IMF approves the establishment of a multi-donor administered account for Ukraine
12 April 2022 11:03
The Ministry of Finance of Ukraine welcomes the decision of the International Monetary Fund to establish a multi-donor administered account for Ukraine, providing donors with a secure vehicle to direct financial assistance to Ukraine.
The donor funds will be used to support Ukraine's financial stability.
Previously, the leadership of the Ministry of Finance held a series of negotiations on this initiative - both with representatives of the IMF and with the governments of some countries that have expressed readiness to provide assistance using the Fund's account.
The Ministry of Finance is grateful to the Government of Canada and personally to the Deputy Prime Minister and Minister of Finance of Canada Chrystia Freeland for coordination of this initiative.
Funds will be channeled to the administrative account in the form of loans and grants. Not only the governments of the IMF member countries, but also international organizations will be able to provide funds.
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