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Produced by Xinhua Global Service
On 14 December, the European Commission disbursed the third and final tranche of €500 million under the exceptional €5 billion macro-financial assistance (MFA) operation for Ukraine. The payment is part of a package of MFA measures announced by the Commission on 18 May and endorsed by the European Council on 23-24 June 2022.
With this payment, the total amount of macro-financial assistance to Ukraine since the start of the war in Russia has reached €7.2 billion. The funds have been made available to Ukraine in the form of highly concessional loans with longer maturities than in a regular MFA.
This disbursement follows a positive assessment by the Commission of Ukraine’s implementation of seven structural policy measures agreed in a Memorandum of Understanding (MoU) signed on 3 October. The measures aim to strengthen the country’s economic resilience and stability, improve the business climate, strengthen the rule of law and governance and ensure Ukraine’s energy security. Ukraine has also successfully complied with the enhanced reporting requirements of this exceptional MFA.
The Commission has already disbursed to Ukraine €600 million in March and a further €600 million in May this year, followed by €1 billion in August, €2 billion in October, and €2.5 billion in November.
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