EU Council approves allocation of EUR 1 billion in macro-financial aid to Ukraine

EU Council approves allocation of EUR 1 billion in macro-financial aid to Ukraine

578
Ukrinform
The EU Council has agreed with the European Parliament upon conditions for allocation of EUR 1 billion in macro-financial assistance to Ukraine.

"A loan worth EUR 1 billion should meet the financial needs of Ukraine for a period of 2.5 years. The loans will contribute to the economic stabilization and the implementation of the structural reform program in addition to the resources allocated by the IMF and other donors," the EU Council said, an Ukrinform correspondent reported.

According to the procedure, the European Parliament will approve a final decision on granting macro-financial assistance to Ukraine at its plenary session.

The vote is expected to take place in June.

ish


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to ukrinform.ua not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "ukrinform.ua". Materials marked Advertising are published based on the advertising rights.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period:
-