European Commission has positively assessed Ukraine's performance of the Ukraine Plan indicators. This paves the way for the disbursement of EUR 4.2 billion under the Ukraine Facility

Today, the European Commission has given a positive assessment of the indicators performed by Ukraine under the Ukraine Plan for the second quarter of 2024. 

The positive assessment of the European Commission paves the way for the disbursement of the first regular payment (which is subject to the performance of the indicators) in the amount of EUR 4.2 billion. The decision must also be adopted by the EU Council. 

Ukraine has performed all nine indicators set out in the Ukraine Plan. Reform measures cover public finance management, state-owned enterprises, business environment, and energy. 

The Ministry of Finance of Ukraine was responsible for three conditions of the Ukraine Plan:

• Approval of the Budget Declaration for 2025-2027; 

• Approval of the action plan for the implementation of the Roadmap for public investment management reform;

• Approval of the long-term National Strategic Plan for Digital Development, Digital Transformation and Digitalization of the State Customs Service.

President of the European Commission Ursula von der Leyen noted the commitment of the Ukrainian authorities to implementing reforms despite the full-scale war and assured of continued support for Ukraine's macro-financial stability. 

"The EU remains a strategically crucial partner for Ukraine, providing support during times of significant challenges. Financial assistance enhances budget liquidity by allocating funds to meet the State Budget's critical needs. The reform measures Ukraine is implementing under the Ukraine Plan bolster our efforts to achieve economic recovery and European integration. Ukraine is committed to sustaining these measures and policies for the country's sustainable development, fulfilling the conditions set in cooperation with its partners," said Minister of Finance of Ukraine Sergii Marchenko.  

In total, the State Budget has already received EUR 7.9 billion under the Ukraine Facility: EUR 6 billion of bridge financing and EUR 1.9 billion of pre-financing. Ukraine is expected to receive the next tranche in the fall of 2024.