Page content
2016 Economic Reform Programmes of Albania, the Former Yugoslav Republic of Macedonia, Montenegro, Serbia, Turkey, Bosnia and Herzegovina and Kosovo.
Economic governance has become one of the three fundamental pillars in the enlargement process over the past years, mirroring moves in the EU to strengthen economic policy monitoring and multilateral surveillance under the European Semester. In its 2013 and 2014 enlargement strategies, the Commission outlined a new approach to economic governance. This new approach implies an important change in the economic policy dialogue with enlargement partners with a view to giving clearer guidance on the reforms needed to foster macroeconomic stability, ensure fiscal sustainability, and support long-term growth and competitiveness. In this spirit, the 2015 Economic and Financial Dialogue between the EU and the Western Balkans and Turkey included, for the first time, all enlargement countries, and provided targeted policy guidance for each of them. The dialogue was based on a revamped set of medium-term Economic Reform Programmes (ERP) submitted by enlargement countries, containing their macroeconomic and fiscal policy framework as well as structural reform plans to boost competitiveness and long-term growth.