Mobilization of EU Solidarity Fund for 2017 Advances

Summary

The proposal aims to mobilize €50 million from the EU Solidarity Fund (EUSF) to provide advance payments for potential natural disasters in 2017.
10 28.02.2017
Other
finance
social policy
european union

Key points

  • Allocation of funds from the EU Solidarity Fund for the 2017 budget year.
  • Mobilization of a total amount of €50,000,000 for the payment of advances.
  • Introduction of an advance payment mechanism to speed up the delivery of aid to affected countries.
  • Limitation of advances to a maximum of €30 million or 10% of the anticipated total financial contribution.
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