An EU off-budget fund to build peace and strengthen international security,

In a more challenging global environment, the European Union needs to step up its actions to enhance its ability to preserve peace, prevent conflicts, and strengthen international security. By proposing a new European Peace Facility (EPF) the European Union is taking on more responsibility as a global security provider.

The EPF is a proposal by the High Representative to set up a new off-budget fund, a fund outside of the Union’s multi-annual budget, potentially worth €8 billion. It will enable the financing of operational actions under the Common Foreign and Security Policy (CFSP) that have military or defence implications. It proposes to draw together existing relevant off-budget mechanisms, namely the Athena mechanism and the African Peace Facility, addressing their gaps and limitations. […]

The EPF should simplify and streamline previously different funding arrangements, notably the Athena mechanism and the African Peace Facility, while allowing for greater flexibility. Actions funded by the Facility will be decided by the Council and Member States’ control ensured through a management committee. Läs artikel