In view of the principle of sound financial management, and to facilitate the Ukrainian authorities’ liquidity management and ensure predictability, the Commission should ensure that tranches of the MFA Loan are disbursed throughout the course of 2024 and 2025, avoiding to the extent possible significant deviations of disbursed amounts from quarter-to-quarter. The disbursement of those tranches should, where appropriate, be aligned with the timing of disbursements of loan or non-repayable financial support under Pillar I of the Ukraine Facility. Furthermore, it is appropriate to provide for the possibility to reassess the funding needs of Ukraine and to reduce or cancel the support under the MFA Loan if those needs decrease fundamentally during the period of the availability of the support under the MFA Loan as compared to the initial projections.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
