The EU is set to disburse 3.2 billion euros ($3.7 billion) in budgetary aid to Ukraine next month, the first such payment under a giant loan approved in April, Brussels said Wednesday. The bloc’s economy chief, Valdis Dombrovskis, said the move came as Brussels and Kyiv agreed on the underlying conditions for the macro-financial assistance (MFA) component of the broader 90-billion-euro loan.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. “We will proceed with a first MFA instalment around mid-June: 3.2 billion euros,” Dombrovskis told reporters, adding that it was conditional on Ukraine swiftly ratifying the related deal. The European Union signed off in April on the massive loan needed to plug a budget shortfall in Ukraine, after months of wrangling with Hungary, which had vetoed it. The scheme allows Ukraine to spend about 60 billion euros on weapons to fight Russia’s invasion. The remainder is to support Ukraine’s reconstruction and help the government operate as it faces a balance of payments crisis caused by the war -- the MFA part. Dombrovskis told a small group of journalists, including from AFP, that the latter money was tied to Ukraine carrying out reforms aimed at improving public spending efficiency, and aligning tax avoidance rules with EU standards, among others. Brussels and Kyiv were still discussing some of the conditions and technicalities related to the rest of the loan, Dombrovskis said, adding that the first military spending disbursement should nevertheless “be imminent”.