PM: Ukraine fulfills all conditions for receiving second tranche of EU’s macro-financial aid in spring

PM: Ukraine fulfills all conditions for receiving second tranche of EU’s macro-financial aid in spring

Ukraine fulfills all the conditions for receiving the second tranche of macro-financial assistance from the European Commission this spring.

Prime Minister Denys Shmyhal said this at a meeting with Executive Vice President of the European Commission Valdis Dombrovskis in Brussels on February 10, Ukrinform reports with reference to the Government portal.

The prime minister assured that the government will abide by its obligations to fulfill all the conditions set out in the annex to the memorandum of understanding between Ukraine and the EU.

"We expect to successfully complete the program in the first quarter of 2021 to obtain the second tranche of macro-financial assistance in the spring of this year," Shmyhal emphasized.

He thanked the European Commission for the decision to provide Ukraine with the first tranche of macro-financial assistance worth EUR 600 million at the end of last year. "Timely receipt of funding by Ukraine has become extremely important to maintain macroeconomic and financial stability in Ukraine," Shmyhal noted.

Denys Shmyhal thanked Valdis Dombrovskis for his personal support in resolving urgent issues for Ukraine and invited him to attend the celebrations marking the 30th anniversary of Ukraine’s independence.

As reported, a Ukrainian government delegation headed by Prime Minister Denys Shmyhal began a working visit to Brussels on February 9. Shmyhal met with European Council President Charles Michel and NATO Secretary General Jens Stoltenberg.

The program of the visit includes a series of working meetings with representatives of the European Commission and the European Parliament.

On February 11, Shmyhal will take part in the seventh meeting of the EU-Ukraine Association Council in Brussels.


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