EU Council adopts €100 million assistance package for Kosovo - Gazeta Express

English

Gazeta Express

20/05/2020 17:45

EU Council adopts €100 million assistance package for Kosovo

English

Gazeta Express

20/05/2020 17:45

The European Council on Wednesday adopted a decision to provide up to 3 billion euros of macro-financial assistance to ten enlargement and neighbourhood partners, including Kosovo and Albania, to help them cope with the economic fallout of the COVID-19 pandemic.

The EU Council in a statement said the financial assistance will be provided in the form of loans on highly favourable terms and Kosovo will get 100 million euro from this package.

EU assistance will help Kosovo and other countries of the region cover their immediate financing needs which have increased as a result of the COVID-19 outbreak. Together with the support from the International Monetary Fund, the funds will help enhance macroeconomic stability and create space to allow resources to be allocated towards protecting citizens and to mitigating the negative socio-economic consequences of the coronavirus pandemic.

Financial assistance will be provided in the form of loans on highly favourable terms and allocated as follows:

  • Albania: €180 million
  • Bosnia-Herzegovina: €250 million
  • Georgia: €150 million
  • Jordan: €200 million
  • Kosovo: €100 million
  • Moldova: €100 million
  • Montenegro: €60 million
  • Republic of North Macedonia: €160 million
  • Tunisia: €600 million
  • Ukraine: €1200 million.