Establishment of a European Peace Facility

Summary

The European Parliament recommends establishing a new financial mechanism called the European Peace Facility to fund military missions and security capacity building abroad. This facility aims to provide more flexible and efficient funding for EU external actions with defense implications.
10 28.03.2019
Other
defence
human rights
european union
international relations
public finance and budget policy

Key points

  • The European Parliament recommends establishing a new financial mechanism called the European Peace Facility to fund military missions and security capacity building abroad.
  • The new facility is intended to replace the existing Athena mechanism and the African Peace Facility.
  • Funding will be used to support EU military missions and strengthen the defense capacities of third countries and international organizations.
  • The proposed average annual budget for the facility is approximately 1.5 billion euros.
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