Menu

EU Ambassadors Approve €4.2 Billion Macro-Financial Assistance to Ukraine under Ukraine Facility

By
Photo: EU Ambassadors Approve €4.2 Billion Macro-Financial Assistance to Ukraine under Ukraine Facility. Source: EU Council on X
Photo: EU Ambassadors Approve €4.2 Billion Macro-Financial Assistance to Ukraine under Ukraine Facility. Source: EU Council on X

EU ambassadors have approved a tranche of macro-financial assistance for Ukraine in the amount of about €4.2 billion under the Ukraine Facility programme.

This is reported on the account of the Hungarian Presidency of the Council of Europe in the X network.

The tranche will be used to support Ukraine's macro-financial stability and the functioning of its public administration.

The EU ambassadors approved the disbursement of the first instalment of 4.2 billion under the Ukraine Plan reform plan under the Ukraine Facility. The next step is for the EU Council to approve the decision.

On 17 July, the European Commission gave its positive assessment of the possibility of disbursing this tranche. The EC concluded that Kyiv had satisfactorily fulfilled nine reform indicators. 

The funds are part of a macro-financial assistance programme for Ukraine worth up to €50 billion.

Ukraine received the first tranches without conditions, and the basis for receiving the next tranches is the implementation of a specific reform plan in a number of areas.

The EU is also setting up a body to monitor funding under the Ukraine Facility.

As The Gaze previously reported, in April, the European Union allocated the second tranche of funding to Ukraine under the Ukraine Facility programme in the amount of €1.5 billion to support the functioning of the Ukrainian state.

Similar articles

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them. Cookie Policy

Outdated Browser
Для комфортної роботи в Мережі потрібен сучасний браузер. Тут можна знайти останні версії.
Outdated Browser
Цей сайт призначений для комп'ютерів, але
ви можете вільно користуватися ним.
67.15%
людей використовує
цей браузер
Google Chrome
Доступно для
  • Windows
  • Mac OS
  • Linux
9.6%
людей використовує
цей браузер
Mozilla Firefox
Доступно для
  • Windows
  • Mac OS
  • Linux
4.5%
людей використовує
цей браузер
Microsoft Edge
Доступно для
  • Windows
  • Mac OS
3.15%
людей використовує
цей браузер
Доступно для
  • Windows
  • Mac OS
  • Linux