The Council of the European Union has approved the fourth tranche of the Ukraine Facility program in the amount of more than EUR3.2bn, while its size was previously determined at around EUR3.05bn.
“The objective is to support Ukraine’s macro-financial stability as well as its recovery, reconstruction and modernization,” the EU Council said in a statement.
As reported, the size of the tranche was reduced from the planned EUR4.5bn due to delays in the implementation of 3 out of 16 indicators that Kiev had to fulfill according to the Ukraine Facility’s Ukraine Plan: the laws on the territorial organization of executive power (the so-called “decentralization reform”) and on the ARMA reform, as well as the selection of 25 judges for the Supreme Anti-Corruption Court in a competition in which only 2 candidates reached the finish line.
At the same time, the head of the Economy Ministry, Oleksiy Sobolev, noted that Ukraine will fulfill two of the three indicators (laws) before September, which will make it possible to receive EUR1.1bn tentatively in early November
As the Ministry of Finance of Ukraine reminded, in general, the state budget has already received EUR19.6bn within the framework of the Ukraine Facility program, the total amount of which is EUR50bn. In 2025 alone, about EUR12.5bn of financial support for Ukraine is envisaged, of which EUR3.5bn has already been attracted.
The European Union remains the largest donor of budget support for Ukraine – EUR53.5bn over more than three years, the Finance Ministry also noted.
