EU announces €3.3 billion help for Western Balkans to tackle Covid-19 crisis

NEWS 29.04.202013:02
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European Commission announced on Wednesday an over 3.3 billion euro financial assistance for the Western Balkan countries to address the health and humanitarian needs of the coronavirus pandemic and help the countries' social and economic recovery.

The financial package is mobilised jointly with the European Investment Bank.

Days before the European Union-Western Balkans summit, taking place on May 6, the Commission has also outlined the broad parameters of long-term support for the region, which will be presented later this year in the form of an Economic and Investment Plan.

“We have a special responsibility to assist in this pandemic our partners in the Western Balkans, as their future clearly lies in the European Union. The EU is mobilising a substantial financial package, confirming the strong solidarity. Together we will overcome this crisis and recover,” said Commission President Ursula von der Leyen

“And beyond that, we will continue to support the region, including with the reforms needed on their EU path, as the recovery will only work effectively if the countries keep delivering on their commitments,” she added.

Oliver Varhelyi, Neighbourhood and Enlargement Commissioner, said the Union acted swiftly to support the Western Balkans in addressing the pandemic

“And our work will continue as we prepare an Economic and Investment Plan for the region, to tackle the hard socio-economic impact of the crisis, to modernise the economies in the region, support the reforms and start closing the development gap, thus bringing concrete benefits to the people faster,” he said.

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