COVID-19, EU disburses €90 million in macro-financial assistance to Albania

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The European Commission announced a €90 mln fund for Albania, as part of the program for fighting the COVID-19 pandemic.

According to the European Commission, Albania is the eighth country that is receiving aid from the €3 bln package approved for helping candidate countries.

This is half of the €180 mln fund that the EU has pledged for Albania.

“This disbursement will contribute to mitigating the severe negative socio-economic consequences of the coronavirus pandemic in Albania. This virus knows no borders: the EU stands on the side of Albania and its citizens in these difficult times. As for all MFA support programs, today’s transaction follows the adoption of a Memorandum of Understanding (MoU) with Albania, which lays down the policy conditions to be fulfilled for the disbursement of the second tranche of €90 million. These policy conditions relate in particular to improving governance or enhancing social protection. This program is a strong and concrete demonstration of the EU’s solidarity with Albania and Albanian citizens at a time of unprecedented crisis”, says the EC announcement.