Vice PM: Ukraine has several weeks to fulfill conditions for receiving last tranche from EU

Vice Prime Minister of Ukraine for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze claims that Kyiv still has a few weeks to fulfill the conditions in order to receive the latest tranche of macroeconomic assistance from the European Union, an UNIAN correspondent in Brussels reports.

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"We are talking with the European Commission, which will decide in the future whether Ukraine will be able to get the third tranche of macroeconomic assistance from the EU. There are a few more points that we must fulfill to meet our obligations," she told an UNIAN correspondent.

According to the vice prime minister, some of these points were considered at a government meeting today, and they saw support.

"I hope that over the next days or weeks we will be able to complete the work and fulfill our obligations. There is still a couple of weeks left," Klympush-Tsintsadze said.

Read alsoHungary blocking effective development of further Ukraine-NATO meetings – Ukraine Vice PMEarlier, on September 20, Vice-President of the European Commission Valdis Dombrovskis said that Ukraine pledged to fulfill all the conditions necessary for the European Commission to allocate the third tranche of macro-financial assistance in the amount of EUR 600 million until the end of October.

"There is not much time left, but there is still some time to complete the action [procedural action on the part of the European Commission to allocate the tranche] before the end of this year. But it is clear that by the end of next month [October] we need to understand where we are on the issues of what remains to be done and what progress should be expected in the next couple of months," he stated.

In particular, it is about pension reform, health care reform, and privatization.

As UNIAN reported earlier, in April 2014, the European Union, which is one of Ukraine’s largest creditors and donors, announced its readiness to provide financial assistance to Ukraine totaling EUR 11 billion: EUR 1.6 billion in loans, EUR 1.4 billion in grants, EUR 5 billion from the European Bank for Reconstruction and Development, and another EUR 3 billion from the European Investment Bank.

Read alsoIMF names four conditions for new disbursement to UkraineAs part of the loan program, Ukraine received a total of EUR 600 million. In 2015, the EU proposed a new package of loan assistance amounting to EUR 1.8 billion. Ukraine received the second tranche of macro-financial assistance from the EU in the amount of EUR 600 million in early April 2017. Thus, within the framework of the program, Ukraine has already received EUR 1.2 billion.

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