European Commission Offers Financial Aid to Ukraine, Bosnia

The European Commission has

approximately 500 million euros (USD726 million) to Ukraine and up to 100 million euros (USD147.2 million) to Bosnia to assist the countries in implementing their restructuring agreements with the International Monetary Fund, Wall Street Journal reports. The proposals are subject to approval by European Union member states and require the two countries to follow programs under their IMF agreement contracts. They are also subject to approval by EU member states.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.