The Western Balkans Investment Framework (WBIF) supports socio-economic development and EU accession across the Western Balkans through the provision of finance and technical assistance for strategic investments, particularly in infrastructure, energy efficiency and private sector development. It is a joint initiative of the EU, International Financial institutions, bilateral donors and the governments of the Western Balkans.
How does WBIF function?
The WBIF focuses on key sectors of the Western Balkan economies including energy, environment, transport, social issues and private sector development. Calls for proposals are organised on a regular basis, usually twice a year (with deadlines in February and September). Projects must be nominated or endorsed by the National IPA Coordinator of the respective country and projects with regional impact take precedence when deciding among applications.
Applications are assessed by the Project Financiers’ Group and grants approved by the Steering Committee. Approved projects are then implemented by the Infrastructure Project Facility teams or the IFIs themselves.
The functioning of the WBIF is based on the Consolidated Terms of Reference for the Joint Grant Facility.
WBIF Governance Structure:
WBIF pools resources from various sources into a Joint Grant Facility, namely:
a) Grant resources allocated from the EC Instrument for Pre-Accession (IPA)
b) Grant contributions from the Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), as well as KfW and the World Bank
c) Bilateral grant contributions from bilateral donors through the European Western Balkans Joint Fund (EWBJF)