European Commission, Brussels, 1 April 2014:
In the context of growing regional pressures on Ukraine, Georgia and Moldova, and delivering on its pledge to coordinate international assistance to Ukraine, the European Commission agreed with International Financial Institutions (IFIs) in the presence of EU Commissioner Štefan Füle on 1 April in Brussels to spearhead enhanced assistance measures to the three countries.
The assistance measures will notably support Ukraine to implement the IMF-backed reform package agreed on 27 March; they will also support the implementation of Association Agreements, including Deep and Comprehensive Free Trade Areas, signed, or shortly to be signed between the EU and Ukraine, Georgia and Moldova.
Priority investment projects for the three countries will be based on a mix of funds, subsidies and loans, from a range of different actors (referred to as 'blending').
This meeting is part of the follow up to the European Commission's support to Ukraine announced on 5 March for an amount of 11 billion euros. "The European Commission is preparing a large programme of 355 million euros (grant) to support Ukraine's transition through a State Building Contract", explained Commissioner Füle, EU Commissioner in charge of Enlargement and European Neighbourhood Policy.
[europa.eu]
1/4/14
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Related:
In the context of growing regional pressures on Ukraine, Georgia and Moldova, and delivering on its pledge to coordinate international assistance to Ukraine, the European Commission agreed with International Financial Institutions (IFIs) in the presence of EU Commissioner Štefan Füle on 1 April in Brussels to spearhead enhanced assistance measures to the three countries.
The assistance measures will notably support Ukraine to implement the IMF-backed reform package agreed on 27 March; they will also support the implementation of Association Agreements, including Deep and Comprehensive Free Trade Areas, signed, or shortly to be signed between the EU and Ukraine, Georgia and Moldova.
Priority investment projects for the three countries will be based on a mix of funds, subsidies and loans, from a range of different actors (referred to as 'blending').
- Through the unprecedented international assistance package being prepared for Ukraine and measures to further assist Georgia and Moldova in near future, the EU and international partners step up their support to these countries' efforts to reform their economies and create the conditions for growth and employment in a competitive international market.
This meeting is part of the follow up to the European Commission's support to Ukraine announced on 5 March for an amount of 11 billion euros. "The European Commission is preparing a large programme of 355 million euros (grant) to support Ukraine's transition through a State Building Contract", explained Commissioner Füle, EU Commissioner in charge of Enlargement and European Neighbourhood Policy.
[europa.eu]
1/4/14
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-
Related:
European Union Says Not Ready to Embrace Ukraine...
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"Annexation" of Crimea and its rich natural resources by the Black Sea could drag Ukraine’s economic development. -Experts
Ukraine to hike gas rates by 50% for IMF loan. -The IMF programme's approval would set in motion the release of further assistance from both Washington and the European Union.
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