Press Release: European Commission and the Financial Institutions agreed to intensify their cooperation for innovative infrastructure solutions in the Western Balkans

European and International Financial Institutions on 5 November 2013 agreed to intensify their cooperation on key infrastructure investment in the Western Balkan countries and to jointly develop innovative financial instruments which pool public and private funds.

The European Commission announced in this context its intention to use up to €1 billion from the new Instrument for Pre-Accession Assistance to secure funding in this area for the 2014-2020 programming period.