"76.2 million euros in benefit as budget support"/ WBIF reaffirms strategic partnership with the EU
Albania continues to make important steps forward in fulfilling its commitments under the Instrument for Reform and Growth, a key mechanism of the European Union that supports structural reforms, economic growth and the acceleration of the European integration process of the Western Balkan countries.
During the visit of the monitoring mission of the Western Balkans Investment Program, a financial platform created by the European Union, international financial institutions and bilateral donors, with the aim of financing and supporting priority projects in infrastructure, energy, environment, transport, digitalization and social development in the Western Balkan countries, the strategic partnership with the EU was reaffirmed.
Thanks to the Reform and Growth Instrument, as well as the support provided through the WBIF, for the reporting period from December 2024 to June 2025, Albania has benefited from over 76 million euros in budget support. These funds, together with grants for strategic projects worth 381 million euros, which are currently being implemented, are directly contributing to the country's economic development and improving the quality of life of citizens. Minister of Finance Petrit Malaj emphasizes that investments supported by the European Union and international financial institutions are helping to modernize infrastructure, strengthen strategic sectors and create new opportunities for businesses and local communities.
Albania, Malaj emphasizes, remains fully committed to accelerating procedures, to guarantee more efficient, transparent and timely implementation of projects, as well as to ensure that every investment brings concrete and sustainable results for the country's development.
In partnership with the European Union, we are continuing to achieve the objectives of a more developed, more competitive and fully integrated Albania in the European family. Financial capacity for development investments has doubled over the last decade, with an average of around 440 million euros per year.
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