Funds Pledged for European Endowment for Democracy

Photo Credit: New Europe

The European Commission announced the allocation of six million euro for the European Endowment for Democracy (EED), an organization that was proposed in December of 2011. Poland, who spearheaded the launch, committed an additional five million euro to the EED, while other countries are expected to contribute in the coming weeks. The goal of the EED is to “help actors of change and emerging players … in a coherent, concerted effort to promote deep and sustainable democracy as well as respect for human rights and the rule of law.” All funds allocated to target beneficiaries will come from voluntary contributions from European Union member states or private foundations, and the EED will be governed by its own statute and governing body.