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Enlargement: €14 billion for pre-accession assistance

Sep 16, 2021 | News

(16 September 2021) – The European Commission welcomes the adoption by the European Parliament of the new Instrument for Pre-accession Assistance (IPA III) for the period 2021-2027.

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This is the final step of the adoption process of this instrument, through which the EU will provide almost €14.2 billion to support candidate countries and potential candidates in key political, institutional, social and economic reforms.

IPA III has a strategic and performance based design with no country specific allocation from the onset and will focus on the rule of law and the respect of fundamental values, strengthening democratic institutions and public administration reform, promoting economic governance and reforms towards competitiveness.

It will also tackle sustainable economic recovery, energy supply, transport, environment and climate change, and digital transformation.

The current beneficiaries are Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia and Turkey.

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