The Development and Cooperation Instrument of the European Union is set to receive €20.6 billion ($29.87 billion) for the period 2014-2020 under budget proposals adopted by the European Commission on June 29 (Wednesday).
“The Development and Cooperation Instrument (DCI) will receive €20.6 billion to focus on poverty eradication and to maintain our pledge to the Millennium Development Goals (MDGs),” European Commission President Jose Manuel Barroso said at a press conference, where he outlined key elements of the proposals adopted by the commission.
Barroso said he and Janusz Lewandowski, the European commissioner for financial programming and budget, had already presented the adopted proposals to the European Parliament, which shares control over the bloc’s budget with the Council of the European Union.
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