skip to main content
European Commission Logo
en English
Newsroom

Overview    News

EU disburses €90 million in Macro-Financial Assistance to Albania to address the economic fallout from the pandemic

The European Commission, on behalf of the EU, disbursed €90 million in Macro-Financial Assistance (MFA) to Albania on 5 November.

Macro-Financial Assistance package, Albania, €90 million out of €180 million, ©European Union
European Union

date:  10/11/2021

See alsoEU disburses €90 million in Macro-Fina...

The disbursement is the second and last tranche of a €180 million support programme to Albania, which is part of the €3 billion emergency MFA package for ten enlargement and neighbourhood partners that aims to help them limit the economic fallout from the COVID-19 pandemic. The programme is a concrete demonstration of the EU's solidarity with its partners as it helps them to respond to the economic impact of the COVID-19 pandemic. The first €90 million disbursement to Albania under this MFA programme took place in March 2021. Albania has fulfilled the policy conditions agreed with the EU for the release of this second and final €90 million disbursement under the COVID-19 MFA programme. These included important measures to strengthen public finance and the resilience of the financial sector, improve governance and fight corruption, and enhance social protection. In addition, Albania continues to satisfy the pre-conditions for the granting of MFA as regards the respect of human rights and effective democratic mechanisms, including a multi-party parliamentary system and the rule of law. With this disbursement, the EU has completed eight out of the ten MFA programmes in the €3 billion COVID-19 MFA package and disbursed the first tranches to all partners.