EU Disburses EUR 600 M Loan to Ukraine

The European Commission has approved the disbursement of EUR 600 million as the second tranche of “exclusive” macro-financial assistance to Ukraine.

In particular, EU funds will be used to maintain economic stabilisation in Ukraine (by meeting Ukraine’s external financing needs through long-term loans).

To receive the tranche, the Ukrainian side implemented structural reforms agreed with the EU, in particular, in the following areas:

• public finance management;
• good governance and the rule of law;
• improving the business climate;
• sectoral reforms and state-owned enterprises.

As a reminder, one of the main conditions for the disbursement of such a tranche was the continuation of cooperation with the IMF within the framework of the Reform Support Programme.

Natalia Tolub