The EU-Ukraine MFA agreement makes the disbursement by EU of EUR 1.2 billion conditional inter alia on further steps in the enforcement reform

The EU-Ukraine Micro-Financial Assistance (MFA) agreement makes the disbursement by EU of EUR 1.2 billion to the Ukrainian budget conditional inter alia on further steps in the enforcement reform.

MFA requires the Ukrainian authorities to equalise the level playing field between State and private enforcement officers (PEOs), notably by opening the market for PEOs to collect court ordered amounts by structural debtors, such public bodies and State-owned companies.

At the same time, PEOs would also be empowered to collect administrative fines, thereby helping the State in its chronic inability to raise budget in-flows and ensure compliance with the law by minor offenders.

“The Joint Enforcement Bill, developed by a variety of domestic and international partners, most notably Pravo-Justice, would allow to fully implement MFA conditions and help Ukraine towards a truly responsible society where the State, and not only private business, pays its debts”, - says MP Taras Tarasenko.