #39;s a good summary by @Tagliapietra_S @Bruegel_org https://twitter.com/Tagliapietra_S/status/1265618424589430784">https://twitter.com/Tagliapie...
"The EU must further strengthen its role as a security provider and a pillar of stability in the world order. To that end it will continue upholding multilateralism & more effectively promote its economic and strategic interests" in
https://ec.europa.eu/info/sites/info/files/communication-europe-moment-repair-prepare-next-generation.pdf">https://ec.europa.eu/info/site...
#securitydevelopment
If approved, EU development agencies, Development banks and implementing partners will need to deliver, with increased role & responsibilities in the Neighborhood, Africa and the Middle East @expertisefrance @Charles_Tellier @EIB @OECDdev https://twitter.com/vonderleyen/status/1265610397563916288">https://twitter.com/vonderley...
Charles Michel @eucopresident hopes for an approval before the summer break. Let& #39;s see !

/ end of thread https://twitter.com/eucopresident/status/1265636801592647680">https://twitter.com/eucopresi...
You can follow @julienserre.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: