EU/Ukraine: Commission proposes a further €1 billion in macro-financial assistance

EU News 123/2014

IP/14/281
Brussels, 19 March 2014

The European Commission has proposed new macro-financial assistance (MFA) to Ukraine of up to €1 billion in medium-term loans. The new MFA programme, expected to be approved by the EU's Council of Ministers in the coming weeks, is part of the package of support to Ukraine announced by the European Commission on 5 March and endorsed by the European Council on 6 March. It is intended to assist Ukraine economically and financially in view of the critical challenges it is facing, notably a very weak and rapidly worsening balance-of-payments and fiscal situation, which is being worsened by the current crisis.

Source and additional information:
http://europa.eu/rapid/press-release_IP-14-281_en.htm?locale=en

Olli Rehn Date: 19/03/2014 Reference: P-025286/00-06 Location: Brussels - EC/Berlaymont (C)EU, 2014 URL

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