The funds will be used to finance priority state budget expenditures and support Ukrainians, the Ministry of Finance said.
The state budget of Ukraine received a concessional loan from Canada in the amount of 2.4 billion Canadian dollars ($1.8 billion). This was announced by the Ministry of Finance on Friday, March 31.
It is indicated that these funds were provided through the IMF’s administrative account mechanism.
“Canada has once again shown that it is a reliable partner of Ukraine – today we received 2.4 billion Canadian dollars, which will be used mainly to finance priority expenditures in the state budget,” said Finance Minister Sergei Marchenko .
According to him, these funds will help support Ukrainians in war conditions and bring victory against Russia closer.
The additional loan is provided for 10 years at an interest rate of 1.5% per annum.
Recall that this week the United States transferred a $1.25 billion grant to Ukraine. Since the start of the full-scale invasion of the Russian Federation, American aid giving has reached $15.5 billion.
A week ago, it was reported that the European Union transferred to Ukraine the second tranche of macro-financial assistance for 1.5 billion euros from a package totaling 18 billion euros.
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.