This is the second and final tranche under Ukraine's current MFA programme following the first €600 million disbursement in December 2020. With this disbursement, the outstanding amount of loans to Ukraine under its multiple MFA programmes reaches €4.4 billion. This disbursement is part of the €3 billion emergency MFA package for ten enlargement and neighbourhood partners, which aims to help them limit the economic fallout of the COVID-19 pandemic. The programme is a concrete demonstration of the EU's solidarity with its partners in helping them to respond to the economic impact of the COVID-19 pandemic. The disbursement is based on the Commission's positive assessment of the Ukrainian authorities' progress in implementing all eight policy commitments relating to public finance management, governance and rule of law, improving the business climate, and sectoral reforms and state-owned enterprises. With this disbursement, the EU has completed seven out of the 10 MFA programmes in the €3 billion COVID-19 MFA package and disbursed the first tranches to all partners.