This year, Ukraine is capable of implementing 95% of the planned reforms necessary to receive macro-financial assistance from the European Union. Even if some of the commitments have to be carried over to next year, the country will not lose European funding.
This was stated by Katarina Maternová, the European Union’s ambassador to Ukraine, as reported by Dengi.ua.
Aid Volumes and Allocation of Responsibilities
The recent EU Enlargement Report does not include an assessment of progress against the criteria for the Ukraine Facility (€50 billion) and the Ukraine Support Loan (€90 billion) programs, as these disbursements are strictly tied to specific, pre-agreed reform plans.
Structure of the tranches and areas of responsibility for the Ukrainian government:
- fall tranches: During the fall of 2026, Ukraine is set to receive €20 billion from the EU in exchange for implementing the agreed-upon reforms;
- government component: According to European partners’ estimates, €12 billion of this financial package depends directly on the effective work of the Cabinet of Ministers;
- legislative track: The allocation of an additional 8 billion euros is contingent upon the Verkhovna Rada’s adoption of the relevant legislation.
Prospects for the Plan and Fiscal Discipline
The EU Ambassador is convinced that the Ukrainian side will be able to successfully implement the vast majority of legislative measures by the end of this year.
Key expectations and financial implications:
- level of implementation: It is expected that approximately 95% of the planned targets will be met, and the remaining unresolved tasks will simply be carried over to the next year;
- no financial losses: Postponing deadlines will not result in financial losses, as Ukraine has previously managed to successfully make up for delays in reforms;
- partner confidence: Under existing loan programs, the government has not yet lost a single kopeck, and European diplomats are confident that this positive trend will continue.
