Partner Financial Institutions

European Union and the Western Balkans

The Western Balkans are an integral part of Europe. We share a continent, and we work best when we work together.

The European Union and the region work together towards

  • the long-term economic recovery
  • green & digital transition
  • faster regional integration and 
  • convergence with the EU

The Economic and Investment Plan for the Western Balkans 2021-2027, put forward by the European Commission in October 2020, is a clear sign of the EU’s commitment to these goals in the region.

Economic and Investment Plan for the Western Balkans 2021-2027

The Economic and Investment Plan identifies 10 investment flagships and allocates a substantial financial package of up to €9 billion in EU funds, with a potential to mobilise up to €20 billion of investments through the Western Balkan Guarantee Facility.

The Plan supports investments on sustainable transport, clean energy, environment and climate, digital future, competitiveness of the business sector, human capital development.

The new EU connectivity strategy, the Global Gateway, launched in September 2021, builds on the objectives and flagship investments of the Economic & Investment Plan for Western Balkans in the areas of transport, digital and energy, which contribute to strengthened connectivity within the region and with the EU.

The Western Balkans Investment Framework (WBIF) includes:

  • the Western Balkans Enterprise Development and Innovation Facility
  • the Western Balkans Guarantee Facility

The WBIF is the main vehicle for the implementation of such ambitious recovery plan for the region.

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Up to €9bn in EU funding (IPA III 2021-2027)

Up to €20bn of investments leveraged through the Western Balkans Guarantee Facility

10 investment flagships

Green and digital transition

Latest News

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Modernisation of Brčko Port is progressing
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08-03-2022

Modernisation of Brčko Port is progressing

The construction works on the WBIF project 'Reconstruction and Modernisation of the River Port of Brčko Phase ...

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The EU in Montenegro launches campaign 'Our friendship is a success story'
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28-02-2022

The EU in Montenegro launches campaign 'Our friendship is a success story'

The European Union in Montenegro has launched a new campaign entitled “Our friendship is a success story”, whi...

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European Commission launches €3.2 billion investment package in the Western Balkans
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25-02-2022

European Commission launches €3.2 billion investment package in the Western Balkans

Today, the European Commission has unveiled a substantial €3.2 billion investment package to support 21 transp...

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Western Balkans Investment Framework

The Western Balkans Investment Framework is an EU initiative, uniting regional beneficiaries, international financial institutions, and bilateral donors to enhance the European perspective of the Western Balkans. Due to its collaborative nature in line with the ‘Team Europe’ approach, the WBIF has been identified as the main vehicle for the implementation of the ambitious Economic and Investment Plan for the Western Balkans.

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Financing Facilities

The European Union, through the WBIF, contributes to programmes and facilities that provide financial instruments to:

  • improve capacity & access to affordable finance for the SMEs
  • support the regional measures to cut CO2 emissions
  • help create a sustainable market for energy efficiency

Guarantee instruments facilities help to reduce:

  • the cost of financing for public & private investments
  • the risk for investors.

Western Balkans Enterprise Development & Innovation Facility

The Western Balkans Enterprise Development & Innovation Facility (WB EDIF), co-financed by the EU through WBIF, aims at improving access to finance for small and medium-sized enterprises (SMEs) in the Western Balkans. In addition, WB EDIF also aims to create:

  • a more favourable financing environment for SMEs, and 
  • a sustainable equity market on the long-term (including)

This includes the promotion of policy reforms to create the adequate business climate for SME financing.

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Connectivity Agenda 2015-2020

Connectivity Agenda 2015-2020

The Economic and Investment Plan for the Western Balkans builds on solid work already in progress. In 2015, the European Union and its Western Balkan partners set out on an ambitious journey to improve connectivity - within the region and with the EU. 

Five years on, we are delivering what we set out to achieve. The projects under the Connectivity Agenda are bridges of cooperation, bringing people and economies closer together. Better roads and railways are bringing faster, safer travel and a boost to trade. More efficient energy systems are delivering greater energy security and less pollution.

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3.7bn

Of total investment leveraged

1bn

In EU Grants

124m

In technical assistance for project preparation

45

Projects supported

45000

Jobs Created

Latest Videos

Publications

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WBIF Newsletter April 2022
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08-04-2022

WBIF Newsletter April 2022

WBIF Newsletter April 2022

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Trans-Balkan Electricity Corridor Serbia
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25-03-2022

Trans-Balkan Electricity Corridor Serbia

Trans-Balkan Electricity Corridor Factsheet, grid section in Serbia (ENG version, March 2022).

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WBIF 2022 Endorsed Flagship Projects
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25-02-2022

WBIF 2022 Endorsed Flagship Projects

The WBIF, on 23 February 2022, endorsed 21 flagship projects in key railway, road and waterway interconnection...

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Partner Financial Organisations

Western Balkan Partners