The events, which took place during the Kosovo crisis, have dramatically drawn the attention of the International Community towards the region. In cooperation with the UNECE, SECI organized on October 4, 1999 a high level conference on the Priorities of the SECI Participating States for Implementing the EU Stability Pact. The logistic-administrative support of the OSCE was crucial for making the conference a success. It lead to a set of priority projects in the fields of trade and transport facilitation, energy and environment, already jointly developed and presented by the SECI States within the framework of SECI. In this context, as always, SECI cultivated a close cooperation with the International Financial Institutions (IFIs) and other potential financial partners. Considering that the goals and objectives of the Stability Pact for SEE are already encompassed in its Statement of Purpose, SECI was willing and prepared to make a contribution commensurate with the Initiative's practical experience on the ground, as well as with the core competencies and the valuable network of activities and connections throughout the region.

The valuable cooperation and coordination between SECI and especially the WT II structures started at the first meeting of the Stability Pact for SEE, Working Table II in Bari, Italy where SECI submitted a total of 150 priority projects involving the transport energy and environmental issues. Those projects represented the basis for infrastructure projects within the SEE region, which are now monitored by the Infrastructure Steering Group (ISG), as well as of other activities in the filed of regional energy and transport matters. This cooperative relation between the two institutions continues as the Stability Pact for SEE acted as a standing partner in the ongoing SECI projects and vice-versa.

In 2006, the Stability Pact participating and supporting states have jointly decided that it is time that activities undertaken and developed under the umbrella of the Stability Pact for SEE are handed over to the main beneficiaries of those activities, i.e. the countries from the South East European region. This decision initiated a process of transformation which represented a step forward towards regional ownership of the development and integration processed within South Eastern Europe. This Stability Pact for SEE phasing-out process resulted in the establishment of a new regional development mechanism owned by the countries from the South East European region called Regional Cooperation Council (RCC). More information on the history and outcome of this process you can find at the SP for SEE Phasing out Process link.