Commission proposes €500 million macro-financial assistance to Ukraine
The assistance would support implementation of the adjustment programme agreed by the Ukrainian government with the International Monetary Fund to help the country through the global crisis.
The Commission adopted on 29 October a draft decision recommending to the Council to provide macro-financial assistance (MFA) to Ukraine in the form of a loan of €500 million.
The assistance is planned to be provided in two instalments, after policy conditions are respected. The assistance supports, and is conditional on the respect of the adjustment programme agreed between Ukraine and the IMF. It complements the latter's financial assistance to the country.