Brussels, April 29 (IANS) The European Commission agreed Monday to supply a new tranch of 1-billion-euro (about $1.38 billion) loan to Ukraine, to help the country reduce short-term balance of payments and fiscal vulnerabilities.
The new Macro-Financial Assistance (MFA) is part of the package to support Ukraine and was approved by the EU Council of Ministers April 14, Xinhua reported.
The disbursement of the assistance will be conditional on specific economic policy conditions which focus on public finance management and anti-corruption.
"This assistance, combined with the previously decided 610 million euros MFA program, will provide much-needed help to the Ukrainian government for its financing needs," said European Commission Vice-President Siim Kallas.
"It is a concrete sign of the EU's support to the Ukrainian people in a difficult situation, along with the other long-term financial assistance," Kallas added.
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