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The Balkans News™ > Blog > News > Balkans > Finance > EU Council adopts a plan worth 6 billion euros for Western Balkans to speed up enlargement process
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EU Council adopts a plan worth 6 billion euros for Western Balkans to speed up enlargement process

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Last updated: May 14, 2024 12:33 pm
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BRUSSELS (AP) — EU countries approved a plan worth 6 billion euros ($6.45 billion) to support Western Balkan states on Tuesday aimed at accelerating reforms and economic growth in the region, as they seek future membership in the bloc.

The Council of the European Union said the plan, which covers the period from 2024 to 2027, is expected to provide up to 2 billion euros in grants ($2.15 billion) and 4 billion euros ($4.3 billion) in loans. Aid is contingent on reforms that would bring Western Balkan economies in line with EU rules.

“The facility will support a range of socio-economic and fundamental reforms, including reforms related to…



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