The EU has announced Ukraine would receive the second and last tranche of its macro-financial assistance to help limit the economic fallout of the COVID-19. The amount of loans to Ukraine under its multiple MFA programmes now reaches €4.4 billion.
This disbursement is part of the €3 billion emergency MFA package for ten enlargement and neighbourhood partners and is a concrete demonstration of the EU’s solidarity with its partners to help respond to the economic impact of the COVID-19 pandemic.
It is based on the Commission’s positive assessment of the Ukrainian authorities’ progress with implementing agreed policy measures under the COVID-19 MFA programme. Ukraine has implemented all eight policy commitments relating to public finance management, governance and rule of law, improving the business climate, and sectoral reforms and state-owned enterprises. Ukraine has also made progress implementing agreed policies under its associated programme with the International Monetary Fund.
With today’s disbursement, the EU has completed seven out of the 10 MFA programmes in the €3 billion COVID-19 MFA package, and disbursed the first tranches to all partners.