On the one-year anniversary of the announcement that ‘Team Europe’ would pledge €20.0 billion (US$24.2 billion) to provide support for EU partner countries’ COVID-19 response, the European Commission announced that Team Europe ultimately disbursed €26.0 billion (US$31.4 billion) in 2020 of what is now a €40.0 billion (US$48.4 billion) response package.
The participants in the Team Europe pledge consisted of the EU, its member states, the European Investment Bank (EIB), and the European Bank for Reconstruction and Development (EBRD). The €26.0 billion (US$31.4 billion) represents 65% of the overall pledged amount disbursed so far.
To date, Team Europe has provided support to more than 130 countries, including:
- €3.2 billion (US$3.9 billion) for emergency response to humanitarian needs, which is 90% of the funding that it committed;
- €3.5 billion (US$4.2 billion) for strengthening health, water, and sanitation systems, which is 41% of the funding committed; and
- €19.5 billion (US$23.6 billion) for mitigating the social and economic consequences of the pandemic, which is 68% of the funding committed.