The Government of Ukraine has submitted a preliminary draft reform plan for the Ukraine Facility program to the European Commission, which includes the allocation of EUR 50 bln to Ukraine

The draft consists of 4 main blocks: 
– macroeconomic scenarios;
– basic reforms;
– economic reforms;
– key sectors of the economy that will help Ukraine grow now and in the future.

“This is a preliminary plan to start consultations with our European colleagues. Work on the plan will continue with international partners, civil society and Ukrainian business,” said Prime Minister of Ukraine Denys Shmyhal.

The Ukraine Facility, or “Ukraine Plan”, is a EUR 50 bln assistance program for Ukraine over the next 4 years with a focus on budget support. Most of the funds under the Ukraine Facility program – 39 out of 50 bln euros – will be allocated to the state budget to support macro-financial stability in Ukraine. 

At the same time, a special investment instrument will allow investors to obtain financing through the EBRD, EIB, and other international financial institutions. To this end, the Ukraine Facility provides EUR 8 bln to cover risks in priority sectors. The instrument should stimulate the attraction of more than EUR 30 bln to the Ukrainian economy.

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