Canada to send $795 million to the IMF donor account to help Ukraine

The government of Canada in its recent budget has proposed up to $795 million to be disbursed through the IMF donor account for Ukraine. The donor account will be available for any other IMF members or intergovernmental agencies and organizations that wish to use it as a vehicle to provide financial assistance to Ukraine, the IMF said.

The announcements mean Canada has now committed more than $955 million in direct contributions to Ukraine, as well as offering up to $1.3 billion in loan supports.
“This support has helped respond to the humanitarian crisis, and ensure that the Ukrainian government can continue to provide essential services,” the budget said.

Since 2015, Canadian troops have been training Ukrainian forces in the west of the country. In January 2022, Ottawa said the mission would be expanded. Canada is home to some 1.4 million Ukrainians, making it the world’s second-largest Ukrainian diaspora.