17th July 2023, Skopje – EU approved today one hundred million macro-financial assistance for the Republic of North Macedonia – supporting the country on its path to EU membership, supporting the reforms and, most importantly, supporting the policies implemented in times of crisis.
“EU assistance is a confirmation of all activities we are undertaking as policies, being previously affirmed by the international financial institutions as well. EU 100 million euros support the country’s plan for managing the energy crisis and the reforms under the EU integration process”, Minister of Finance, Fatmir Besimi, pointed out.
As EU noted, the assistance is a result of Government’s strong commitment to implementing further reforms, focusing on key policy areas identified in the Joint Conclusions of the Economic and Financial Dialogue between the EU and the Western Balkans and Turkey of 24th May 2022.
Suggested EU assistance will provide for covering the financing needs during 2023 and 2024, thus underpinning the fiscal sustainability and the structural reforms in the field of fiscal management, tax policy, public investment management, public-private partnerships, business environment, transparency as regards the state aid, energy, efficiency, judiciary reforms, as well as the fight against corruption.
This macro-financial assistance is provided under the EC package in the context of COVID-19 pandemic. In 2020 and 2021, EU macro-financial assistance provided to the Republic of North Macedonia amounted to EUR 160 million, being aimed at coping with the consequences of COVID-19 crisis.