- The proposed EPF will finance operations abroad and military aid to failed or weak states
- The EPF’s EUR10.5 billion budget for 2021-27 will be funded directly by EU member states
The EU on 13 June proposed its new European Peace Facility (EPF) to finance its Common Foreign and Security Policy (CFSP) operations abroad and to help shore up failed or weak states, especially in Africa, with direct military assistance. Once approved, the EPF will also mark a significant shift by the EU’s member states toward stronger collective funding of their military missions.
“I think we all share the sense that this is probably one of the strongest legacies of our mandate and we would like our successors to have even better tools to carry out this job,” Federica Mogherini, the EU’s security and defence policy chief, told reporters in Brussels when unveiling the EPF.
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