EU ambassadors approve allocation of €4.2 billion to Ukraine under Ukraine Facility programme

The European Union ambassadors have approved the allocation of macro-financial aid to Ukraine in the amount of about €4.2 billion under the Ukraine Facility programme. The money will support Ukraine's financial stability and the functioning of its public administration.

Source: European Pravda with reference to the official website of the Hungarian Presidency

Details: The next step in approving the decision is the EU Council.

On 17 July, the European Commission gave its positive assessment of the possibility of disbursing this tranche. The EU Council concluded that Kyiv had successfully fulfilled nine reform indicators. 

Background:

• These are funds under the macro-financial aid programme for Ukraine worth up to €50 billion.
• Ukraine received the first tranches without any conditions, and the next tranches are conditional on implementing a specific reform plan in several areas.
• The EU also sets up a body to monitor funding under the Ukraine Facility.

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