With an overall allocation of €79.5 billion in current prices, the new instrument will cover the EU cooperation with all third countries. The total allocation will be divided as follows:
- €60.38 billion for geographic programmes (at least €19.32 billion for the Neighbourhood, at least €29.18
billion for Sub-Saharan Africa, €8.48 billion for Asia and the Pacific, and for Americas and the Caribbean
- €6.36 billion for thematic programmes (Human Rights and Democracy, Civil Society Organisations, Peace, Stability and Peace Conflict Prevention and Global Challenges)
- €3.18 billion for rapid response actions.
A “cushion” of unallocated funds of €9.53 billion could top-up any of the above-mentioned programmes and rapid
response mechanism. The new instrument will particularly support countries most in need to overcome the long-
term developmental challenges and will contribute to achieving the international commitments and objectives that
the Union has agreed to, in particular the Sustainable Development Goals, the 2030 Agenda and the Paris
Agreement. It merges several current external financing instruments under the EU budget. The new instrument is
expected to enter into force in the coming months, after its formal adoption by the Council and the Parliament. Once
adopted, Global Europe will be implemented through the adoption in 2021 of multi-annual indicative programmes
for the 2021-2027 period for each region, partner country and thematic programme, to be prepared by the services
of the Commission and the European External Action Service.