Poroshenko: Ukraine expects first tranche of EU's MFA IV in autumn
Ukrainian President Petro Poroshenko has announced that Ukraine expects to receive a first tranche of European Union's Macro-Financial Assistance (MFA) IV worth EUR 1 billion in autumn.
"We are committed to speed up the process of concluding a relevant Memorandum of Understanding in September with a view to receiving a first tranche already this autumn," he said at a press conference after the Ukraine-EU Summit in Brussels on July 9.
"In combination with the IMF assistance as well as the new opportunities of the EU External Investment Plan and the potential European Plan for Ukraine we will create a solid basis for speedy economic growth of Ukraine," he said.
As UNIAN reported earlier, following the Ukrainian authorities' request for additional MFA to help the country cover its external financing needs, the Commission adopted a proposal for a fourth consecutive MFA programme for Ukraine of up to EUR 1 billion on March 9, 2018. This new programme aims at supporting economic stabilisation and accelerated reform implementation in the country.