Home EU Agencies European Union provides additional €1.9 billion in macro-financial assistance to Ukraine
EU Agencies

European Union provides additional €1.9 billion in macro-financial assistance to Ukraine

Today, the European Commission has disbursed the final tranche of €1.9 billion of macro-financial assistance to Ukraine (MFA+).
According to the Ukrainian Ministry of Finance, this tranche brings the total EU assistance to €35 billion. The EU is helping Ukraine cover its immediate financing needs in 2024 by providing the country with significant, stable and predictable financial support.

This support will help the Ukrainian government continue to pay civil servants’ salaries and pensions and maintain essential public services, such as hospitals, schools and housing for displaced people. It will also help Ukraine ensure macroeconomic stability and restore critical infrastructure destroyed by Russia, such as energy infrastructure, water supply systems, transport networks, roads and bridges.

“Since the start of the full-scale war, the EU has provided Ukraine with almost €35 billion in direct budget support. These funds have contributed to maintaining macroeconomic stability, and also allow financing priority budgetary needs. The EU is a key partner of Ukraine, which continues to play a decisive role in accelerating our victory and strengthening the country’s economic stability,” said Ukrainian Finance Minister Serhiy Marchenko.

Today’s disbursement comes after the Commission found that Ukraine continued to respect the agreed conditions and complied with the accountability requirements, aimed at ensuring transparent and efficient use of the funds.

This article is originally published on ukrinform.fr

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