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Building on Part 1, which draws lessons from the implementation of CRII, CRII+, REACT-EU and SURE, Part 2 of this study explores alternative approaches to enhance the EU budget’s capacity to respond to crises and discusses the implications of these options from the point of view of control and accountability.

This study provides an overview of the status of international climate negotiations and issues at stake at the COP29 climate change conference. It also addresses the current implementation of the Paris Agreement, the climate policies of key Parties and the stakeholders in the negotiations. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on the Environment, Public Health and Food Safety (ENVI).

The EU will provide a new macro-financial assistance (MFA) loan of up to €35 billion to Ukraine as part of a G7 initiative to support Ukraine with a loan of up to US$50 billion (€45 billion). The new Ukraine Loan Cooperation Mechanism will provide revenues originating from immobilised Russian sovereign assets, so that Ukraine can service and repay loans from the EU and other G7 lenders. ºÏ·¨²©²ÊÍøÕ¾ is expected to adopt the proposal during its October II plenary sitting.

The European Union Solidarity Fund (EUSF) helps EU countries overcome natural disasters. ºÏ·¨²©²ÊÍøÕ¾ is scheduled to vote during the October I plenary session on a budgetary proposal to mobilise over €1 billion in EUSF funding for Italy, Slovenia, Austria, Greece and France, to deal with major flooding in 2023.

With a multi-ethnic and multi-religious population of 22 million, Sri Lanka is a country strategically located in South Asia at the crossroads of major shipping routes in the Indo-Pacific region. This lower middle-income country has undergone a severe economic crisis, whose consequences have been exacerbated by its economic and monetary policies, not to mention the 2019 terrorist attacks and the COVID-19 pandemic. In 2022, Sri Lanka defaulted, and widespread popular protests prompted the resignation ...

Two and a half years after Russia began its full-scale invasion of Ukraine, EU military aid under the European Peace Facility (EPF) is still falling behind, with fresh money needed despite the increased EPF budget reserved for Ukraine. The new plan set in place by the EU and its G7 partners to use windfall profits from frozen Russian assets only began to provide military and reconstruction support for Ukraine with the first payment on 26 July 2024. The EU will use the EPF to channel its military ...

Ukraine Facility: State of play

At a Glance 16-07-2024

The Ukraine Facility is the EU's flagship programme to support Ukraine's recovery, reconstruction and modernisation following Russia's full-scale war of aggression. The facility as defined by Regulation (EU) 2024/792 consists of three pillars and will mobilise up to €50 billion to ensure stable and predictable financial support for Ukraine between 2024 and 2027 and assist the country on its path towards EU membership. The Ukraine plan guides implementation of the facility's Pillar I: it sets the ...

This paper outlines the main elements related to conditionality included in the Ukraine Plan, and compares it with the European Union’s Recovery and Resilience Facility (RRF) and the International Monetary Fund (IMF)’s approach to conditionality, in particular with respect to the group of Fragile and Conflict-Affected States (FCS) that currently includes Ukraine.

Ukraine

At a Glance 23-04-2024

The EU is providing Ukraine with strong political and economic support, and future EU accession should support its reconstruction and modernisation, the cost of which is currently estimated at over €450 billion. This year's Ukraine Recovery Conference will seek to improve coordination and cooperation among its allies.

The Committee on Budgetary Control (CONT) will hold an exchange of views with the parliamentary Committees on Budget and on Anti-corruption Policies of the Ukrainian ºÏ·¨²©²ÊÍøÕ¾, the Verkhovna Rada, on 20 March 2024. This briefing provides background information for that debate.