At the close of last week’s summit of Western Balkans leaders in Vienna, a group of European institutions promised to provide €200 million for transportation and energy projects in Albania, BiH, Macedonia, Montenegro, and Serbia.
The projects will be co-financed under the 2015 Instrument for Pre-Accession programme, IPA, and Western Balkans Investments Framework and by European financial institutions such as the European Investment Bank, European Bank for Reconstruction and Development, EBRD, and the German government-owned development bank, KfW.
The Western Balkans Investments Framework was developed jointly with the European Commission, the EBRD and the Council of Europe development bank, as well as by EU member states and Western Balkan countries themselves.
The projects to be financed include international roadways and power grid additions that link the nations of the region together.
