EU launches Team Europe aid package to support partner countries to fight against COVID-19

EU Development Ministers have launched the Team Europe aid package to support partner countries to address the pandemic. 

The aim is to help the most vulnerable countries in particular in Africa, the EU’s neighborhood, but also Asia and the Pacific, as well as in Latin America and the Caribbean.

The “Team Europe” approach will combine resources from the EU, its Member States, and financial institutions, in particular the European Investment Bank and the European Bank for Reconstruction and Development.

The European Commission and the European Investment Bank have already pledged more than €15.6 billion from existing external action resources. And with the commitment of EU Member States and the European Bank for Reconstruction and Development today, we will reach a figure of more than €20 billion.