04/12/2021 | Press release | Distributed by Public on 04/12/2021 02:50
Team Europe is also working to ensure global, equitable access to COVID-19 vaccines and supporting the rollout of vaccination campaigns, while exploring possibilities for boosting local manufacturing capacity. The EU played a leading role in setting up the COVAX Facility, the global initiative that allows for high-income countries to fund vaccines for low and middle-income countries and where Team Europe is one of its leading donors, with over €2.2 billion.
The collective global support focuses on three main strands of action:
1) Emergency response and immediate humanitarian needs
In 2020, Team Europe spent €3.2 billion in support of the emergency response to humanitarian needs, amongst others, on:
2) Strengthening health, water, sanitation and nutrition systems
In 2020, Team Europe spent €3.5 billion on strengthening of health, water and sanitation systems, amongst others, on:
3) Mitigating the social and economic consequences of the pandemic
In 2020, Team Europe spent €19.5 billion on mitigating the social and economic consequences of the pandemic, amongst others, on:
Building on the success of the Team Europe approach, the EU and its Member States have agreed to step it up by jointly designing, funding and implementing Team Europe Initiatives. In the next programming cycle, these will be transformational projects for our partner countries and will focus on major priority areas of the EU in line with partner countries' needs.
Background
The 'Team Europe' package was launched on 8 April 2020 to support EU partner countries in the fight against the COVID-19 pandemic and its consequences. The financial support initially pledged was for around €20 billion and combined resources from the EU, its Member States, and financial institutions, in particular the European Investment Bank and the European Bank for Reconstruction and Development.
More information
Coronavirus: Team Europe continues to deliver with more than €26 billion disbursed in support to partner countries in one year (press release, 8 April 2021)