The European Parliament is considering changes to the EU’s cohesion policy that will allow countries affected by natural disasters to obtain rapid and flexible funding for recovery efforts. MEPs are also considering a proposal to allocate unused funds from rural development programs to compensate for losses in the agricultural sector caused by natural disasters. In both cases, recovery efforts are to be financed almost entirely by the EU. The European Commission’s proposals also aim to streamline the disbursement of advance payments for these projects.
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