Ukraine has received €2.9 billion in economic support from the European Union, according to a statement issued Friday by Ukraine’s Ministry of Finance.
The funds are intended to help maintain the country’s macroeconomic stability and manage priority budget expenditures. They will also support recovery and modernization programs and are expected to accelerate Ukraine’s reform agenda.
How the EU support will be used
Ukraine’s Ministry of Finance said the funding will go toward:
- Maintaining macroeconomic stability
- Managing priority budget expenditures
- Carrying out recovery and modernization programs
- Accelerating the country’s reform agenda
