© European Commission

The European Commission welcomes the adoption on 15 September by the European Parliament of the new Instrument for Pre-accession Assistance (IPA III) for the period 2021-2027, following the Council’s positive decision on 7 September.

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. Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, commented: “Together, we shaped an instrument that has a great potential and sends a strong signal that the European Union is committed to support the enlargement region. IPA III is definitely an investment into the future .”

Read more here on the adopted IPA III instrument, relevant for the EUSDR participating states Bosnia & Herzegovina, Montenegro and Serbia.