REG/ BALKANS: EU INTENSIFY COOPERATION FOR KEY INFRASTRUCTURES

www.ansamed.info European and International Financial Institutions have agreed to intensify their cooperation on key infrastructure investment in the Western Balkan countries. The European Commission announced in this context its intention to use up to 1 billion euros from the new Instrument for Pre-Accession Assistance to secure funding in this area for the 2014-2020 programming period. Combined with funds from the Financial Institutions, the EU funds aim to attract private capital that could finance at least 10 billion euros of investment in the Western Balkans, targeting key priorities of the beneficiary countries including infrastructure and economic development. Countries in the Western Balkans will be able to access this funding mechanism, as well as sector budget support and competence-building through the transfer of knowledge, by improving their economic governance systems and making the best possible use of their national budgets.


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