Find out the latest on EU-related activities and events in the Western Balkans
News / EU disburses a further €460 million to mitigate economic fallout of COVID-19
The European Commission, on behalf of the EU, has made further disbursements under its COVID-19 Macro-Financial Assistance (MFA) package to Kosovo, Montenegro and North Macedonia, as well as Tunisia. The allocations of €50 million to Kosovo, €30 million to Montenegro and €80 million to North Macedonia are part of the €3 billion MFA package agreed in May 2020 to help ten enlargement and neighbourhood partners mitigate the economic fallout of the COVID-19 pandemic.
All partners receiving disbursements continue to satisfy the pre-conditions for granting MFA regarding the respect of human rights and effective democratic mechanisms, including a multi-party parliamentary system and the rule of law.
With this disbursement, the EU has successfully completed three out of the 10 Macro-Financial Assistance (MFA) programmes in the €3 billion COVID-19 MFA package and disbursed the first tranches of assistance to all partners but one. The last partner, Bosnia and Herzegovina, is set to receive its first instalment, a €125 million loan, once it ratifies its Memorandum of Understanding.
The Commission continues to work closely with all its Macro-Financial Assistance (MFA) partners to timely implement the agreed policy programmes.
Source: European Union
Photo credits: European Union
Find out more
Sign up for our newsletter for all the latest news, stories, funding opportunities and events!
We have sent you an email with a confirmation link. Click on the link and complete your subscription.
If you don’t see the email in your inbox please check your spam folder.
The second call for applications to the Young European Ambassadors Network in the Western Balkans is NOW OPEN!