fbpx
European Western Balkans
Politics

European Parliament gives green light to IPA III worth 14.2 billion euro

European Parliament; Photo: European Union

STRASBOURG – Parliament gave its green light on Wednesday to the new generation of the pre-accession funding instrument that will help seven countries better prepare to meet the obligations of future EU membership. Worth 14.2 billion euro, the 2021-2027 Instrument for Pre-Accession Assistance (IPA III) will support the implementation of EU-related reforms in Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia, and Turkey.

The general objective of IPA III is to support these countries in adopting and implementing the political, institutional, legal, administrative, social and economic reforms required to comply with Union values and to progressively align with the EU’s rules, standards and policies (the ‘acquis’).

This fund, the third generation of the IPA, can alter or suspend assistance if the respect of ‘fundamental’ values – democracy, human rights and rule of law – deteriorates. As a result, receiving funds from the IPA will become conditional upon a country’s respect for these values.

The revised performance-based instrument will pursue goals of climate and environmental protection, human rights and gender equality. Assistance among the donors will be better coordinated, and civil society organisations and local and regional authorities will be more closely involved.

Parliament will ensure increased democratic scrutiny through its involvement in defining some of the instrument’s objectives and thematic priorities. This includes the delegated acts procedure and a regular geopolitical dialogue with the Commission.

Co-rapporteur Željana Zovko (EPP) said that, with IPA III and its historic budget of more than 14 billion euro, the EU reaffirmed its continued commitment to the path of these countries towards European integration.

“The instrument’s programming and governance have been improved to facilitate the allocation of investments in necessary reforms and offers opportunities to create jobs, improve infrastructure and ensure the security and stability of the region”, Zovko said.

Co-rapporteur Tonino Picula (S&D) stated that the new generation of the IPA would reinforce the democratic, normative and socio-economic transformation of aspirant EU members.

“It enables smarter, better targeted, more visible and sustainable support to candidate and potential candidate countries on their path towards the EU. With the agreement today, we managed to secure strategic, conditional and visible funding that will assist and help transform enlargement countries in the face of joint challenges”, he stressed.

The Regulation will now be signed into law and will apply retroactively from 1 January 2021.

Related posts

Deal signed, Macedonia and Greece close 27-year name dispute

EWB

Zaev meets with MEPs: Unconditional support for Macedonia’s integration

EWB

COVID-19 in the Western Balkans: Sharpest measure yet during Orthodox Easter weekend

Sofija Popović