IMF, EU 3bn Loan Welcomed in Balkans Despite Unknowns

Author:
Milica Stojanovic

EU candidate countries from the region have greeted an offer of 3 billion euros in emergency loans to deal with the fallout from the COVID-19 pandemic – although the terms of the loans have yet to be clarified.

EU candidate states from the West Balkans have welcomed the offer of 3 billion euros in emergency loans, to be distributed among 10 states bordering or near the EU, although the borrowing conditions remain to be determined, the European Commission confirmed to BIRN.

According to the proposal, the 10 countries should get the 3 billion euros as a macro-financial assistance MFA package for dealing with the COVID-19 situation and its consequences.

The Commission said on Wednesday that the funds would be distributed as follows: €180 million for Albania, €250 million for Bosnia and Herzegovina, €150 million for Georgia, €200 million for Jordan, €100 million for Kosovo, €100 million for Moldova, €60 million for Montenegro, €160 million for North Macedonia, €600 million for Tunisia and €1.2 billion for Ukraine.

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