Ukraine Received CAD 450 million From Canada

The state budget of Ukraine received CAD 450 million (equivalent – USD 350 million) concessional loan from Canada.

The funds were provided through the mechanism of the Administrated Account of the IMF.

"I am grateful to the Government of Canada and personally to the Deputy Prime Minister, Minister of Finance of Canada Chrystia Freeland for the uncompromising support of Ukraine during this extremely difficult historical period. The received funds will allow us to support Ukrainians and accelerate victory over the aggressor", commented the Minister of Finance of Ukraine Sergii Marchenko.

The total amount of the loan from Canada is CAD 1.45 billion (equivalent – USD 1.2 billion). The repayment period is 10 years, the interest rate is 1.69% per annum.

On June 17, Ukraine received a CAD 1 billion loan on concessional terms. These are the first funds received through the mechanism of the Administrated Account of the IMF.