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with eight partners, including four Western Balkan countries.
The agreements are part of the €3bn macro-financial assistance package for ten enlargement and neighbourhood partners, aimed to help them limit the economic fallout of the coronavirus pandemic.
MoUs have already been agreed with Albania, Kosovo, Montenegro and North Macedonia as well as with four other partner countries: Georgia, Jordan, Moldova and Ukraine.
The documents have also been formally signed with Kosovo and North Macedonia as well as with Moldova and Ukraine. Negotiations of the MoUs with the remaining two countries – Bosnia & Herzegovina and Tunisia – are underway, the European Commission said.
“The crisis MFA programmes will be provided on favourable terms on the basis of signed MoU outlining concrete reform commitments. It will help the neighbouring countries to cover their external financing needs in 2020-21, given the difficulties in tackling the economic impact of the pandemic,” said Executive Vice-President for Economy Valdis Dombrovskis.
For Albania, the policy conditions for its €180mn MFA programme relate to strengthening public finance and the resilience of the financial sector, improving governance and fighting corruption, and enhancing social protection.
For Kosovo, the MFA amounts €100mn and relate to strengthening public finance and financial stability and addressing youth unemployment.
For Montenegro, the policy conditions for its €60mn MFA programme relate to strengthening public finance and the fight against corruption, enhancing financial stability, improving the business environment, and reforming social protection.
For North Macedonia, the policy conditions for its €160mn MFA programme relate to strengthening fiscal governance and transparency, the fight against corruption, enhancing financial sector supervision, improving the business environment, and tackling youth unemployment.
For Georgia's €150mn programme, policy conditions relate to strengthening public finance management, improving governance, sector reforms and labour market policies.
Policy conditions for Moldova's €100mn MFA programme relate to strengthening public finance management, good governance and fight against corruption and improving the business environment.
For Ukraine's €1.2bn MFA programme, conditions relate to strengthening public finance management, governance and rule of law, reform of the judiciary, competition in the gas market and improving the business climate and governance of state-owned enterprises.
Conditions for Jordan concern two programmes amounting to €700mn. They cover public finance management, utilities, social and labour market policy, and governance,
The decision on providing MFA to ten enlargement and neighbourhood
8​ GEORGIA Country Report ​September 2020 ​ ​www.intellinews.com