Ukraine on Tuesday received another EUR2.5 billion tranche under the current EU macro-financial assistance (MFF) program, the Finance Ministry said on its website.
“We are sincerely grateful to the EU for the financial support provided to Ukraine. The funds received will significantly help to ensure urgent state budget expenditures and maintain economic stability in the state,” the ministry quoted Minister Serhiy Marchenko as saying.
The total amount of the EU macrofinancial assistance to Ukraine has reached EUR6.7 billion since February 24, the Ministry of Finance said.
It is assumed that Ukraine will receive the last tranche within the framework of the eighth program of macrofinancial assistance by the end of this year, the ministry noted.
As earlier reported, in late May-early June this year, the EU pre-approved a new emergency macrofinancial assistance to Ukraine for EUR 9 billion, of which EUR 1 billion was allocated in early August. The rest EUR 8 billion was expected to come in one tranche, but the final decision was delayed. One of the reasons for that was a discussion of whether to provide the money in the form of loans or grants.
As a result, only EUR2 billion arrived in the middle of October, and the vice-president of the European Commission Valdis Dombrovskis said that the third tranche of EUR3 billion was expected in early December. Later he specified that EUR2,5 billion will arrive in the end of November and EUR0,5 billion – in the beginning of December, while the remaining EUR3 billion of the initial EUR9 billion is included in the new program of financial aid to Ukraine in 2023 for the total amount of EUR18 billion.
In all cases, we are talking about credit funds, but allocated on concessional terms.
