Macedonia to get EUR 100 million from the EU for reform processes and economic stability

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MEPs voted on Thursday to provide up to EUR 100 million in Macro-financial Assistance to Macedonia.

The European Parliament’s Committee on International Trade statement said it endorsed the European Commission’s proposal to give the government of North Macedonia support to stabilize the country’s economic situation, the government said in a press release.

The support would come in two installments, the release of which would be conditional on progress being made with the implementation of policy measures which need to be agreed between North Macedonia and the EU in a Memorandum of Understanding. They would likely focus on fiscal governance, tax policy, the management of public investment, public-private partnerships, improvement of business environment, transparency in state aid, energy efficiency, judiciary reform, and the fight against corruption.

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