Stability Pact for South Eastern Europe

The Stability Pact for South Eastern Europe was an institution aimed at strengthening peace, democracy, human rights and economy in the countries of South Eastern Europe from 1999 to 2008. It was replaced by the Regional Cooperation Council (RCC) in February 2008. The RCC replaced it because it is more "regionally owned" than the Stability Pact, which was driven more by outside partners such as the EU.

The pact was created at the initiative of the European Union on June 10, 1999 in Cologne. All of the countries of the region, except for Serbia and Montenegro (then FR Yugoslavia) and Moldova, were present at the founding conference. Representatives of Hungary, Bulgaria, Romania, Russia, Turkey, United States, all members of the EU at the time, OSCE, Council of Europe and European Commission were also considered active participants.

Representatives of Canada, Japan, United Nations, UNHCR, NATO, OECD, Western European Union, International Monetary Fund, World Bank, European Investment Bank and European Bank for Reconstruction and Development were present as facilitators.

The pact was created following the escalation of Kosovo War; stability of Kosovo was among the primary objectives.

...
Wikipedia