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Economic Reform Programmes

Economic governance has become one of the pillars of the EU's enlargement policy, mirroring developments within the EU to strengthen economic policy under the European Semester. A new approach has been developed to help the enlargement partners strengthen macroeconomic stability, boost growth, and meet the economic criteria for accession.

As a result, as of 2015, all candidate countries and potential candidates submit annual Economic Reform Programmes (ERPs). These programmes contain medium-term macroeconomic projections (including for GDP growth, inflation, trade balance, and capital flows), budgetary plans for the next three years, and a structural reform agenda. The structural reform agenda includes reforms to boost competitiveness and improve conditions for growth and job creation.

In 2018, all enlargement countries submitted their fourth annual Economic Reform Programmes covering the 2018-2020 period. These were assessed by the European Commission and the European Central Bank. Based on these assessments, Joint Conclusions with country-specific policy guidance were agreed on and adopted by all seven enlargement partners and the EU in the annual Economic and Financial Dialogue held on 25 May 2018.

To access to the latest Joint Conclusions on the Economic Reform Programmes:

http://www.consilium.europa.eu/en/press/press-releases/2018/05/25/western-balkans-and-turkey-joint-conclusions-of-the-economic-and-financial-dialogue/