EC mulls $3B support package for 10 non-EU countries

EC mulls $3B support package for 10 non-EU countries
# 22 April 2020 18:57 (UTC +04:00)

The European Commission (EC) said on Wednesday it proposed a $3 billion macro-financial assistance (MFA) package to ten "enlargement and neighboring partners" outside the European Union, aiming to help them overcome the economic downturn amid the COVID-19 pandemic, APA reports citing breakingthenews.net.

According to the preliminary estimation, the MFA funds are planned to be distributed to following countries: The Republic of Albania (€180 million), Bosnia and Herzegovina (€250 million), Georgia (€150 million), the Hashemite Kingdom of Jordan (€200 million), Kosovo (€100 million), the Republic of Moldova (€100 million), Montenegro (€60 million), the Republic of North Macedonia (€160 million), the Republic of Tunisia (€600 million) and Ukraine (€1.2 billion).

"Supporting our neighbors is essential during this time of crisis to keep the entire region stable. As part of the EU's global response to the coronavirus pandemic, we need to help our neighboring countries to cushion the worst of its economic impact," Valdis Dombrovskis (pictured) stated in a press release today.

 

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THE OPERATION IS BEING PERFORMED