EU Council adopts €100 million assistance package for Kosovo
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