The EU Will Allocate €1 Billion to Ukraine Only If There Is Progress in the “Fight Against Corruption”
The European Parliament today granted macro-financial aid to Ukraine for the sum of €1 billion, calculated in two payments over 2.5 years on the condition of progress in combatting corruption. This is said in the statement on the website of the European Parliament.
“A €1 billion macro-financial loan to help Ukraine cover part of its external financing needs in 2018-2019 was approved by Parliament on Wednesday…. It is to be disbursed in two instalments over 2.5 years, provided Ukraine takes certain policy measures,” it is said.
In particular, the European Parliament insists that Ukraine must take drastic anti-corruption measures, including the creation of the Supreme anti-corruption court before any payments are made.
In the message it is noted that during the vote deputies supported the acceptance by the European Parliament, European Commission, and EU Council of a joint statement on the necessary political conditions for payments in connection with fears concerning the pace of the reforms and the fight against corruption in Ukraine.
“This statement, annexed to the decision, stresses that as a precondition for granting the loan, Ukraine must respect effective democratic mechanisms – including a multi-party parliamentary system – the rule of law, and human rights. It also underlines that the use of the EU aid must help reduce poverty and create jobs in Ukraine.
MEPs also insist that the loan is conditional upon progress in fighting corruption, and in particular, the setting up of a specialised anti-corruption court in line with the Council of Europe’s Venice Commission recommendations. (Ukraine’s parliament voted on 7 June to set up this court).
The Commission and the European External Action Service are to check that these preconditions are met throughout the process, and make their findings public. If they are not met, then the Commission should temporarily suspend or cancel disbursement, say MEPs,” it is told in the message.
This decision has yet to be finally approved by the EU Council.
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