Macro-Financial Assistance to non-EU Countries

As a rule, MFA funds are paid to beneficiary countries' central banks and in general can be used however the government sees fit, be it for reserves, foreign exchange market intervention or as direct budget support. Unlike other forms of financial aid with macroeconomic objectives from the European Commission, such as the Instrument for Pre-accession, the European Neighbourhood and Partnership Instrument, or the European Development Fund, MFA is an emergency assistance measure that is not meant to provide  regular financial support for economic and social development

Target Group
Demonstration and investment activities
Development, External Relations and Foreign Affairs
Source Regions
European Union
Source Countries
Eligible Regions
World wide
Eligible Countries
Grant Types
Cooperation, collaboration
Funding Bodies
Bulgarian, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hungarian, Irish Gaelic, Latvian, Lithuanian, Maltese, Polish, Portuguese, Romanian, Slovak, Slovene, Spanish, Swedish
Support Types
Deadline Date
Programme Owner
Managing Authority
Supporting Programme
Refering Grants


MFA is exceptional in nature and is mobilised on a case-by-case basis to help countries dealing with serious balance-of-payments difficulties. Its objective is to restore a sustainable external financial situation, while encouraging economic adjustments and structural reforms. MFA is intended strictly as a complement to International Monetary Fund (IMF) financing.  



Proposal Submission

Unlike other forms of financial aid to non-EU members, MFA programmes are decided upon under the EU's Ordinary Legislative Procedure, which means they must be proposed by the European Commission and then approved by both the European Parliament and the Council.  

Terms And Conditions

Legal basis: MFF


€ 564, 56 million  in current prices

The amount of MFA is determined on a case-by-case basis by the EU in consultation with international financial institutions, particularly the IMF. It is based on the residual external financing needs of the country seeking MFA funds and takes into account financial assistance provided by other sources to ensure that the burden is shared fairly between the EU and other donors.

Available Calls

Please refer to the program website for details.

Total Funding Amount

564,56 million (current prices)

Selection Criteria

Please refer to the program website for details.

Open To

non-EU countries.