EU adopts € 14.2 billion in funding to support reforms in the Western Balkans and Turkey

BELGRADE (Serbia), September 16 (SeeNews) – The European Parliament has adopted a budget of 14.2 billion euros ($ 16.7 billion) from the Instrument for Pre-Accession Assistance 2021-2027 (IPA III) to support the implementation of the economic and investment plan for the Western Balkans and develop relations with Turkey, the European Commission said.

The plan will boost the long-term economic recovery of the Western Balkans, support a green and digital transition and promote regional integration and convergence with the European Union, the Commission said in a statement on Wednesday.

IPA III will also support the development of relations with Turkey, in particular through support for people-to-people contacts, civil society, fundamental rights, the proper functioning of the EU-Turkey customs union and green and digital agendas. .

“Together we have shaped an instrument which has great potential and sends a strong signal that the European Union is determined to support the enlargement region. IPA III is definitely an investment in the future,” noted the European Commissioner for Neighborhood and Enlargement, Oliver Varhelyi.

The general objective of IPA III is to help countries adopt and implement the political, institutional, legal, administrative, social and economic reforms necessary to conform to the values ​​of the Union and to align gradually on the rules, standards and policies of the EU, the European Parliament said in a separate statement.

The first generation of the Instrument for Pre-Accession Assistance was put in place in 2007, followed by IPA II in 2014. The countries covered by the instrument will also be eligible for funding under the Neighborhood Instrument. , development and international cooperation.

($ = 0.84829 euros)

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