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Ukraine could get 600 mln euros of macrofinancial aid from EU, - official

Source : 112 Ukraine

There are certain conditions for that: improvement of judiciary system efficiency, transparency of gas market and medical procurements
11:43, 30 April 2021

Open source

The European Commission claims that Ukraine could get 600 million euros of macrofinancial aid from the EU, as long as it lives up to certain conditions by the established deadline. Katarina Maternova, the leader of Ukraine's support team in the European Commission and Deputy Director-General for Neighbourhood Policy and Enlargement Negotiations wrote that in her column for Yevropeiska Pravda outlet.

"The EU provided Ukraine with the access to a loan in the amount of 1.2 billion Euros, half of which you received in the end of the previous year. In order to get the second half, by the middle of September you should live up to a number of conditions. In order to do so in time, you need to boost your efforts", Maternova wrote. 

Related: EU sets conditions for providing Ukraine with second tranche of financial assistance
 

According to her, first of all, Ukraine needs to improve the efficiency of the judiciary system. It provides for creation of the new Supreme Qualification Commission of Judges and maintaining the honesty of members of the High Council of Justice. Secondly, Ukrainian Parliament must reconsider the legal basis of corporative management of state enterprises according to OECP standards, and these standards should be observed.

Besides, Maternova mentioned transparency of gas market and medical procurements.

She also reiterated that the macrofinancial assistance can only be provided if there's an active IMF program.

Related: Ukraine receives largest financial aid from EU than other countries-partners, - Michel

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