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IMF decision not to affect EU plans to give $600 mn to Ukraine

The money is planned to be transferred in late March - early April.

IMF decision not to affect EU plans to give $600 mn to Ukraine
Photo: Photo: Depositphotos\julia_berezovska

The decision of the European Union to allocate to Ukraine the second tranche of macro-financial assistance of 600 million euros remains unchanged, despite the decision of the International Monetary Fund to postpone giving the next tranche to Ukraine.

"We are closely monitoring the situation around the IMF decision but our announcement made last Thursday, March 16, remains in force, ie Ukraine will be able to receive the second tranche at the end of March / early April 2017," the press service of the EU representation in Kyiv told Interfax-Ukraine on Monday.

Earlier, the IMF board of directors, due to the blockade of the transport connection with the uncontrolled territories of Donbas, postponed indefinitely the consideration of the completion of the third revision of the EFF program and the allocation of the fourth tranche worth one billion dollars.

On March 16, the European Commission approved the allocation of a second tranche of macro-financial assistance for Ukraine in the amount of 600 million euros. After the transfer, the macro-financial assistance to Ukraine from Brussels since 2014 will total 2.81 billion euros. This is the largest amount the European Union allocated to a non-member country.