Ukraine received a billion Canadian dollars
Canada was the first to provide Ukraine with a loan on favorable terms through the IMF administrative account mechanism.
Ukraine received a billion Canadian dollars (773 million US dollars) of a loan from Canada, according to the website of the Ministry of Finance on Friday, June 17.
The loan repayment period is 10 years, the interest rate is 1.69% per annum.
These are the first funds that Ukraine received through the mechanism of the administrative account of the International Monetary Fund.
The funds will be directed to the state budget to finance priority spending, in particular to ensure priority social and humanitarian spending.
Recall that the IMF opened a special account for Ukraine at the end of April. It is designed to transfer donor resources in the form of grants and loans to help Ukraine. Through it, Ukraine should receive five billion dollars a month.