EU disburses around €300 million in emergency Macro-Financial Assistance and adopts €120 million in grant support

Published in Economics
Monday, 21 March 2022 11:09

On 18 March, the European Commission disbursed a further €289 million in emergency Macro-Financial Assistance (MFA) to Ukraine and adopted a €120 million grant for Ukraine. This disbursement will support the Ukrainian government in strengthening civilian crisis preparedness and management at both central and local levels.

This follows last week’s disbursement of €300 million – the initial part of the first €600 million installment under Ukraine’s new €1.2 billion emergency MFA programme, announced by the European Commission on 24 January 2022.

The emergency MFA programme will enhance Ukraine’s macroeconomic stability in the context of Russia’s invasion. It represents a concrete demonstration of the EU’s unwavering support for Ukraine. 

The remaining funds (€600 million) will be disbursed later in the year, in line with the Memorandum of Understanding signed by the EU and Ukraine. 

In parallel, the Commission is preparing an additional MFA programme to further support Ukraine in the longer term, also announced by President von der Leyen at the end of January. 

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