EU provides Ukraine with second tranche of €600 million in macro-financial assistance

Source : 112 Ukraine

The money has been allocated to address the economic consequences of the coronavirus pandemic
14:38, 25 October 2021

Open source

The European Commission has paid Ukraine a €600 million tranche of macro-financial assistance, the press service of the European Commission reports.

“We are supporting Ukraine with an EU Macro-Financial Assistance (MFA) program of € 1.2 billion. Its second tranche of €600 million disbursed today is a clear sign of EU support for Ukraine's reform agenda,” the European Commission said.

"Today's disbursement of €600 million brings to € 4.4 billion the total amount that the EU has loaned to Ukraine in macro financial assistance," Commissioner for the Economy Paolo Gentiloni stated.

The money has been allocated to address the economic consequences of the coronavirus pandemic.

As it was reported earlier, Ukraine received the first tranche of the European Commission in the amount of 600 million euros in December of 2020 under the macro-financial assistance program in connection with the coronavirus pandemic.

The issuance of the second tranche depended on the implementation of eight specific measures set out in the memorandum. These include measures to manage public finances, fight corruption, improve the business environment and manage state-owned enterprises. In mid-September, it became known that the European Commission had approved the second tranche of macro-financial assistance for Ukraine.

Related: WHO head names way to overcome coronavirus pandemic

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