The European Parliament Committee on Foreign Affairs has approved a draft resolution granting Ukraine a new programme of macro-financial assistance up to 1 billion euros. The European Commission has been an active supporter of Ukraine for some time, disbursing a total of 2.8 billion euros in macro-financial assistance (MFA), the highest amount ever made available by the EU to a third partner.
The objective of the proposed MFA is to help Ukraine cover part of its additional external financing needs in 2018-2019, reducing the economy’s short-term balance-of-payment and fiscal vulnerabilities. In addition, the EU assistance would provide incentives to step …read more
Source: Emerging Europe