{"id":100729,"date":"2023-05-25T00:00:00","date_gmt":"2023-05-25T00:00:00","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=a4a77dff1e9f1632e645cc62a15d44ea"},"modified":"2023-05-25T00:00:00","modified_gmt":"2023-05-25T00:00:00","slug":"ep-approves-eur-100-mln-assistance-for-n-macedonia","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/ep-approves-eur-100-mln-assistance-for-n-macedonia\/","title":{"rendered":"EP approves EUR-100-mln assistance for N. Macedonia"},"content":{"rendered":"
The European Parliament’s (EP) Committee on International Trade Thursday voted to provide up to EUR 100 million (USD 107 million) in Macro-financial Assistance to North Macedonia.<\/p>\n<\/p>\n
A Committee statement said it endorsed the European Commission’s proposal to give the government of North Macedonia support to stabilise the country’s economic situation by 33 votes, none against, with 1 abstention.<\/p>\n<\/p>\n
However, the assistance is conditional on a satisfactory track record by North Macedonia to implement an International Monetary Fund (IMF) programme.<\/p>\n<\/p>\n
Following a partial recovery from the pandemic-induced recession, North Macedonia has been severely hit by the fallout from Russia’s war against Ukraine, it noted.<\/p>\n<\/p>\n
North Macedonia is an EU candidate country, which formally opened accession negotiations with the EU in July 2022.<\/p>\n<\/p>\n
The Financial Assistance is scheduled to be voted by the full European Parliament in June.<\/p>\n<\/p>\n<\/p>\n
Source: Kuwait News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
The European Parliament’s (EP) Committee on International Trade Thursday voted to provide up to EUR 100 million (USD 107 million) in Macro-financial Assistance to North Macedonia.A Committee statement said it endorsed the European Commission’s proposal…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1783],"tags":[],"yoast_head":"\n