Instrument for Stability showing positive results - report
By Lénaïc Vaudin d’Imécourt | Wednesday 25 July 2012
The European Union’s Instrument for Stability (IfS) has been an efficient tool in preventing conflict, preserving peace and responding to crises, the Commission’s fifth annual IfS report says. Published on 24 July, the report – which has been submitted to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions – assesses the implementation of the EU’s financial instrument for external assistance throughout 2011. According to the Commission, the document “shows how, in 2011, the mobilisation of €282 million has enabled the EU to prevent and respond to crises and threats worldwide”.
“As we have seen in 2011, more than any other year, the IfS is an important tool with which the European Union can help prevent or respond to crises and emerging threats globally,” High Representative Catherine Ashton commented on the day of publication.
After five years in operation, the IfS’ budget has more than doubled, going from €139 million in 2007 to €282 million in 2011 (a 15% increase from the previous year), thus making available some €983 million over the five-year period. Of the €282 million budget available and fully committed for the IfS in 2011, €188 million was allocated to crisis or emerging crisis situations, €30 million to response to trans-regional threats, €49 million to chemical, radiological, biological and nuclear risk mitigation, and €15 million to pre and post-crisis capacity building. In 2011, Africa received 42% of the EU’s funding under the IfS crisis response, because of “various crises in sub-Saharan Africa [that] required a high level of IfS funding to support important stabilisation efforts”.