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Commission presents new Growth Plan for the Western Balkans

Six billion in grants and loans

08 November, 15:06

(ANSA) - BELGRADE, NOV 8 - The European Commission adopted a new Growth Plan for the Western Balkans with the goal of bringing some of the benefits of membership to the region ahead of accession, boosting economic growth, and hastening much-needed socioeconomic convergence, the EU said today.
    The goal should be to enable partners to accelerate reforms and investments in order to significantly accelerate the pace of enlargement and economic growth. A new €6 billion Reform and Growth Facility for the Western Balkans has been proposed for the period 2024-2027 to support this. Payments will happen only after the fulfilment of agreed reforms. (ANSA).
   

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