Skip to content. | Skip to navigation

Personal tools
Sections
You are here: Home Breaking news MEPs approve EUR 6.2 bn to tackle crisis, speed up vaccine deployment

MEPs approve EUR 6.2 bn to tackle crisis, speed up vaccine deployment

— filed under: , ,
MEPs approve EUR 6.2 bn to tackle crisis, speed up vaccine deployment

Vaccines - Photo © European Union

(STRASBOURG) - The EU Parliament gave the go-ahead to an increase in the EU budget of EUR 6.2 billion Thursday, to improve the chances of an effective and safe vaccine, and to step up COVID-19-related cohesion funding.

Cohesion funds will be topped up with €5.1 billion to ensure that requests for reimbursements from EU Member States for actions taken under the Coronavirus Response Investment Initiative Plus (CRII+) can be covered.

The CRII+ was created to relax the cohesion spending rules to increase flexibility, whereas the CRII redirected unspent money from the EU budget to tackling the COVID-19 crisis.

The vaccine-related EUR 1.1 billion will increase payments for the Emergency Support Instrument (ESI), a significant part of which is used to secure the production of vaccines in the EU and sufficient supplies for its member states. This is part of the European Commission's COVID-19 vaccine strategy.

Further information, European Parliament

Adopted text will be available here (17.09.2020)

Procedure file


Document Actions