Poroshenko, European Commission Vice-President discuss macro-financial assistance programme

Poroshenko, European Commission Vice-President discuss macro-financial assistance programme

President Petro Poroshenko and Vice-President of the European Commission for Euro and Social Dialogue, Financial Stability, Financial Services and Capital Markets Union Valdis Dombrovskis have discussed the implantation of the memorandum for macro-financial assistance for Ukraine.

The meeting was held in Helsinki as part of the official visit of the Ukrainian president to the Republic of Finland, the president’s press service reports.

“The Head of State and the Vice-President of the European Commission discussed the implementation of the Memorandum of Understanding and the Loan Agreement between Ukraine and the European Union on the Fourth Macro-Financial Assistance Programme for Ukraine in the amount of EUR 1 billion,” reads the report.

According to the Presidential Administration, during the meeting, it was noted that Ukraine is implementing its commitments under the above mentioned agreements as fast as possible. To date, all six conditions for the first tranche of assistance (EUR 500 million) are being completed and a positive assessment by the European Commission is expected.

Also, Valdis Dombrovskis assured that the European Union will continue to comprehensively support Ukraine on the track of successful reforms and implementation of the Association Agreement.

As reported, President Petro Poroshenko in on an official visit to the Republic of Finland on November 7-8.


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