European Commission proposes US$530 million top-up in 2021 budget to support global COVID-19 vaccination efforts

The European Commission proposed to amend the 2021 EU budget to give a €450 million (US$530 million) boost to the Neighborhood, Development, and International Cooperation Instrument (NDICI - Global Europe) to accelerate the global COVID-19 vaccination campaign.

The EU committed to sharing 250 million vaccine doses and is prepared to provide an additional 200 million doses to lower- and middle-income countries through COVAX, the global COVID-19 vaccine procurement facility, by mid-2022. To donate the additional doses, the EU will need €1.3 billion (US$1.5 billion), of which €850 million (US$1 billion) can be leveraged from the current budget. An amended budget will provide the additional financing needed to fill the gap by mobilizing the EU Flexibility Instrument.

Q&A - European Commission

Draft amending budget - European Commission