The EU Ambassador in Skopje, Samuel Žbigar, announced on his Twitter profile that the European Union will help Macedonia in the fight against the corona virus with assets in the amount of 66 million euros. 4 million will be diverted for urgent matters, 50 million for socio-economic recovery, 9 millions for the private sector and 3 million euros for a direct budget support.
“We are all together in the fight against this vicious virus. In this time of need EU will support North Macedonia” wrote Žbogar.
We are all together in the fight against this vicious virus. In this time of need EU will support North Macedonia with:
➡️Up to 4 mio for immediate needs
➡️Up to 50 mio for socioeconomic recovery
➡️9 mio for private sector
➡️3 mio direct budget support
#IdninaZaedno #EUsoTebe pic.twitter.com/dhBQNSj6yz
— EU Ambassador (@AmbassadorEU) March 24, 2020
Since several days ago, the Macedonian government announced that it expects help from the European Union in order to fight the coronavirus situation. The Finance Minister Nina Angelovska stressed that the government will take 87 million euros from the International Monetary Fund while it will withdraw 100 million euros from the World Bank as assets for development strategies. Macedonia also plans to take a loan in the amount of 400 million euros from foreign banks.