This is a machine translation of an article Online Newspapers Korrespondent.net, Translation has not been checked or edited and the spelling of names and geographical designations do not correspond elsewhere Ukraine News used conventions.
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Canada plans $120 million loan to Ukraine USD To support economic stability and growth, the Government of Canada announced Friday, January 21.
Canada has also offered to provide a technical assistance grant of up to $6 million. USD Grants to support the implementation of the loan.
Reportedly the terms and timing of the loan are still being negotiated.
“Ukrainians can always count on Canada when they need it. Together we can strengthen the economy and push for governance reforms. I approved this proposed loan to counter aggressive actions by Russia. To enable Ukraine to respond to the needs of its people. This is just one step in building a secure future for Ukrainians and I will continue to look for ways to support Ukraine,” said the Secretary of State for International Development and Canada Harjit S. Sajjan, minister in charge of Pacific Economic Development Agency said.
The decision on the loan was welcomed by the President of Ukraine, Volodymyr Zelensky.
“I appreciate Canada’s decision to provide $120 million in aid to Ukraine. A strong Ukraine is the key to security in Europe. Canada is once again demonstrating its commitment to the spirit of the special partnership between our countries.” “
Claire Montgomery is a contributor to CA News Ottawa, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, accurate reporting and useful information that helps readers stay informed about current affairs and developments that shape their communities. Her work highlights relevant stories, emerging trends, and important issues, presenting them in a balanced, accessible, and reader-friendly manner.
