EU ambassadors have backed a € 3 billion financial support package for their partners over the Coronavirus pandemic. The money will be used to help economic recovery in ten countries. Relevant information is available on the official website of the European Commission.
We are talking about 10 countries that are participants in EU enlargement and neighborhood policy and close partners of the bloc. Ukraine (1.2 billion euros) will receive the largest support from them, and 150 million euros will be provided for Georgia.
In more detail, the following countries will receive financial support:
Albania: 180 million euros
Bosnia and Herzegovina: 250 million euros
Georgia: 150 million euros
Jordan: 200 million euros
Kosovo: 100 million euros
Moldova: 100 million euros
Montenegro: 60 million euros
Northern Macedonia: 160 million euros
Tunisia: 600 million euros
Ukraine: 1,200 million euros.
“Now more than ever, it is important that we work together and show solidarity in dealing with the economic and social impact of the global crisis,” said the Croatian Finance Minister.
The financial support package provides for the issuance of loans on good terms. These funds will help countries strengthen macroeconomic stability, reduce negative socio-economic consequences.
The consent of the European Parliament and the Council of the European Union is also required for the final implementation of the financial package.