European Commission presents new Growth Plan for Western Balkans including 6B euros in grants, loans

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  • 08 November, 2023
  • 13:20
European Commission presents new Growth Plan for Western Balkans including 6B euros in grants, loans

Today, the European Commission adopted a new Growth Plan for the Western Balkans, with the aim of bringing some of the benefits of membership to the region in advance of accession, boost economic growth and accelerate much needed socio-economic convergence, Report informs.

For this, a new 6 billion euro Reform and Growth Facility for the Western Balkans has been proposed for the period 2024-2027. Payments will happen only after the fulfillment of agreed reforms.