Luxembourg, 23 June 2015
European Investment Bank signed the contract on loan of 400 mil. EUR in the framework of Macro-Financial Assistance programme. The loan is intended to public infrastructure projects in Ukraine’s medium and large municipalities. The projects will foster substantial improvements in energy efficiency and safety, waste management, and quality of municipal services. The final beneficiaries will be central, regional or local government agencies, public utilities and municipalities providing public services in Ukraine and loan will cover up to 50 % of total costs of investment programme.
Background
The EU is the largest donor to Ukraine. Since 1991, assistance provided by the European Community alone has amounted more than € 3.5 billion.
Beside the standard European programmes of cooperation in which Ukraine can participate, there are other direct means of EU financial assistance to Ukraine. EU technical and financial cooperation works in the framework of The European Neighbourhood Instrument, which is the EU financial instrument dedicated to the Neighbourhood for the period 2014-2020. The support works on many levels and in many fields: Humanitarian Assistance, Financial Cooperation, Grants and State Building, Energy Security and Reforms, Fight against Corruption, Mobility and Macro-Financial Assistance.
