With this disbursement, the EU has now provided Ukraine with €3.8 billion in MFA loans since 2014. This is the largest amount of MFA the EU has disbursed to any single partner country. The disbursement of the second and last tranche of the MFA operation became possible after Ukraine implemented twelve policy actions agreed with the EU. They included important measures in the areas of fighting against corruption and money laundering, the management of public finances, the banking sector, energy, healthcare and social policies. Ukraine is also finalising a new Stand-by Agreement with the International Monetary Fund and has implemented the associated prior actions. The EU is also making further MFA loans of €1.2 billion available to Ukraine, as part of the Decision to provide MFA to ten partner countries to help them limit the economic fallout from the coronavirus pandemic. This Decision – proposed by the Commission on 22 April – was adopted by the co-legislators on 20 May 2020. The Commission stands ready to disburse the first instalment of this new MFA as swiftly as possible after concluding a Memorandum of Understanding with Ukraine.