EU Funds Boost Employment and Living Standards in Western Balkan Countries.
The EU regional policy aims to reduce development gaps between European regions by providing funds to those in need. Candidate countries struggle to efficiently use these resources due to issues with public administration. New member countries focus on using funds from the ESF, ERDF, and Cohesion Fund to promote growth, employment, and European cooperation. The EU budget allocates around 32% for regional policy during the financial perspective of 2014-2020.