DCI - the EU’s financing instrument for development cooperation (2014-20)

Through its Development Cooperation Instrument, the European Union aims to reduce poverty in developing countries, as well as to promote sustainable economic, social and environmental development, democracy, the rule of law, human rights and good governance.

ACT

Regulation (EU) No 233/2014 of the European Parliament and of the Council of 11 March 2014 establishing a financing instrument for development cooperation for the period 2014-20.

SUMMARY

In accordance with its policy outlined in the paper ‘An agenda for change’, the EU seeks to target its development cooperation funding where it will have most impact. Priority goes to countries in greatest need: the least-developed countries in terms of their low gross national income and their weak human assets, those in crisis or post-crisis situations and those that are fragile or vulnerable. The EU operates a differentiated approach in response to the needs, capacities and performance of partner countries.

The EU’s Development Cooperation Instrument (DCI) comprises the following.

Budget

With a budget of over €19.6 billion (current prices) for the 2014-20 period, the DCI covers all developing countries.

REFERENCES

Act

Entry into force

Deadline for transposition in the Member States

Official Journal

Regulation (EU) No 233/2014

1.1.2014

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OJ L 77 of 15.3.2014

RELATED ACT

Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions: Increasing the impact of EU development policy: an agenda for change (COM(2011) 637 final of 13 October 2011).

last update 18.06.2014