The additional support – in the form of a second low-interest loan – aims to help Ukraine’s newly-elected government restore macroeconomic stability, promote sustainable growth, and support programming consistent with Canadian development priorities.
The second loan, which will be delivered by Export Development Canada, is part of a broader package of additional international assistance for Ukraine, and is conditional on the approval of the next review of Ukraine’s International Monetary Fund (IMF)-supported program. Funds will be disbursed following agreement on terms and conditions consistent with those of Canada’s first loan. As with any financial support provided by Canada, the loan will include necessary safeguards to ensure accountability and transparency with respect to the use of funds.
Today’s announcement is one of several measures undertaken by the Government of Canada in concert with the international community to help address the ongoing crisis in Ukraine.