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Friday, October 26, 2001

Western Balkans: new CARDS budget

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News The European Commission has voted in favour of a new budget to help the western Balkans to stabilize their political situation.

The European Commission has adopted a new strategy concerning the difficult Balkan issue on 22 October 2001. This "CARDS Regional Stratedy Paper" offers a budget worth 197 million euros over the next three years. The strategy aims to a better co-operation between the different regions of this area, namely the western Balkans. It concerns Albania, Bosnia and Herzegovina, Croatia, the Federal Republic of Yugoslavia and the Former Yugoslav Republic of Macedonia. This geographical sector has already benefited from a 5.5 billion euros assistance programme in the 1990s. However it was mainly directed to the management of the political crisis. Today the Balkans need a new financial policy which is adapted to a longer-term vision. The Stabilisation and Association Process (SAp) was launched in 1999 to this end as part of the CARDS programme. The present budget deals with four aspects: the stabilisation of the border, the construction of institutions in the European context, the support to democratic development and to the civil society involvement, and the planification of infrastructures in transport, environment and energy.

Source :  European Commission - 22 October 2001


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