Instrument for Pre-accession Assistance (IPA III)

03 Jun: Political deal reached on seven-year funding for accession countries

(Source: European Parliament)

14.2 billion euro for EU-related reforms in the Western Balkans and TurkeySuspension of assistance in case of democratic backtrackingStronger political steer by Parliament

On Wednesday, Parliament and Council negotiators reached an agreement on the instrument governing the 2021-2027 funding for countries on the path to EU membership.

The co-legislators have agreed on the priorities, objectives and the governance of the modernised Instrument for Pre-accession Assistance (IPA III) financing. It will be worth 14.2 billion euro and will support the implementation of EU-related reforms in the seven partner countries: Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia, and Turkey.…