The EU bank welcomes commitments made by the Western Balkans countries to roll out the Green Agenda and develop a common regional market. It prioritizes investments in the areas of connectivity and a green and digital-oriented transition of the region towards knowledge-based, inclusive, and sustainable economies.
As announced at the Berlin Process Western Balkans Summit held on 10 November, the European Investment Bank (EIB) welcomes the commitments made by the leaders of the Western Balkan countries to support the implementation of the European Commission’s Economic and Investment Plan. It prioritizes investments in the areas of connectivity and a green and digital-oriented transition of the region towards knowledge-based, inclusive, and sustainable economies.
The participants at the summit – including the EIB – declared their readiness to work on the Green Agenda and a common regional market. As the EU climate bank, the EIB will provide financial and technical support for investments that enable a green transition in the region. This includes support for the gradual introduction of a renewable, diverse and sustainable energy supply for the Western Balkans aiming for a carbon-neutral region in the long term. These initiatives will also support the European Commission`s Green Deal and action to make Europe the first climate-neutral continent by 2050.
The EU bank will also prioritize investments in the digital transformation of the Western Balkans. The introduction of smart, digital-based technologies will encourage sustainable and inclusive growth of both economic and human resources in the region.