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Albania receives $302 million loan from the US, to be used for military purposes

2026-06-19 19:26:47Aktualitet SHKRUAR NGA REDAKSIA VOX
Albania receives $302 million loan from the US, to be used for military purposes
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The Albanian government has given preliminary approval this Friday for a loan agreement with the government of the United States of America, worth 302 million dollars, within the framework of the American Foreign Military Financing (FMF) program.

The agreement will be concluded between the Albanian Ministry of Finance and the US Defense Security Cooperation Agency (DSCA).

The funds will be used for defense and military modernization purposes, according to programs financed through the FMF.

The decision states that the Council of Ministers decided to " approve, in principle, the direct loan agreement between the Republic of Albania, represented by the Ministry of Finance, and the United States of America, represented by the Defense Security Cooperation Agency (DSCA), within the framework of Foreign Military Financing (FMF)."

The amount granted through this military financing instrument is specified in full currency value “with a loan in the total amount of 302,000,000 (three hundred and two million) US dollars, according to the text attached to this decision.”


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