"This assistance, combined with the previously decided 610 million euros MFA program, will provide much-needed help to the Ukrainian government for its financing needs, said European Commission Vice-President Siim Kallas."
Brussels, April 29 - The European Commission agreed Monday to supply a new tranch of 1-billion-euro - loan to Ukraine, to help the country reduce short-term balance of payments and fiscal vulnerabilities.

The new Macro-Financial Assistance - is part of the package to support Ukraine and was approved by the EU Council of Ministers April 14, Xinhua reported.

The disbursement of the assistance will be conditional on specific economic policy conditions which focus on public finance management and anti-corruption.

This assistance, combined with the previously decided 610 million euros MFA program, will provide much-needed help to the Ukrainian government for its financing needs, said European Commission Vice-President Siim Kallas.

It is a concrete sign of the EU's support to the Ukrainian people in a difficult situation, along with the other long-term financial assistance, Kallas added.


comments powered by Disqus
Read more on:
 APRIL (14601 views)
 BRUSSELS (11244 views)
 XINHUA (6721 views)
 MIC (6001 views)
 NIST (5711 views)
 EUROPEAN COMMISSION (4671 views)
 COMMISSION (4701 views)
 SIO (4615 views)
 SEMEN (2631 views)
 APRIL 2 (2291 views)
 2 (1241 views)
 

PERMALINK

http://www.nerve.in/news:2535002370433
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for Europe


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.