Global Europe
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With the European Parliament, which is preparing its first-reading position.
Last active 16 Jun 2026
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What this bill does
In plain terms: what it changes and who it affects.
This proposal creates one EU funding instrument for external action from 2028 to 2034, covering aid, partnerships, enlargement support and crisis response.
Who it affects
It affects non-EU partner countries, candidate countries including Ukraine, crisis-affected populations, civil society organisations, local authorities, and businesses involved in EU-backed external investment projects.
Core of the proposal
- Combines several external funding programmes into one Global Europe instrument with six geographic and global pillars.
- Sets an indicative EUR 200.309 billion budget, plus up to EUR 100 billion in loans for Ukraine.
- Funds development, humanitarian aid, macro-financial assistance, competitiveness, resilience, crisis response and enlargement-related support.
- Creates an EUR 14.808 billion cushion for unforeseen needs, crises, migration pressure and new EU priorities.
Articles changed · 7 across 5 laws
- Regulation (EU) 2021/947 (32021R0947)
- entire act: repeals the entire regulation with effect from 1 January 2028
- art. 26: Article 23 of this proposal applies instead for continuing actions under Regulations 2021/1529 and 2021/947
- art. 27: Article 23 of this proposal applies instead for continuing actions under Regulations 2021/1529 and 2021/947
- Regulation (EU) 2021/1529 (32021R1529)
- entire act: repeals the entire regulation with effect from 1 January 2028
- Regulation (EU) 2024/792 (32024R0792)
- entire act: repeals the entire regulation with effect from 1 January 2028
- Regulation (EU) 2024/1449 (32024R1449)
- entire act: repeals the entire regulation with effect from 1 January 2028
- Regulation (EU) 2025/535 (32025R0535)
- entire act: repeals the entire regulation with effect from 1 January 2028
Latest update
16 Jun 2026The most recent development in this bill's progress.
1st reading – European Parliament → 1st reading – European Parliament
1st reading – European Parliament → 1st reading – European Parliament
Documents
1 recentSourcesOEILEUR-LexEU Law Tracker