{"id":25784,"date":"2024-02-29T11:17:45","date_gmt":"2024-02-29T10:17:45","guid":{"rendered":"https:\/\/epi.org.mk\/?p=25784"},"modified":"2024-10-14T03:08:03","modified_gmt":"2024-10-14T01:08:03","slug":"new-growth-plan-for-the-western-balkans-solid-foundations-shaky-extensions","status":"publish","type":"post","link":"https:\/\/epi.org.mk\/en\/post\/25784?lang=en","title":{"rendered":"New Growth Plan for the Western Balkans: Solid Foundations, Shaky Extensions"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-8\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>The New Growth Plan for the Western Balkans (Growth Plan) that the European Commission (EC) revealed in November 2023 starts on a promising note. The plan\u2019s foundations rest on four pillars, which seem to be precisely what the Western Balkans (WB) needs to achieve enhanced growth rates, EU convergence, and social progress. The first pillar supports economic integration within the region via the existing Common Regional Market (CRM), essentially aiming to develop a single market for WB economies inspired by the EU single market model. The second pillar seeks to extend this integration to the level of the European Union (EU), enhancing the economic connection of the region with the EU\u2019s single market. The third pillar is focused on providing additional financial assistance to the region to support integration efforts and incentivise the necessary reforms. The fourth pillar is designed to expedite the essential reforms required for the region to meet EU standards, serving as a complement to financial support incentives. Collectively, the pillars address the critical challenges the region is currently facing, such as weak institutions, insufficient reforms, the imperative for investment in infrastructure and public goods, the need to improve economic and political cooperation in the region, and the limited scope of the regional market.<\/p>\n<p>However, a closer examination of the pillars reveals that they are largely lacking in substance, fail to tackle the primary issues within each area, and do not address the critical flaws of previous assistance packages. Therefore, the four pillars represent \u201cmore of the same\u201d rather than being a \u201cgame changer\u201d.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_btn3-container vc_btn3-inline vc_do_btn\" ><a class=\"vc_general vc_btn3 vc_btn3-size-md vc_btn3-shape-rounded vc_btn3-style-3d vc_btn3-color-purple\" href=\"https:\/\/epi.org.mk\/wp-content\/uploads\/New-Growth-Plan-for-the-Western-Balkans_Solid-Foundations-Shaky-Extensions.pdf\" title=\"\">DOWNLOAD PDF<\/a><\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container vc_col-sm-4\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_left wpb_content_element\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<a href=\"https:\/\/epi.org.mk\/wp-content\/uploads\/New-Growth-Plan-for-the-Western-Balkans_Solid-Foundations-Shaky-Extensions.pdf\" target=\"_self\" class=\"vc_single_image-wrapper vc_box_shadow_3d  vc_box_border_grey\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1058\" height=\"1497\" src=\"https:\/\/epi.org.mk\/wp-content\/uploads\/New-Growth-Plan-for-the-Western-Balkans_Solid-Foundations-Shaky-Extensions-pdf-1.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"\" title=\"New-Growth-Plan-for-the-Western-Balkans_Solid-Foundations-Shaky-Extensions-pdf\" srcset=\"https:\/\/epi.org.mk\/wp-content\/uploads\/New-Growth-Plan-for-the-Western-Balkans_Solid-Foundations-Shaky-Extensions-pdf-1.jpg 212w, https:\/\/epi.org.mk\/wp-content\/uploads\/New-Growth-Plan-for-the-Western-Balkans_Solid-Foundations-Shaky-Extensions-pdf-1.jpg 768w, https:\/\/epi.org.mk\/wp-content\/uploads\/New-Growth-Plan-for-the-Western-Balkans_Solid-Foundations-Shaky-Extensions-pdf-1.jpg 724w, https:\/\/epi.org.mk\/wp-content\/uploads\/New-Growth-Plan-for-the-Western-Balkans_Solid-Foundations-Shaky-Extensions-pdf-1.jpg 1058w\" sizes=\"(max-width: 1058px) 100vw, 1058px\" \/><\/a>\n\t\t<\/figure>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"The New Growth Plan for the Western Balkans (Growth Plan) that the European Commission (EC) revealed in November 2023 starts on a promising note. The plan\u2019s foundations rest on four pillars, which seem to be precisely what the Western Balkans (WB) needs to achieve enhanced growth rates, EU convergence, and social progress. The first pillar [...]","protected":false},"author":4,"featured_media":25788,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[119,156],"tags":[279],"class_list":["post-25784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-119","category-test","tag-csf-policy-insight"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Growth Plan for the Western Balkans: Solid Foundations, Shaky Extensions - EPI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/epi.org.mk\/en\/post\/25784\/?lang=en\" \/>\n<meta property=\"og:locale\" content=\"mk_MK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Growth Plan for the Western Balkans: Solid Foundations, Shaky Extensions - 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