The European Commission has adopted a proposal for loans amounting to €3 billion to ten non-EU members to help them to limit the economic fallout of the coronavirus pandemic.
The following ten EU enlargement and neighborhood partners will be able to receive loans “on highly favorable terms”, which have been adopted following a preliminary assessment of financing needs:
- Albania – €180 million
- Bosnia and Herzegovina – €250 million
- Georgia – €150 million
- Jordan – €200 million
- Kosovo – €100 million
- Montenegro – €60 million
- North Macedonia – €160 million
- Moldavia – €100 million
- Tunisia – €600 million
- Ukraine – €1.2 billion
The funds will be made available for 12 months for these countries to cover their immediate financing needs.
The European Commission’s aim is to help its partners enhance their macroeconomic stability and enable them to allocate resources towards protecting citizens and mitigating the pandemic’s negative socio-economic consequences.
The disbursement of funds will starts as soon as possible after the European Parliament and the Council of the EU approve the proposal, and agreements are signed with each country.
