By Deirdre Tynan • 08 September 2021 • 11:07
EU member states including Spain gave the final green light to almost €14.2 billion of pre-accession financial assistance for the period 2021–2027 in favour of the Republic of Albania, Bosnia and Herzegovina, Iceland, Kosovo, Montenegro, the Republic of North Macedonia, the Republic of Serbia and the Republic of Turkey.
“This support will help beneficiaries carry out reforms with a view to future Union membership. The beneficiaries will be supported in conducting the necessary political, institutional, legal, administrative, social and economic reforms in order to comply with Union values and to progressively align themselves with Union rules, standards, policies and practices,” the EU said on September 8.
Assistance under will be based both on a performance-based approach and the fair share principle. This means that assistance will be differentiated in scope and intensity according to performance of the beneficiaries. Particular attention will be paid to efforts made in the fundamental reform areas such as the rule of law and fundamental rights, democratic institutions and public administration reform, as well as economic development and competitiveness.
At the same time, a fair share principle will be applied to ensure that the scope and intensity of the funding takes into account not only the performance of the beneficiaries but also their needs and capacities in order to avoid a disproportionately low level of assistance when compared with others and to ensure progress by all beneficiaries.
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Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.
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