EU ready to provide second tranche worth EUR 500 mln to Ukraine

"[Yesterday] in the morning, the meeting of the Cabinet of Ministers and the meeting on macro-financial assistance from the EU with the Prime Minister were held, and in the evening the mini-summit in Brussels with the delegation led by President of Ukraine Petro Poroshenko with the presidents of the European Council, the European Commission and the European Parliament, the representatives of the European Commission took place. The European colleagues highly appreciated the progress in implementing the program required for the second tranche of the macro-financial assistance and also confirmed their readiness to provide investment and loan support for the Sea of Azov area projects," Ukrainian Finance Minister Oksana Markarova posted on Facebook.

As reported, the Ministry of Finance of Ukraine assumes it may fail to get EUR 500 million in macro-financial assistance from the European Union by the end of March 2019. Earlier, the Ministry expected that Ukraine would be able to receive EUR 500 million in macro-financial assistance from the European Union at the end of March if it fulfilled the necessary conditions. On December 11, the European Union disbursed the first tranche of EUR 500 million within the framework of the fourth EU’s macro-financial assistance program to Ukraine.

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