The basic conditions for the first part of the tranche of macro-financial assistance of the European Union will be the ones that Ukraine has not fulfilled on the previous programme.
To obtain macro-financial assistance of the European Union, Ukraine will have to fulfill the conditions of the previous third program. This was announced by Vice Prime Minister for European and Euro-Atlantic integration Ivanna klympush-Tsintsadze on the sidelines of the Yalta European strategy (YES) in Kiev, reports on Friday, September 14, Today.
“The basic conditions for the first tranche will be those that we performed on the last program. Our homework,” said klympush-Tsintsadze.
In particular, among the EU’s requirements for Ukraine to receive the next tranche of macro-financial assistance mentioned pension reform, the reform in the health sector, and the reform in the sphere of privatization.
As told klympush-Tsintsadze, the new conditions will also conduct small-scale privatization, which has already started in Ukraine.
The Vice Prime Minister added that the sum of a billion Euro will be divided into two tranches, the first of which Kyiv expects to receive before the end of 2018.
In turn, President Petro Poroshenko said that the new program of macro-financial assistance of the European Union to Ukraine in the amount of one billion euros includes 18 conditions, six of which must be performed for the first tranche and 12 for the second.
“Indeed, (the ed) is associated with 18 reforms, with 18 terms, of which six are necessary for the fulfillment of the first tranche and most of them have been fulfilled. I hope that in the near future the first tranche will be received. The second tranche is linked with 12 conditions,” he said after the ceremony of signing of the Loan agreement and Memorandum of understanding.
Vice-President of the European Commission Valdis Dombrovskis noted that macrofinancial assistance of the EU aimed at solution of the vulnerable economic issues, as well as the support of economic stabilization and growth in Ukraine.
According to him, this program will strengthen the confidence of foreign investors. At the same time, Dombrovskis noted that the allocation of EU funds also depends on the proper parallel implementation of the IMF program.
Poroshenko also said that he expects that the Verkhovna Rada will soon ratify the Loan agreement and the Memorandum of understanding on the allocation of Ukraine of macro-financial assistance of the European Union in the amount of 1 billion euros.
We will remind, on March 9 the European Union has offered Ukraine a new, fourth programme of macro-financial assistance. Under the program, Ukraine will receive financial assistance in the amount of 1 billion euros in two tranches of 500 million euros over two years. The purpose of the allocation of funds is “the economic stabilization program and structural reforms”.
The EU Council on June 26 approved the granting Ukraine one billion euros macro-financial assistance. July 6 this decision was published in the official journal of the European Union.
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