The European Commission, on behalf of the EU, today disbursed €600 million in Macro-Financial Assistance (MFA) to Ukraine to address its acute financing gap related to its exceptional humanitarian and defence needs.
The first tranche of €600 million of this emergency macro-financial assistance operation, worth €1.2 billion, was paid in two tranches on 11 and 18 March.
These funds are provided to Ukraine in the form of long-term loans on highly favourable terms. They contribute to financing part of the sizable funding gap of the country, estimated by International Financial Institutions at around $15 billion for the second quarter of 2022.
The disbursement of this macro-financial assistance was to be conditional on the implementation of a series of the structural policy measures by the Ukrainian authorities. However, due to force majeure circumstances, the Commission decided to allocate the second tranche as a matter of urgency.
“Going forward, the EU will continue to provide short-term financial support to Ukraine while accompanying it in its long-term reconstruction, in line with the plans announced on Wednesday. Ukraine will get back on its feet as a democratic and prosperous country,” President Ursula von der Leyen said.
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