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Ukraine to receive over $350M loan from Canada
Other countries
- 31 July, 2022
- 05:27
The Cabinet of Ministers of Ukraine has amended the Basic Conditions for the Implementation of State External Borrowing in 2022 by attracting a loan from Canada, the Ukrainian Finance Ministry said, Report informs via Ukrainian media.
The draft resolution was developed by the Ministry of Finance for the possibility of increasing the amount of preferential credit by CAD 0.45 billion (equivalent to USD 0.351 billion) within the framework of the loan agreement between Ukraine and Canada, as a result of which the loan amount will reach CAD 1.45 billion (equivalent to USD 1.131 billion).
The funds will be sent to the Ukrainian state budget to finance priority expenditures, in particular, to ensure priority social and humanitarian payments.
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