European Union ministers of economy and finance exchanged views on financial support to Ukraine during their formal meeting in Brussels on Friday.
They discussed the European Commission’s proposal to set up the Ukraine Facility of 50 billion euro (USD 56 million) in grants and loans, said the Commission’s Executive Vice-President Valdis Dombrovskis at a news conference after the meeting.
“It aims to provide stable, predictable support up to 2027 for Ukraine’s macro-financial stability, its long-term reconstruction and the reforms needed on its path towards the EU,” he said. “Ministers expressed strong unanimous support to Ukraine and the Council will proceed with the files as a matter of priority,” he added.
On her part, Nadia Calvino, Spanish minister for economic affairs told the same press conference that the current Spanish EU presidency presented its priorities in economic and financial affairs for the second half of 2023.
“We approach this presidency with stamina and determination, with a very pro-European approach that we have shown since we joined the Union in 1986, and with the goal of closing as many files as possible and contributing to a stronger, more prosperous, and also fairer Europe going forward,” she said.
Further, today’s meeting discussed the preparation of the G20 finance ministers and central bank governors meeting that will take place in Marrakesh on 11-12 October during the International Monetary Fund annual meetings, said an EU statement.
The meeting provided guidance for further work on G20 EU terms of reference and the statement to the International Monetary and Financial Committee.
Source: Kuwait News Agency
