20 Dec 2022 13:33

Canada, Netherlands transfer C$500 mln, 200 mln euros to IMF account for Ukraine

MOSCOW. Dec 20 (Interfax) - Canada has transferred C$500 million and the Netherlands 200 million euros to a special account for Ukraine administered by the International Monetary Fund (IMF), IMF Managing Director Kristalina Georgieva said.

"Thank you, Canada, for a new contribution of CAD 500m to the Administered Account for Ukraine. This is Canada's third contribution to the account, which supports efforts to help stabilize the Ukrainian economy," Georgieva said on social media.

"I am delighted to see another member of the international community joining the efforts to help stabilize the Ukrainian economy using the Administered Account for Ukraine. Thank you, the Netherlands, for your EUR 200m contribution," Georgieva said.

As reported earlier, Canada committed to transfer C$500 million as a loan through the IMF to Ukraine from the issue of special five-year sovereign bonds in support of Ukraine.

The Netherlands said in early July that it decided to allocate another 200 million euros for Ukraine through an IMF account. "The money will be spent on the day-to-day costs of the Ukrainian government, like salaries of civil servants, school teachers and healthcare workers," Dutch Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher said at the Ukraine Recovery Conference in Lugano, Switzerland.