June 13 2014, 14:00 Source: APK-Inform Views: 1307

EU releases 250 mln EUR of gratuitous financial assistance to support Ukraine

On June 13 the European Commission has made the first tranche of gratuitous financial assistance of 250 mln EUR to Ukraine to support institutions and reforms in the country. The payment is part of the "State Building Contract" programme signed on May 13 after the joint meeting between the European Commission and the Government of Ukraine in Brussels.

“Today's tranche is one of many steps we are currently making to help the government of Ukraine in addressing the short-term needs as well as preparing for the implementation of the Association Agreement. We stand by Ukraine and we are proving it with concrete actions. There is still more to come in terms of financial and other assistance," said Štefan Füle, Commissioner for Enlargement and European Neighbourhood Policy.

The State Building Contract is designed to help Ukraine in the process of transformation and with related reforms. It includes concrete steps to promote more transparency, better governance, support the fight against corruption and help the government to respond to citizens’ needs.

The second tranche of 105 mln EUR will follow in the next months and will be linked to progress in reforms in the areas of anti-corruption, public finance management, civil service, constitutional reform, electoral legislation and justice.


You should be authorized to post comment