The Cabinet approved the loan.
million Canadian dollars in credit from Canada, increasing the amount of soft credit to 1.45 billion Canadian dollars (1.131 billion US dollars). This was announced by the government's press service on Friday, July 29.
It is noted that the funds will be sent to the state budget to finance priority expenses, in particular to ensure priority social and humanitarian payments.
We would like to remind you that on June 17, the State Budget of Ukraine received 1 billion Canadian dollars from Canada (equivalent to 0.773 billion US dollars) of credit on preferential terms. These are the first funds that Ukraine received through the mechanism of the International Monetary Fund's administrative account.
The loan repayment term is 10 years, the interest rate is 1.69% per annum. For additional tranches of the loan, the specified conditions are preserved.
Read also: Ukraine counts on a $15-20 billion IMF loan by the end of the year – head of the National Bank donor countries in favor of Ukraine. All funds raised from this account must be directed to support the financial stability of Ukraine in the form of grants or loans.
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