• Українською
  • Ukraine receives EUR 4.5 billion from the EU under the Ukraine Facility
    Ministry of Finance of Ukraine, posted 20 March 2024 13:25

    The State Budget of Ukraine received the first tranche of EUR 4.5 billion in bridge financing under the European Union’s Ukraine Facility.

    “For two years in a row, the active work of the Government of Ukraine and European partners has been contributing to the financial stability of the state in the face of a full-scale war. I am grateful to the EU partners for their leadership in supporting Ukraine and for the crucial decision to allocate the first tranche under the Instrument. The funds raised will help to finance the priority social and humanitarian expenditures of the State Budget in a timely manner and in full,” said Minister of Finance of Ukraine Sergii Marchenko.

    As part of the bridge financing, Ukraine has five reforms on its agenda in the following areas: public finance management, anti-corruption, and business development, etc.

    Ukraine may receive the next tranche of EUR 1.5 billion under the bridge financing in April, based on the successful implementation of these reforms and a positive assessment by the European Commission.

    The financial support of international partners plays an extremely important role in ensuring macroeconomic stability and serves as a foundation for further economic growth, including through the implementation of structural reforms under such development programmes.

    The Ukraine Facility is an instrument that provides for the possibility of Ukraine receiving financial and technical assistance from the EU totalling EUR 50 billion in 2024-2027. Of this amount, EUR 38.27 billion will be allocated for budget support, EUR 6.97 billion for the investment fund, and EUR 4.76 billion for technical and administrative support.