MIL-OSI Europe: Highlights – Presentation of Western Balkans Facility proposal – Committee on Foreign Affairs

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Source: European Parliament

On Wednesday 24 January 2024, Members from the AFET and BUDG Committees will hear the Commission present its proposal for a regulation establishing the Reform and Growth Facility for the Western Balkans. Its purpose is to set up a new financing instrument to provide EUR 6 billion to the countries of the Western Balkans, consisting of EUR 2 billion in grants and EUR 4 billion in highly concessional loans.

The proposal is modelled on the Ukraine Facility. Disbursement of funds would be conditional on the implementation of structural reforms, e.g. the rule of law or anti-corruption, to be identified in national reform agendas. The creation of the Facility is conditional on the EU’s long term framework (multiannual financial framework 2021-207) mid-term revision. The proposal also overlaps considerably with IPA III, the main EU instrument to promote pre-accession reforms in the countries of the Western Balkans.

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