Ukraine receives USD 1.8 billion loan from Canada

The State Budget of Ukraine received a concessional loan of CAD 2.4 billion [equivalent to USD 1.8 billion – ed.] from Canada.

Source: Ministry of Finance of Ukraine

Details: The funds were provided through the administered account for the benefit of Ukraine established by the International Monetary Fund (IMF).

"Canada has once again demonstrated that it is a reliable partner of Ukraine. Today we received CAD 2.4 billion, which will be directed primarily to financing priority expenditures of the State Budget. These funds will allow us to support the citizens of Ukraine in war conditions and bring our victory over the russian [sic] aggressor closer," Serhii Marchenko, Minister of Finance of Ukraine, said.

The loan's repayment period is 10 years, and the interest rate is 1.5% per annum.

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