Q:
A:
Linear increase of IPA funds proposed
Belgrade/Brussels,
6 December 2010
Deputy Prime Minister for European Integration Bozidar Djelic suggested in Brussels today that the funding from European funds for countries aspiring to membership in the Union should begin to increase linearly and that the EU should provide guarantees for the budgets of these countries.
The Deputy Prime Minister, who is attending the IPA regional conference themed “Sustainable outcomes and impacts”, said that Europe is beginning to think about the ways of financing the Western Balkans and Turkey in the coming eight years.
Therefore, it is essentially important that these ideas presented today were well-received, he said.
The Deputy Prime Minister explained that financial support should be provided for countries seeking EU membership linearly throughout the upcoming years.
This would mean that instead of the official €200 million, Serbia could receive from IPA funds 300, 500, 600, 800 million euros in the years to come in order to get prepared better for entry into the EU, he explained.
Another idea is to give guarantees to the EU for Serbia’s budget so that we could borrow on the capital market under the same conditions that apply to the EU, including an interest rate of around 1% per year, Djelic said.
This increased support from the EU and provision of guarantees are now for the first time supported by European officials, Djelic explained and underlined that the precondition for both things is a financial system which is transparent, uncorrupted and in which European taxpayers know what the money is spent on.
Therefore, it is essentially important that these ideas presented today were well-received, he said.
The Deputy Prime Minister explained that financial support should be provided for countries seeking EU membership linearly throughout the upcoming years.
This would mean that instead of the official €200 million, Serbia could receive from IPA funds 300, 500, 600, 800 million euros in the years to come in order to get prepared better for entry into the EU, he explained.
Another idea is to give guarantees to the EU for Serbia’s budget so that we could borrow on the capital market under the same conditions that apply to the EU, including an interest rate of around 1% per year, Djelic said.
This increased support from the EU and provision of guarantees are now for the first time supported by European officials, Djelic explained and underlined that the precondition for both things is a financial system which is transparent, uncorrupted and in which European taxpayers know what the money is spent on.
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