Today, July 8, in the framework of the XXI Ukraine-EU Summit in Kyiv, First Deputy Prime Minister of Ukraine, Minister of Economic Development and Trade of Ukraine Stepan Kubiv signed four agreements with the EU to attract funding for a total of EUR 86.9 million.
Thus, according to the Financing Agreement 2019 Technical Cooperation Program, Ukraine will receive financial assistance in the amount of EUR 44 million to prolong key reforms in Ukraine, in particular, facilitating trade, promoting economic development, improving the investment climate, as well as improvement of legislation in public procurement sector.
According to another agreement within the framework of the program EU Support to the East of Ukraine, the EU will provide additional assistance in the amount of EUR 10 million aimed to restore the economy of Luhansk and Donetsk regions, as well as support the development of the Zaporizhia region. The total cost of the project makes up EUR 60 million.
Moreover, Ukraine will be granted EUR 10 million in line with the Agreement On Support for Civil Society and Culture. Funding will be directed on the development of Ukrainian cultural institutions, involvement of the public in the overall process of reforming the country and so on.
Under the Financing Agreement The Anti-Corruption Initiative - Phase II, Ukraine will receive EUR 22.9 million for measures to strengthen the independence and effectiveness of anti-corruption institutions, improve governance and transparency at the local level and, as a consequence, reduce corruption in Ukraine both on the national and local levels.