Ukraine Receives EUR 12B For Fulfilling Ukraine Facility Indicators In H1 2024
Date
11/9/2024 12:19:30 AM
(MENAFN- UkrinForm) Ukraine received EUR 12 billion from the European Union under the Ukraine Facility for progress in implementing the Ukraine Plan in January-June 2024.
The Ukrainian Ministry of Economy announced this on its website , Ukrinform reports.
“In 2024, the government met 25 indicators of the Plan, enabling Ukraine to secure EUR 12 billion through the Ukraine Facility... By year-end, we anticipate an additional EUR 4 billion based on third-quarter results, which is essential for maintaining macroeconomic stability.,” said Oleksii Sobolev, First Deputy Minister of Economy.
The Ministry of Economy has already submitted a report to the European Union on the successful implementation of the indicators for the third quarter of 2024. By mid-December, the tranche for the successful implementation of the indicators in July-September is expected, bringing the annual amount of financial assistance from the EU to EUR 16 billion.
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As reported, in June 2024, Ukraine and the European Union signed an Agreement totaling EUR 5.27 billion for 2024-2027 under the Ukraine Facility. Ukraine will receive the next tranches on a quarterly basis, subject to the fulfillment of certain indicators.
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