Report on the implementation of macro-financial assistance to third countries in 2018

Summary:

Report presented on 8 July 2019 by the European Commission on financial assistance provided to candidate and potential candidate countries and to countries in the European neighbourhood.

Further information:

Macro-financial assistance (MFA) is an EU financial instrument designed to address exceptional external financing needs of countries that are geographically, economically and politically close to the EU. Its prime objective is to restore macroeconomic and financial stability while encouraging macroeconomic adjustment and structural reforms. It takes the form either of loans, for which the Commission borrows the necessary funds on capital markets and on-lends them to the beneficiary country, or, under certain circumstances, grants financed through the EU budget.

This annual report is accompanied by a Commission staff working document which provides a more detailed analysis of the macroeconomic context and the implementation of individual MFA operations during 2018.

EUR-Lex: SWD(2019)292: Background analysis per beneficiary country https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2019:292:FIN

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