Feedback

EU to allocate second loan of macrofinancial aid for Ukraine after completion of IMF conditions

Source : 112 Ukraine

EU Commission's Executive Vice-President for an Economy that works for people Valdis Dombrovskis reported that during his meeting with Ukrainian Prime Minister Oleksiy Honcharuk
18:40, 28 January 2020

Open source

The EU will assign the second tranche of macro-financial aid after the Ukrainian side lives up to the IMF conditions. EU Commission's Executive Vice-President for an Economy Valdis Dombrovskis reported that during his meeting with Ukrainian Prime Minister Oleksiy Honcharuk. The two officials held a joint briefing.

According to Dombrovskis, the new Ukrainian government managed to cope with the effective implementation of all actions necessary to get the second loan of macro-financial assistance, Yevropeiska Pravda reported. He said that the Commission was ready to allocate the loan, but Ukraine needs to complete the conditions with the IMF.

Related: Ukraine’s Finance Ministry admits stops of cooperation with IMF

"We welcome the agreement that Ukraine reached with the IMF in early December under the new three-year-long program within the mechanism of Extended Fund Facility. We expect that Ukraine lives up to the key preliminary actions agreed with the IMF. From our side, we already launched the respective procedures so that the payment takes place as soon as Ukraine lives up to conditions of the IMF program", Dombrovskis reported. 

Related: IMF, World Bank predict global crisis: How to mitigate uncertainty?

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more