EIB and EC to Triple Advisory Assistance to Western Balkans – EUR 20 Million to Be Available Within JASPERS Program

Thanks to the new agreement that the European Investment Bank (EIB) and the European Commission announced at the JASPERS Stakeholders’ Meeting in Brussels, the Bank will triple its advisory assistance for the Western Balkans and potentially Turkey as well.

The support will be delivered under the institutions’ joint JASPERS program, entailing the largest ever budget for technical assistance of up to EUR 20 million and enhanced teams of experts over the next six years, the Bank announced.

– This new agreement commits record resources to support the EU enlargement process by helping the countries prepare vital strategies, plans and investments, while strengthening their project preparation and implementation capacities. This increased EIB advisory support will allow our partners in the Western Balkans to efficiently implement more projects under the EU Economic and Investment Plan, following EIB’s policy priorities – said EIB Vice-President Teresa Czerwinska.

She added that, under their dedicated arm for activities outside the EU, EIB Global, with EIB advisory services and the European Commission, they were determined to ensure a sustainable future for people in the EU neighborhood countries, helping them advance with reforms, economic growth and climate action.

Since 2005, the EIB’s JASPERS advisory program has worked in 27 countries and supported the preparation of hundreds of projects worth over EUR 317 billion in the areas of sustainable transport, environmental protection, innovation, healthcare and the green transition both within and outside the European Union, the Bank adds in the press release.

European Investment Bank

EIB

European Commission

JASPERS program

Teresa Czerwinska

advisory assistance to Western Balkans

Western Balkans