The first tranche of EUR1 billion of the new EUR9 billion macro-financial assistance program for Ukraine will be received at the end of July, Executive Vice President of the European Commission Valdis Dombrovskis said.
“In July … by the end of the month,” he told Interfax-Ukraine on the sidelines of the international Ukraine Recovery Conference in Lugano on Monday.
Dombrovskis found it difficult to estimate when and in what volumes the next tranches will be received, noting that work is underway on this issue.
As reported, in June the government managed to significantly increase official external financing, which exceeded $4 billion compared to $1.5 billion in May, with an estimated deficit of $5 billion. According to Finance Minister Serhiy Marchenko, in July the government expects to maintain the same significant volumes of external financing, as in June. In particular, in July, the second tranche for approximately $1.3 billion of a grant from the United States is expected to be received.
