Canada to send 1 billion Canadian dollars to Ukraine

10 April, 04:19 PM
Ukrainian Prime Minister Denys Shmyhal (Photo:https://t.me/Denys_Smyhal)

Ukrainian Prime Minister Denys Shmyhal (Photo:https://t.me/Denys_Smyhal)

The Government of Canada will provide CAD 1 billion (approximately U.S.$ 800 million) via the International Monetary Fund to help Ukraine, Prime Minister Denys Shmyhal said on his Telegram channel on April 10.

 “Yesterday, at the request of several member countries, in particular Canada, the International Monetary Fund approved the opening of a special administrative account for crediting funds from donor countries to help Ukraine,” Shmyhal wrote.

“The Government of Canada will be the first to send (money) through this account – one billion Canadian dollars.”

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The Cabinet of Ministers will also approve a draft agreement on concessional financing from Canada of an amount of CAD 500 million, which will be directed to the Ukrainian budget for the urgent needs of the army and citizens.

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