The EU Council today approved the
creation of a reform and growth instrument for the Western
Balkans, a new tool to support EU-related reforms and regional
economic growth. The Facility is the financial backbone of the
so-called Western Balkans Growth Plan. It will run from 2024 to
2027 and is expected to provide up to €2 billion in grants and
€4 billion in loans to the EU's six Western Balkan partners over
the next several years.
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