Analysis of the European Commission’s proposal for the EU’s next Multiannual Financial Framework and the Global Europe Instrument

The forthcoming Multiannual Financial Framework (MFF), covering 2028–2034, will define the EU’s capacity to address global challenges, from poverty reduction, gender equality, climate resilience and peacebuilding.

At the heart of the MFF’s external dimension lies the Global Europe Fund, an instrument for implementing the EU’s external action, including its development cooperation.

In this paper, CONCORD analyses the latest European Commission’s proposal, highlighting the need for flexibility to be anchored in a framework that guarantees accountability, predictability, transparency and policy coherence.