Ukrainian Parliament ratified the agreements with the EU for receiving EUR 1.2 billion macro-financial assistance to support efforts in overcoming the COVID-19 inflicted crisis.
According to the Ministry of Finance, the implementation of these agreements will allow Ukraine to attract additional external financial credit resources on favorable terms to ensure proper stability of the financial and economic system of the state.
The program envisages 12 months duration and two tranches of EUR 600 million, where the first one is unconditional.
The allocation of the second tranche will be available after the assessment of Ukraine’s reform implementation in public finance management, good governance and rule of law, business climate improvement, sectoral reforms and state-owned enterprises.
