Canada to provide Ukraine loan of almost $2B

Canada to provide Ukraine loan of almost $2B

Ukrinform
This year, Canada will provide Ukraine with a soft loan in the amount of CAD2.4 billion (about $1.9 billion).

Such a figure is laid down in Canada’s federal budget, tabled in the country's parliament on Tuesday.

The loan will be provided through a special IMF account to support Ukraine, the document says.

In addition, Canada will increase the funding of its foreign ministry by CAD 84 million (about $65 million) to provide targeted support to Ukraine for humanitarian and psychological assistance, demining, agriculture, and other priority areas.

Read also: Canada’s Defense Ministry shows armored vehicles being shipped to Ukraine

To promote reconstruction, Canada will also work to ensure that Ukraine has access to private capital in the future, according to the federal budget draft.

It should be recalled that since Russia’s full-scale Russian invasion, Canada has provided Ukraine with various assistance in the amount of more than $4 billion.

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-