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Europe ready to allocate 500 million euros to Ukraine, - journalist

Source : 112 Ukraine

This will be EU’s second and last tranche
13:06, 22 January 2020

Open source

The EU can provide a tranche of 500 million euros to Ukraine as early as February 2020. Ricard Yozvyak, Radio Svoboda's journalist, wrote about in on his Twitter page.

"It is possible that the second and final tranche of the European Commission’s macro-financial assistance for Ukraine, worth 500 million euro, can be released in February. First tranche was released in November 2018," the statement said.

It should be noted that assistance is provided in the form of credit. In November 2018, Ukraine received 500 million euros from the EU at 1.25% per annum, which used in order to carry out reform in the tax and energy sectors, as well as social policy and corporate governance at state enterprises. Ukraine has to pay back a credit by April 2033.

Related: U.S. Congress increases tranche of military aid to Ukraine up to $300 million

As we reported earlier, by 2023, Ukraine should close books on cooperation with the IMF. These are the expectations of Oksana Markarova, the Finance Minister of Ukraine. She said so in an interview with Hromadske.

"My ambitious plan is to manage to complete it (the program with the IMF, - 112 International), so that in 2023 we would not be disturbed by the question when would we get the new loan, being able to provide ourselves instead", Markarova said.

The official hopes that the program of cooperation with the IMF that is now subject to negotiations would be the last one.

Related: How to implement state budget 2020 without IMF tranches and money for gas transit?

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