Dombrovskis: Ukraine should carry out number of reforms to get 2nd tranche of EU’s assistance

Dombrovskis: Ukraine should carry out number of reforms to get 2nd tranche of EU’s assistance

Ukraine needs to carry out a number of reforms, in particular in the energy sector, to get the second tranche of the EU’s fourth macro-financial assistance program.

"We discussed the requirements that Ukraine should meet to receive the second tranche [of the macro-financial assistance from the EU], which concern the sectoral reforms, particularly in the energy sector... Ukraine is able to meet the requirements for the second tranche, and they serve the interests of the Ukrainian economy and the acceleration of its growth," Vice-President of the European Commission Valdis Dombrovskis said at a joint press conference with President of Ukraine Petro Poroshenko in Brussels, an Ukrinform correspondent reports.

He added that the number of reforms carried out in Ukraine in recent years "really impresses."

On December 11, the Finance Ministry of Ukraine confirmed the receipt of the first tranche of the fourth macro-financial assistance program to the tune of EUR 500 million in the form of a loan at a rate of 1.25% with maturity in April 2033.

The Ministry noted that the list of requirements Ukraine should meet to receive the macro-financial assistance from the European Union includes the commitments in the area of ​​combating corruption, the quality of public administration and the tax system, the reform of energy sector, social policy and corporate governance in state-owned enterprises and also the reform of the public finance management system.


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