EP committee members adopt decision on EUR 6bn aid for Western Balkans

Members of the European Parliament’s foreign affairs and budget committees adopted last night the decision regarding the Reform and Growth Instrument for the Western Balkans, which offers the region 6 billion euros of additional financial aid in the period from 2024 to 2027.

Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia will benefit from a new €6 billion growth plan for the Western Balkans. The plan will bring to the region some of the benefits of EU membership ahead of accession, boost economic growth and accelerate much-needed socio-economic convergence. The growth plan should significantly speed up the enlargement process and the region’s economic growth.

The new growth plan is based on four pillars:

  1. Enhancing economic integration of the region into the EU single market
  2. Boosting economic integration within the Western Balkans through the Common Regional Market
  3. Speeding up fundamental reforms
  4. Increasing financial assistance to support the reforms

Western Balkan partners will have to deliver on key reforms to receive the allocated funds. They are asked to prepare a reform agenda based on existing recommendations from the enlargement reports as well as the economic reform programmes. These agendas will be assessed by the European Commission.

(Telegraf.rs, 12.03.2024.)


This post is also available in: Italiano

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