EU to reinforce its support to address COVID-19 crisis and outlines proposal for post-pandemic recovery in the Western Balkans
EU sends another help package for Western Balkans.
The EU financial support package of more than €3.3 billion includes reallocation's from the Instrument for Pre-Accession Assistance of €38 million of immediate support for the health sector, in particular through delivering essential supplies to save lives, such as personal protective equipment, masks and ventilators; €389 million to address social and economic recovery needs and a €455 million economic reactivation package, in close cooperation with the International Financial Institutions. It also includes a proposal for €750 million of Macro-Financial Assistance and a €1.7 billion package of assistance from the European Investment Bank.
The EU is also providing immediate humanitarian assistance to vulnerable refugees and migrants amounting to €4.5 million and €8 million to address pressing needs in migrant camps across the region.