The approval of reform agendas by the IPA committee marks a step toward finalizing the necessary procedures for the disbursement of initial payments under the Growth Plan for the region.
The Hungarian presidency announced that pre-financing could begin during this term, specifically before the end of the year.
Pre-financing represents seven percent of the total amount that each country in the region will receive from the Growth Plan.
For Kosovo, this pre-financing amounts to over 60 million euros. The total amount Kosovo will receive from the Growth Plan is 880 million euros, of which 250 million euros will be allocated to the country in the form of non-repayable funds, while the remaining 630 million euros will be provided as loans with favorable conditions.
The allocation of funds for each country is based on population size and gross social product.
The European Commission is expected to formally adopt the reform agendas for the five countries in the region soon, so that agreements can be signed with each beneficiary country.
Payments from the Growth Plan will commence once these agreements are ratified in the respective parliaments.
