Ukraine receives first funds through IMF account By Reuters June 17, 2022, 1:40 PM Creative Commons Prime Minister Denys Shmygal thanks donors for assistance to Ukraine in the fight against the aggressor Ukraine has received a loan of one billion Canadian dollars ($770 million) on concessional terms, its first funds through an “administered account” set up by the International Monetary Fund, Prime Minister Denys Shmygal said on Friday. “Grateful to…(Canadian Deputy Prime Minister Chrystia Freeland) for support & comprehensive assistance to Ukraine in the fight against the aggressor,” Shmygal tweeted, referring to Russia which invaded Ukraine in February. The IMF set up the administered account in April to provide donors with a secure way to channel financial assistance to Ukraine in the form of grants and loans. Germany has also already pledged to contribute funds and other countries have expressed interest too, IMF spokesperson Gerry Rice said last week. ($1 = 1.2985 Canadian dollars) Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
