signing a grant agreement and how payments are made. Subsidies are usually paid in several tranches over the life of the project. Once you have signed the grant contract, you will receive a pre-financing that can be followed by one or more interim payments. You will receive the last payment after the project is completed. The new financial agreement of the Council of the EU provides for EUR 1,824.3 billion divided into two separate blocs. The next generation stimulus fund proposed by the Commission, which aims to restore the European economy after Covid, will amount to 750 billion euros. The remaining EUR 1,074.3 billion is part of the multi-year financial framework, the European Union`s budget for the next seven years, with a particular focus on the green and digital transition as the two main pillars of the future Europe. Since 2006, the European Union, through the European Commission (EC), has been working with ifAD to finance a number of thematic and national programmes. This relatively young partnership has developed in several interesting directions, both in terms of the funds invested and the dissemination of programs that benefit from this investment. A new chapter in the history of the European Union is being written. The new financial agreement to which the European Council concluded on 21 July, following extensive negotiations, is certainly an important step in European integration. The partnership is defined as part of the Financial and Administrative Framework Agreement (FAFA) signed by the European Commission and IFAD in September 2004. Since then, the EU has made more than 500 million euros available to IFAD.
A relationship of trust, rigour and common vision has developed. If your proposal is accepted, you will be asked to sign a detailed contract called the Grant Agreement. Intermediate and final payments are contingent on project results. It is important to report on the progress of your project in accordance with the reference schedule of the grant agreement. The budget for the next seven years (2021-2027) will amount to EUR 1,074.3 billion and has been discussed with the aim of giving the Union the capacity to deal with the consequences of the current crisis on the European economy and society. Written by Alberto Soria, Project Manager at EURADA The specific amounts that the various programmes will receive are: the Justice, Rights and Values programme and the new EU4Health programme, which examines resilience and health security, are two of the main programmes implemented under the aegis of resilience. Following the initiation of COVID, EU Member States are unable to cope with the economic consequences of the crisis. Such an initiative was therefore necessary. The NGEU will be worth up to 750,000 billion euros, which will be transferred to Member States in two different ways: over the past seven years, IFAD and the EU have come together in emerging areas of common and strategic interest: for poor agronomic research, transfers of funds for development, support for networks of agricultural organisations, partnerships between the public and private sectors and management of agricultural risks. Together, IFAD and the EU are encouraging innovation in these areas and have developed new approaches that are now recognised as essential to achieving the Sustainable Development Goals.