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EU response to Covid – Budget_3

Potential extra EU resources

When presenting the CRII proposals, the Commission noted that unallocated 2014-2020 cohesion funds remain available in several Member States – totalling €28 billion (including national co-financing), with more than half of that total concerning Spain and Italy – and could be used to fight the coronavirus crisis. In addition, resources from special flexibility instruments outside the multiannual financial framework (MFF) can be used to support Member States’ efforts to mitigate the public health crisis. Some €800 million is available under the EU Solidarity Fund, where a change in the rules now allows public health emergencies to be covered. The rules for the Fund for European Aid to the Most Deprived (FEAD) have also been adapted to allow 100 % financing for food aid, assistance and protective equipment. The €179.3 million currently available under the European Globalisation Adjustment Fund (EGF) to support those who lose their jobs as a result of structural change due to globalisation could also be used to assist self-employed workers. To aid non-EU countries, the Emergency Aid Reserve will be used to provide humanitarian assistance, civilian crisis management and protection operations, to strengthen epidemic preparedness and response through the WHO’s Strategic Preparedness and Response Plan (SPRP). The first aid package proposed to mobilise €30 million under this instrument. In order to allow for swift deployment of the aid, Amending Budget No 1/2020 channels a further €45 million through the advance use of the emergency aid reserve

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