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EU finance ministers to examine Ukraine reform plans

World News

10-04-2024 | 05:46

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EU finance ministers to examine Ukraine reform plans

European Union finance ministers will discuss in Luxemburg this week reform plans and an investment agenda submitted by Ukraine in a bid by Kyiv to secure funding, sources in the German finance ministry said on Wednesday.

The ministry sources said they welcomed that Ukraine was "so ambitious" in its approach.

Ukraine has identified 15 key areas and 69 reform plans, according to the sources, who did not go into further detail.

The European Union's Ukraine Facility has a total budget of 50 billion euros ($54.29 billion) from 2024 to 2027.

Financial support in the form of grants, which make up one-third of the facility, and loans, the remaining two-thirds, are to be provided based on the implementation of reforms in Ukraine.

Reuters

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Ukraine

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