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.