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Ukraine receives first funds through IMF account, PM says

“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)


Source: Economy - investing.com

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