Western Balkan Leaders Commit to EU's Growth Plan Amid Membership Aspirations
The EU's six billion euro plan, seen as a potential 'game changer', aims to double regional economies over the next decade.
- Leaders of Western Balkan countries have pledged to make full use of the European Union’s financial support plan of six billion euros as they continue to seek membership in the bloc.
- The EU's growth plan aims to double the size of regional economies in the next decade, and is seen as a potential 'game changer' for the region.
- The plan includes a proposed six billion euro reform and growth scheme to be given out over three years, 2024-2027, contingent on agreed reforms.
- The funding hopes to address frustration among residents of candidate countries with the slow pace of the membership process, as well as maintain the countries’ alignment with the West as Russia’s war against Ukraine continues.
- Each country is responsible for its own reforms and for working with as many of its neighbors as it can, according to U.S. Assistant Secretary of State for European and Eurasian Affairs, James O’Brien.