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European Commission to issue up to €80B in bonds to finance support for Ukraine

Anadolu Agency WORLD
Published December 19,2022
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The European Commission will issue up to €80 billion ($84.9 billion) bonds to finance economic recovery and support for Ukraine in the first half of 2023.

The commission "intends to issue up to €80 billion of long-term EU-Bonds in the first half of 2023 under its unified funding approach," it said in a statement.

"Under this approach, the Commission-on behalf of the EU-will henceforth issue only 'EU-Bonds' rather than separately denominated bonds for individual programmes such as SURE (temporary Support to mitigate Unemployment Risks in an Emergency) and Macro-Financial Assistance (MFA)," it added.

The programs to be financed include the €70 billion NextGenerationEU recovery program and the new MFA+ program for Ukraine, which will account for some €10 billion, the statement said.

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