Today, at the G7 Finance Ministers and Central Bank Governors Meeting in Germany, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, announced an additional loan of $250 million to Ukraine through the International Monetary Fund’s (IMF) Administered Account for Ukraine.
Together with previous financial support, this loan brings Canada’s financial commitment to Ukraine to $1.87 billion this year. This funding is separate from and in addition to significant assistance committed through military aid, humanitarian response efforts, and immigration measures.
Canada played a leading role in the creation of the IMF’s Multi-donor Administered Account for Ukraine, which assists Ukraine in meeting its balance of payments and budgetary needs, and in stabilizing the Ukrainian economy.
Canada, together with its G7 allies, will continue to support Ukraine as it fights to defend its sovereignty and democracy.