EU: 90m euros in financial aid to Tirana to tackle pandemic

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The EU today disbursed 90m euros in financial aid to Albania to tackle the pandemic, according to a European Commission statement.

This disbursement is the second and final tranche of a 180m-euro support program to Albania, part of an emergency macro-financial assistance package totaling 3 billion euros for ten enlargement and neighborhood partners. The aim of the financial assistance is to reduce the financial impact of the COVID-19 pandemic.

Economy Commissioner Paolo Gentiloni welcomed the disbursement of these funds to Albania, saying: “This disbursement is a testament to the EU’s solidarity with the Albanian people, but also to Albania’s commitment to implementing the important with the European Commission “.

The first disbursement of EUR 90 million to Albania under this MFA program took place in March 2021. Albania has fulfilled the policy conditions agreed with the EU to release this second and final disbursement of EUR 90 million under the macro-financing program. for COVID-19. This included important measures to strengthen public finances and the resilience of the financial sector, improve governance and the fight against corruption, and strengthen social protection. In addition, according to the Commission, Albania continues to meet the conditions for respect for human rights and effective democratic mechanisms, including a multi-party parliamentary system and the rule of law.

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Source From: Capital

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