Germany will allocate EUR1 billion in grant funding to Ukraine for priority government spending, the corresponding agreement between the governments was signed on June 24, Minister of Finance of Ukraine Serhiy Marchenko told
“I thank my friend German Finance Minister Christian Lindner for the speed in implementing this important decision. This financial support is more important than ever and will bring our victory closer,” the head of the Ukrainian Ministry of Finance wrote on Facebook.
Earlier it was reported that these funds from Germany, presumably, will be provided through a special account administered by the International Monetary Fund (IMF).
In April 2022, the IMF decided to create an administrative account for crediting funds as part of the Special Drawing Rights (SDR) from donor countries in favor of Ukraine. All funds raised using this account should be used to maintain the financial stability of Ukraine in the form of grants or credits (loans).
