The European Commission will not allocate the third tranche of the macro-financial support in the sum of 600 million euros to Ukraine as the press service of the European Commission reported.
It is noted that Ukraine got two tranches in the total sum of 1.2 billion euros from the provide 1.8 billions of the macro-financial support. The term of the current program will end in the beginning of January 2018.
The European Commission noted that Ukraine fulfilled the major part of the commitments agreed with the EU. The measures on the increase of the transparency of the state finances governance, launch of the court and administrative reforms, promotion of the current reforms in the energy sector, improve of the business climate and strengthening of the social security system are among them.
'Against this background, the Commission is not in a position to disburse the last tranche of the current MFA program. We encourage Ukraine to maintain the reform momentum in the many areas that have progressed well, and complete the measures outstanding under the current programme, with the support of all stakeholders', the statement said.
As we reported President Petro Poroshenko met the Jean-Claude Juncker, the President of the European Commission at the 'East Partnership' summit when he expressed the interest in the further program of the macro-financial support from the EU.