Support for economic stabilization and development initiatives in Ukraine

Ottawa, Ontario
13 March 2014

The Government of Canada is committed to supporting Ukraine during this important period of transition. To this end, on March 13, 2014, Prime Minister Stephen Harper announced more than $220 million in support to help Ukraine stabilize its economy, and promote economic and social development.  

More specifically, support will be allocated as follows:

Loan or Loan Guarantee

Amount: $200 million (2014)

Implementing partner: Government of Ukraine

Canadian financial support to Ukraine will help the new government stabilize its economy and support programming consistent with Canadian development priorities. This loan or loan guarantee will be conditional on the establishment of a broader package of International Monetary Fund (IMF) support for Ukraine.

Technical Assistance to Strengthen Public Financial Management in Ukraine

Amount: $20 million (2014)

Implementing partner: International Monetary Fund (IMF)

Canadian financial support for technical assistance in Ukraine will ensure that the Government of Ukraine receives the expert guidance and advisory support it needs to manage its economic transition at this difficult time. Ukraine will be able to draw on IMF technical assistance responsively, helping to stabilize and rebuild the economy. This could include support related to monetary policy, public expenditure management, debt management, balance of payments systems, financial sector supervision, and anti-money laundering reforms.

Strengthening the National Bank of Ukraine
Amount: $900,000 (2014-2015)

Implementing partner: International Monetary Fund (IMF)

The project provides technical assistance to enhance the capacity of the National Bank of Ukraine to undertake banking and financial sector reforms. The project is supporting changes that can help ensure greater price stability and lower inflation in Ukraine, and reforms that build the resilience of the Ukrainian economy to adverse external developments - all of which are essential pre-conditions for further small and medium-sized enterprise developments in Ukraine.