03 april

European commission, International Organizations to strengthen support for reforms in Moldova, Ukraine and Georgia

The European Commission and international financial organizations have agreed to build up measures to render special assistance to Moldova, Ukraine and Georgia. The reason for this decision was the growing external pressure on these countries, explained the European Commission.

Measures of enlarged support for Moldova, Ukraine and Georgia were agreed upon in Brussels on Tuesday in the presence of EU Commissioner for Enlargement and Neighborhood Policy Stefan Fule. They are called to promote the implementation of the reforms agreed on with the International Monetary Fund and the realization of the countries’ Association Agreements with the European Union, including the documents’ essential-most components – Deep and Comprehensive Free Trade Agreements (DCFTA).

The three countries’ priority investment projects will be based on the funds, subsidies and loans to be provided by various international partners.

The European Commission press release said that by means of an unprecedented package of international assistance, being prepared for Ukraine, and by means of measures for further assistance to Georgia and Moldova in the nearest future, the economic and international partners will consolidate support of the countries’ efforts to reform their economies and create conditions for economic growth and for employment at a competitive international market.

The meeting was held within the framework of the 11-billion-euro support for Ukraine promised by the European Commission last March 5.