the-eu-has-decided-to-establish-an-audit-council-to-monitor-ukraines-use-of-eur-50-billion-under-the-ukraine-facility

The EU has decided to establish an Audit Council to monitor Ukraine's use of EUR 50 billion under the Ukraine Facility

 • 100426 переглядiв

The European Commission has published a decision to establish an Audit Council that will assess the effectiveness and monitor the use of financial assistance provided to Ukraine under the EUR 50 billion Ukraine Facility program, UNN reports.

"The Audit Council should be established within the framework of the Ukrainian Mechanism to improve the effectiveness of Ukrainian management and control systems for the Union's financing and, in particular, to prevent fraud, corruption, conflicts of interest and irregularities," the decision states.

ЄС запустив інвестиційний інструмент програми Ukraine Facility: що передбачається11.06.24, 15:05

In addition, the Audit Council should be established as a matter of urgency so that Ukraine can submit its first payment request.

The Audit Council of the Ukrainian Foundation is established for the period from the date of adoption of this decision until June 30, 2028.

What else is known?

The decision states that the Audit Council will consist of three members and will be based in Brussels.

Recall

The Ukraine Facility mechanism envisages attracting 50 billion euros from 2024 to 2027, subject to the successful implementation of the Ukraine Plan. Most of these funds are loans.

Under the Framework Agreement, Ukraine is committed to ensuring a high level of transparency in the use of funds.

Popular

Jennifer Lopez reveals unexpected truth about her divorce from Ben Affleck

 • 31228 переглядiв

At least 67 people killed in Nigeria's charity rally stampede

 • 100358 переглядiв

Severe storm paralyzes transportation in Madeira

 • 78200 переглядiв

AUJU named Harlan the most outstanding athlete of Ukraine

 • 55864 переглядiв

News by theme

Poaching in the Tuzly Estuaries: the leadership versus the military

 • 20813 переглядiв

Ukrainians win medals in diving competitions

 • 19298 переглядiв

Russia's strike on Kherson: a dead man was found in one of the city's parks

 • 33407 переглядiв