Today we present Economic & Investment plan for #WesternBalkans to boost economic development & recovery of the region. We will mobilise up to €9 billion of funding for investment flagships in transport, energy, green & digital transition, to create sustainable growth and jobs.
In addition, investment capacity of the region should be boosted by mobilisation of a new #WesternBalkans Guarantee Facility, w ambition to potentially raise investments of up to €20 billion. Plan will increase grants compared to loans, as region’s fiscal space is limited.
The Plan also offers a path for a successful regional economic integration to help accelerate convergence, ultimately speeding up process of #EU integration. This plan should help to transform #WesternBalkans into one of the most attractive region for investments in the world.
Implementation of Plan will need to go hand in hand with reforms. Our rigorous but fair reports presented today detail where partners stand with reforms, with clearer guidance & recommendations on future steps. Their dynamic implementation will speed up progress on #EU path.