The Global Europe: Neighbourhood, Development and International Cooperation Instrument is the main financial tool of the EU's international cooperation for the period of 2021-2027.
Through direct financial transfers to their national treasury – also known as budget support, we support partner countries engaging in sustainable development reforms.
With guarantees and blending, we use public funds to start up or cover part of the costs of a project, and leverage private investments in development actions.
Trust funds are set-up to pool funding from different sources. The EU can set-up multi-donor trust funds for emergency, post-emergency or thematic actions in the field of external action.