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Canada Announces CA$2.5 Billion for Ukraine to Unlock IMF Financing

Ottawa frames the package as catalytic support to secure multilateral funds for Ukraine’s strained finances.

Overview

  • Prime Minister Mark Carney unveiled the commitment on Dec. 27 in Halifax alongside President Volodymyr Zelensky.
  • The government says the funds are intended to help Ukraine access financing from the IMF and other multilateral institutions.
  • Officials describe the package as targeting immediate liquidity needs in Kyiv and reinforcing investor and creditor confidence.
  • Reporting from the announcement notes the contribution equals roughly US$1.8 billion.
  • Canada’s overall assistance since 2022 totals nearly CA$22 billion, including more than CA$12 billion in direct financial support.