The European Commission has approved the allocation of the second tranche to Ukraine under the "exclusive" macro-financial assistance program in the amount of 600 million euros. One of the main conditions for the allocation of such a tranche was the continuation of cooperation with the IMF under the Reform Support Program.
According to the Ministry of Finance, the funds will be used to maintain economic stabilization in Ukraine by meeting the needs of external financing.
The funds will be provided to Ukraine for 15 years until 2035, at a low rate (last year it was 0.125% per annum).
To receive the tranche, Ukraine had to meet a number of requirements. One of the key issues was the reform of the High Qualifications Commission of Judges and the High Council of Justice. They also discussed tax and customs reform, medical procurement and corporate reform.
On July 23, 2020, Ukraine and the European Union officially approved an agreement on macro-financial assistance - a loan of 1.2 billion euros. Ukraine received half of the funds without additional conditions in December of the same year.