EU-Ukraine: Commission proposes €1 billion in new Macro-Financial Assistance

EU Facility for Refugees in Turkey: Steering Committee reports quick and efficient delivery of the EU's commitment to assist Syrian refugees and their host communities in Turkey


Economy - published on 12 March 2018


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EU-Ukraine: Commission proposes €1 billion in new Macro-Financial Assistance

The European Commission has adopted a proposal for a new Macro-Financial Assistance (MFA) programme for Ukraine worth up to €1 billion to support economic stabilisation and structural reforms.
Today’s proposal follows a request from the Ukrainian authorities and direct discussions between Commission President Jean-Claude Juncker and Ukraine’s President Petro
Poroshenko. Vice-President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union,
said: “Today’s proposal on the fourth Macro-Financial Assistance programme of €1 billion shows the EU’s commitment to stand with the people of Ukraine. This solidarity must go hand-in-hand
with a continued commitment from the Ukrainian authorities to an ambitious reform agenda to ensure a stable and prosperous Ukraine. We are counting on the European Parliament and Member States for
their support for this important programme.” Commissioner Pierre Moscovici, responsible for Economic and Financial Affairs, Taxation and Customs, said: “Ukraine continues
to enjoy the political and financial support of the European Union for its reform efforts. Much has been achieved over the past few years, often in the most trying of circumstances. Now I urge the
authorities to take forward the reform drive with renewed vigour, to build a fairer, more stable and more prosperous country in the interest of all Ukrainians.” The new programme seeks to
build on the progress made in supporting economic stabilisation and structural reforms under the three previous MFA operations. All disbursements under the proposed programme, including the first,
would be conditional on the implementation of reform measures designed to address vulnerabilities identified in the Ukrainian economy. Established in a Memorandum of Understanding, they would take
into account measures that remain outstanding from the previous MFA programme and include steps to intensify the fight against corruption. The EU has so far pledged €12.8 billion to support the
reform process in Ukraine, including €2.8 billion through three previous MFA programmes, since the onset of the crisis in 2014. A press release is available online.

EU Facility for Refugees in Turkey: Steering Committee reports quick and efficient delivery of the EU’s commitment to assist Syrian refugees and their host communities in Turkey

The ninth Steering Committee meeting of the EU Facility for Refugees in Turkey
took place in Brussels today, chaired by the European Commission. The meeting brought together representatives of EU Member States and Turkey. Members of the European Parliament also participated
as observers. The Commission confirmed the quick and efficient delivery of the EU’s commitment to assist Syrian refugees and their host communities in Turkey. The operational funds of the EU
Facility for Refugees in Turkey have been fully committed and contracted, with 72 projects rolled out. More than EUR 1.85 billion was already disbursed at the end of 2017 with the remainder to be
disbursed in the course of implementation of projects until mid-2021. Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations, said: “We have
recently reached a great milestone with the contracting of the full Facility envelope, which confirms the EU’s continued effort in delivering on its commitment in supporting the refugees and host
communities in Turkey. With projects in full implementation mode, we look forward to reporting on our achievements in the areas of education, health and socio-economic support.” Christos
Stylianides, Commissioner for Humanitarian Aid and Crisis Management, said: “The EU managed to increase its humanitarian assistance in Turkey, which changed the lives of over
1.1 million refugees. EU-funded humanitarian projects are helping refugees meet their basic daily needs, get lifesaving medical attention, and carry on going to school, so that we don’t see a
lost generation of refugee children.” The Steering Committee discussed progress in implementation in advance of the publication of the Second Annual Report on the Facility for Refugees in
Turkey that is scheduled for next week. More information on the instrument is available in the factsheets: The EU Facility for Refugees in Turkey and Turkey: Refugee crisis.

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