The European Commission has proposed raising funds to help Western Balkan countries to 12.9 billion euros under the Multiannual Financial Framework for the period from 2021 to 2027.
This amount will be allocated from a total EU multi-year budget of 1.1 trillion euros, which will be the seven-year budget, according to the European Commission’s proposal.
European Commission President Ursula von der Leyene and Budget Commissioner Johannes Hahn have said the EU should take special care of its neighborhood, especially the countries of the Western Balkans.
Hahn, who has previously served as Commissioner for Neighborhood and Enlargement, said he was personally convinced of how important it is for the EU to develop the countries of the Western Balkans and advance them towards integration.
The European Commission has also proposed a special fund for recovery from the pandemic crisis entitled “EU of the next generation” in the amount of 750 billion euros.
This will be a short-term fund from which 500 billion euros would be allocated to EU member states in the form of grants, while 250 billion euros as favorable loans that would be repaid from 2027 to 2058.
As for the Western Balkans, the EU plans to come up with a special investment plan for the development of these countries in the fall.
The European Union (EU) reiterates its view that the rule of law and the adaptation of projects to European priorities, such as environmental protection, digital development and investment in science and technology, will remain an important condition for the use of financial assistance.
As a result of the coronavirus crisis, the EU will increase its focus on the health sector in the Western Balkans region.