€90 million in Macro-Financial Assistance to Albania to address the economic fallout of the pandemic

by Cristian Florescu

“I am very pleased to see these funds flowing to Albania. This disbursement is a demonstration of the EU’s solidarity with the Albanian people, but also of Albania’s commitment to delivering on the important reform agenda agreed with the European Commission”, said Paolo Gentiloni, Commissioner for the Economy.

The European Commission, on behalf of the EU, has disbursed €90 million in Macro-Financial Assistance (MFA) to Albania.  This 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 aiming to help them limit the economic fallout of the COVID-19 pandemic. The programme is a concrete demonstration of the EU’s solidarity with its partners to help respond to the economic impact of the COVID-19 pandemic.

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