The proposal will now be forwarded to the Presidency of Bosnia and Herzegovina for final approval.
The financing agreement for the Interreg VI-B Program EURO MEDITERRANEAN (EURO MED) encompasses the 2021 – 2027 period and involves a consortium that includes the European Union, represented by the European Commission; Bosnia and Herzegovina, through its Directorate for European Integration; and the French region of Provence-Alpes-Côte d’Azur.
With a total budget of €293,624,033, the program seeks to promote sustainable development in the Mediterranean area through innovative and resource-efficient practices. The European Union is set to contribute €234,899,226, with the remaining €58,724,807 to be co-financed by the participant countries.
The EURO MED program, which aims to implement its strategies over a 15-year execution period, involves multiple European nations including France, Bulgaria, Greece, Spain, Croatia, Italy, Cyprus, Malta, Portugal, Slovenia, Montenegro, Albania, and North Macedonia. This initiative highlights a collaborative effort to leverage regional cooperation for enhanced environmental and economic stability in the Mediterranean basin.
