European Parliament's committee approves new macro-financial assistance for Ukraine
The Foreign Affairs Committee of the European Parliament Wednesday voted for a new Macro-Financial Assistance (MFA) for Ukraine.
Brussels reporter for Radio Free Europe/Radio Liberty Rikard Jozwiak tweeted on May 16, Censor.NET reports citing UNIAN.
the EP's foreign affairs committee voted in favour of a new MFA for #Ukraine but added the amendment that "the composition of the Central Election Commission of Ukraine reflects a political balance representing all relevant political forces, notably those represented in the Rada"
— Rikard Jozwiak (@RikardJozwiak) 16 травня 2018 р.
As reported, the European Commission actively supports Ukraine in the challenging times and has disbursed a total of 2.8 billion euros in macro-financial assistance (MFA) through three consecutive programs of low-interest loans since the outbreak of the crisis in early 2014. This represents the highest amount ever made available by the EU to a third partner, the EC said.
1.6 billion out of these 2.8 billion euros was disbursed in 2014-2015 under the first two MFA operations (MFA I and II), while 1.2 billion euros was released in 2015-2017 under the third MFA program (MFA III). In March 2018, the European Commission adopted a proposal to provide an additional 1 billion euros in MFA to Ukraine to cover the country's external financing needs and support accelerated reform implementation. This proposal is now pending approval of the European Parliament and the Council.
