European Union External Action

Team Europe steps up delivery to its COVID-19 recovery package up to €38.5 billion for partner countries

Brussels, 24/11/2020 - 11:50, UNIQUE ID: 201125_20
Press releases

EU News 328/2020

Half of Team's Europe global recovery package to help partners address the COVID-19 pandemic, which has increased to €38.5 billion, has already been disbursed, showing the EU is delivering on its commitments. The package, combining resources from the EU, its Member States, the European Investment Bank and the European Bank for Reconstruction and Development, is supporting emergency needs linked to the pandemic, crucial health services, economic recovery and social support measures, for the short and long term.

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Team Europe action combining resources from the EU, its Member States, the European Investment Bank and the European Bank for Reconstruction and Development, is making a difference in three key areas: emergency response to humanitarian needs; strengthening health, water and sanitation; addressing the social and economic consequences of the crisis.

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