The Ministry of Finance: Ukraine Received EUR 600 Million in EU Macro-Financial Assistance
-
About Ministry
- Recruitment
-
Accountable agencies
- State Enterprises and Institutions Belonging to the Sphere of Management of the Ministry
- State Service for Financial Monitoring
- State Treasury
- The State Audit Service of Ukraine
- State Fiscal Service
- State Tax Service
- State Customs Service
- Personnel Audit Procedures of State Customs Service
- University of the State Fiscal Service of Ukraine
- Minfin Panel
-
Policy Issues
-
Accounting and Auditing
-
Accounting
- Introduction of International Financial Reporting Standards
- Accounting in Private Sector
- Accounting in the Public Sector
- Methodological Accounting Council under the Ministry of Finance of Ukraine (download a short description)
- IFRS Council under the Ministry of Finance of Ukraine (download a short description)
- Auditing
-
Accounting
- Debt policy
- Financial Policy
-
Financial Monitoring
- Statements and reports of international organizations
- Legislation
- International standards
- Methodological assistance (recommendations and explanations)
- Samples of drawing up a schematic representation of the ownership structure
- List of states (jurisdictions) that do not comply or improperly implement the recommendations of international and intergovernmental organizations involved in the field prevention and counteraction
- List of persons to whom sanctions have been applied
- List of terrorists
- Send a report on violation of the legislation in the field of prevention and counteraction to legalization (laundering) of proceeds from crime, terrorist financing and financing of proliferation of weapons of mass destruction
-
International Cooperation
- Partners
-
Cooperation in Attracting Financing from the International Financial Institutions
- Procedure for attracting funds of International Financial Institutions
- World Bank
- EBRD
- EIB
- Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
- KFW
- Register of Joint IFIs Projects at the Stage of Preparation and Implementation (information)
- International Technical Assistance (within the competence of the Ministry of Finance)
- Monitoring of international technical assistance projects
- Cooperation with the Development Partners
- International Tax Relations
- Development of Public Internal Financial Control (PIFC)
- Other Areas of Public Policy
- Public Finance Management Strategy 2017-2020 (PFMS)
-
Accounting and Auditing
-
Legislation
-
Regulatory Activity
- Reports on the effectiveness of regulatory acts 2022
- The activity plan for the preparation of the regulatory acts draft 2022
- Schedule of measures to monitor the effectiveness of regulatory acts 2022
- Reports on the effectiveness of regulatory acts 2020
- The activity plan for the preparation of the regulatory acts draft 2021
- Schedule of measures to monitor the effectiveness of regulatory acts 2021
- Reports on the effectiveness of regulatory acts 2020
- The activity plan for the preparation of the regulatory acts draft 2020
- Schedule of measures to monitor the effectiveness of regulatory acts 2020
- Reports on the effectiveness of regulatory acts 2019
- The activity plan for the preparation of the regulatory acts draft 2019
- Schedule of measures to monitor the effectiveness of regulatory acts 2019
- Reports on the effectiveness of regulatory acts 2018
- The activity plan for the preparation of the regulatory acts draft 2018
- Schedule of measures to monitor the effectiveness of regulatory acts 2018
- Reports on the effectiveness of regulatory acts 2017
- The activity plan for the preparation of the regulatory acts draft 2017
- Schedule of measures to monitor the effectiveness of regulatory acts 2017
- Reports on the effectiveness of regulatory acts 2016
- The activity plan for the preparation of the regulatory acts draft 2016
- Schedule of measures to monitor the effectiveness of regulatory acts 2016
- Reports on the effectiveness of regulatory acts 2015
- The activity plan for the preparation of the regulatory acts draft 2015
-
Draft Regulatory Acts Discussion
- Regulatory acts draft for discussion 2022
- Regulatory acts draft for discussion 2021
- Regulatory acts draft for discussion 2020
- Regulatory acts draft for discussion 2019
- Regulatory acts draft for discussion 2018
- Regulatory acts draft for discussion 2017
- Regulatory acts draft for discussion 2016
- Regulatory acts draft for discussion 2015
- Draft Legislation
-
Regulatory Activity
-
Data
- Cooperation with Civil Society
- Press Center
Ukraine received the first tranche under a new EU macro-financial assistance program from the European Commission with a nominal amount of EUR 600 million in the form of a long-term loan with a repayment period in June 2035 and at a yield rate of 0.125% per annum. To provide the tranche, the European Commission issued bonds with a negative yield of -0.152%, due to which, after deducting the issuance commissions, Ukraine received EUR 623.5 million.
"We are grateful to the European Commission for its support, which is certainly another reflection of the friendly and strategic partnership between Ukraine and the European Union. The funds received will be used to finance state budget expenditures, which will help to maintain financial stability in Ukraine"- said Sergii Marchenko.
These funds have been received by Ukraine in the framework of the Fifth Program, implemented under the Memorandum of Understanding and the Loan Agreement with the EU (for receiving EU Macro-Financial Assistance to Ukraine of up to EUR 1.2 billion ), concluded by the parties on July 23, 2020 in Brussels.
At present, the total amount of EU concessional loan assistance received by Ukraine under the implementation of five macro-financial assistance programs during 2014 - 2020 has reached EUR 4.41 billion.
All of these funds, in accordance with the terms of the relevant memorandums with the European Union, were used to reduce external financial pressure on Ukraine, improve its balance of payments and meet budgetary requirements.
Ukraine is currently in the process of fulfilling the implementation of the relevant obligations defined in the Memorandum in order to receive the 2nd tranche (EUR 600 million) (which can be provided in 3 months after receiving the 1st tranche) due to the need for Ukraine to fulfill eight special conditions (on the implementation of structural reforms) in the following spheres:
- public finance management;
- good governance and the rule of law:
- improving the business climate;
- sectoral reforms and state-owned enterprises.