New funding to promote regional cooperation in the western BalkanMarch 27, 2013
Funding Scheme: 2013-03-27
The European Commission has decided to implement a series of measures promoting regional cooperation between Western Balkan countries. 272,75 million euro will be dedicated to this objective for the period 2012-2013.
This funding falls within the framework of the Instrument for Pre-adhesion accession (IPA) and more precisely in the IPA’s component “cross border cooperation”.
This component of the IPA aims at supporting candidate countries and potential candidates to cooperate at an interregional and transnational level, at promoting good neighborly relations and at fostering stability and prosperity in the region.
The funds will support cooperation with international financial institutions to mobilise funding, help develop civil society, support education schemessuch as student mobility programmes, and help beneficiaries meet the requirements for EU membership and align their standards with the EU. This will complement the funding of individual national programmes by focusing on regional aspects and helping countries to learn from each other’s experience.
The funding earmarked today comes under the 2012-2013 Multi-beneficiary and Cross-Border programmes of the EU’s Instrument for Pre-accession Assistance (IPA).
Since 2007, countries wishing to join the EU have received focused EU funding and support through a single channel – the Instrument for Pre-Accession Assistance (IPA). The total pre-accession funding for the period 2007-2013 is €11.5 billion. IPA consists of five components:
Component I: Transition Assistance and Institution Building
Component II: Cross-Border Cooperation
Component III: Regional Development
Component IV: Human Resources Development
Component V: Rural Development
The execution of EU pre-accession aid under the IPA programme begins with the definition of the Commission’s intentions in terms of indicative financial allocations. This is followed by the adoption of the strategies, based on the countries’ specific needs, which have been adopted over the last few weeks setting out the priorities for EU financial assistance for the period 2011-2013. The next step is the preparation, along with the beneficiaries, of programmes to set the frame for the yearly financial allocation. Finally, the programmes are implemented through specific projects on the country or at the regional level.
Url description: European Commission Press