The new European Neighbourhood Instrument (ENI) has come into force with a budget of €15.4 billion for the period 2014-2020, after it was published in the Official Journal on 15 March, together with five other external action funding instruments.
According to the European Commission, the ЕNI replaces the ENPI (the European Neighbourhood and Partnership Instrument) in supporting the implementation of the political initiatives that have shaped the European Neighbourhood Policy – the Eastern Partnership between the EU and its eastern neighbours, and the Partnership for Democracy and Shared Prosperity and the Union for the Mediterranean in the EU’s southern neighbourhood.
It will provide the bulk of funding for the neighbourhood countries through bilateral, regional and cross-border cooperation programmes.
The ENI Regulation enshrines the principle of ‘more-for-more’, spelling out that EU support“will be incentive-based and differentiated in forms and amounts”, taking into account a number of elements, including commitment to agreed reforms and progress in building deep and sustainable democracy.
The Regulation applies from 1 January 2014 until 31 December 2020, with a financial envelope for the period of €15,432,634,000.
For Seven Years?
For Seven Years?
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