European Commission Explains Ukraine’s Amendments to Reform Plan Under Ukraine Facility Program
The European Commission has provided detailed explanations regarding the reasons why Ukraine’s Ministry of Finance and government authorities are making adjustments to the previously approved reform plan, which is essential for securing funding under the Ukraine Facility program.
According to EU spokesperson Guillaume Merle, these modifications are driven by 'objective circumstances' and are fully supported by the existing regulations governing Ukraine’s financial mechanisms.
The explanation stems from the fact that in November 2023, during the initial review of Ukraine’s Plan, it was anticipated that the conflict would end by the end of 2024.
However, given the ongoing war and evolving situational realities, it has become necessary to amend the plan to reflect current conditions.
The European official noted that Ukraine has the right to request these changes as the regulations permit such actions.
The EU is prepared to thoroughly evaluate Ukraine’s proposal and provide its assessment once an official request is received.
Meanwhile, Kyiv is eagerly awaiting the visit of the IMF mission scheduled for late August, which is expected to be a crucial step toward financial stabilization and economic reforms.
Previously, the Ukrainian government approved amendments to the Ukraine Facility plan developed in collaboration with the Ministry of Economy and the EU’s Directorate-General for Neighborhood and Enlargement, indicating active Ukrainian engagement in adjusting its strategy in response to war developments and international assistance.