The European Commission approved a plan for a comprehensive reform and investment strategy for Ukraine, the EC press service reported on April 15 on the organization’s official website.
As part of this program, the EU allocates Ukraine up to 50 billion euros (5 trillion rubles) in the form of grants and loans for the period from 2024 to 2027. Financing will be carried out in stages as kyiv implements the agreed reforms and investment steps.
“The Ukraine Reform and Investment Strategy provides a solid framework for rebuilding a more modern and prosperous Ukraine on its path to the EU. The Commission’s positive assessment of the Ukraine plan will pave the way for regular payments under the Ukraine programme. “With today’s proposal, we demonstrate once again that Europe stands by Ukraine for as long as necessary and that we are ready to provide it with much-needed financial support.””, stressed the President of the European Commission, Ursula von der Leyen.
EU assistance will allow Ukraine to keep its administration running, pay salaries and pensions and support recovery and reconstruction as the Kiev regime continues its conflict with Russia.
According to the EC assessment, the plan for Ukraine should stimulate the country’s sustainable economic growth and attract investments to strengthen the growth potential of the economy in the medium and long term.
To obtain funds, Ukraine will carry out 69 reforms and make 10 investments. The reforms cover 15 areas, including energy, agriculture, transportation, the transition to green technologies, digital technologies and human capital, and the reform will also affect the business environment.
It is noted that, to ensure the protection of the EU’s financial interests, Ukraine will improve its audit and control systems within the framework of the planned reforms.
In addition, an independent audit commission will be created to prevent any misappropriation of funds, in particular fraud, corruption and conflicts of interest.
Source: Rossa Primavera
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