Southern Neighbourhood: EU proposes new Agenda for the Mediterranean
To relaunch and strengthen the strategic partnership between the European Union and its Southern Neighbourhood partners, the European Commission and the High Representative have adopted a joint communication proposing an ambitious and innovative new Agenda for the Mediterranean.
The new Agenda is based on the idea that by working together and fostering a spirit of partnership, common challenges can be turned into opportunities in the mutual interest of the EU and its Southern neighbours. It includes a dedicated Economic and Investment Plan to spur long-term socio-economic recovery in the Southern Neighbourhood.
Under the new Neighbourhood, Development and International Cooperation Instrument (NDICI), up to €7 billion for the period 2021–2027 would be allocated to the Agenda’s implementation, which could mobilise up to €30 billion in private and public investment in the region in the next decade.
The new Agenda focuses on five policy areas:
- Human development, good governance and the rule of law;
- Resilience, prosperity and the digital transition;
- Peace and security;
- Migration and mobility;
- The green transition (climate resilience, energy, and the environment).
Find out more here.