North Macedonia

North Macedonia

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North Macedonia

  • Population: 1.8 million
  • GDP: €12.9 billion
  • GDP per capita: €5,170
  • Public debt: 50.4% GDP
  • EU candidate: Candidate country since December 2005

'WBIF investments are instrumental in connecting people, creating jobs and boosting economic development in North Macedonia and the entire Western Balkans. WBIF projects bring tangible benefits to the lives of people and accelerate the EU integration of the region.'

Ambassador David Geer

Since 2009, the WBIF has supported estimated investments of €3 billion in the public sector in North Macedonia.

The country has benefitted from 48 grants for €486.5 million in technical assistance and investment co-financing. The EU IPA grant support channelled through the WBIF accounts for €466.3 million and covers both technical assistance and investment works. Other donors have contributed €20.2 million as well. 

€486.5 m

Investment grants:  €457.3m

Technical assistance: €29.2m

€3bn

€900m

WBIF grants

Transport

Sustainable transport

€306.4m

Energy

Clean energy

€69.4m

Environment & climate

€97.8m

Human capital

€12.9m

Digital future

-

Private sector competitiveness

Breakdown of support provided below

Total

€486.5m

Achieved results

2009 – 2022

  • 46.8 MW renewable energy generation capacity installed
  • 70 km of transmission lines upgraded
  • Better schools for more than 78,000 students per year
  • Healthcare research and treatment facilities for 1.8 million people

Expected results

2023 – 2030

  • 957 MW renewable energy generation capacity installed
  • 107 km of future-proof gas pipelines built
  • 205 km of railway lines rehabilitated
  • Efficient solid waste services for 1.4 million people

Support to Private Sector

wb edif

The Western Balkans Enterprise Development & Innovation Facility

  • €21.9m in financing for SMEs
  • 118 SMEs supported in North Macedonia
efse

European Fund for Southeast Europe

  • €216 million in sub-loans since inception
  • 10,929 borrowers since inception
  • 49 projects supported since inception
ggf.

Green for Growth Fund

  • €51.6 million sub-loan investments since inception
  • 229,405 MWh/year primary energy savings
  • 65,108 tCO2/year emissions reduction
regional energy

The Regional Energy Efficiency Programme

  • €19.5m in financing for residential sector (GEFF)
  • €2.2m in direct financing for private sector

Latest North Macedonia News

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European Commission President von der Leyen visits the Western Balkans
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04-11-2024

European Commission President von der Leyen visits the Western Balkans

The President took the opportunity to shine the spotlight on significant investments through the WBIF

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Reconstruction begins at the "Steve Naumov" student dormitory
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22-10-2024

Reconstruction begins at the "Steve Naumov" student dormitory

This is part of North Macedonia’s regional energy efficiency programme funded by the EU.

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North Macedonia receives European funds to bolster electrical grid
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17-10-2024

North Macedonia receives European funds to bolster electrical grid

Funds to enable connection of 1.2 GW of new renewable sources in southeast region, advancing the country’s gre...

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Videos

Publications

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WBIF Rail Corridor VIII
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10-10-2024

WBIF Rail Corridor VIII

WBIF Rail Corridor VIII Factsheet (October 2024)

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WBIF Rail Corridor X
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10-10-2024

WBIF Rail Corridor X

WBIF Rail Corridor X Factsheet (October 2024)

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WBIF Albania - North Macedonia Power Interconnection
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09-10-2024

WBIF Albania - North Macedonia Power Interconnection

WBIF Albania - North Macedonia Power Interconnection Factsheet (October 2024)

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Partner Financial Organisations

Western Balkans Partners