Canada to provide Mdova with loan to support Ukrainian refugees

Mdova will receive a soft loan of 120 million Canadian dlars (about USD 92 million) from Canada to help it accept Ukrainian refugees.

According to an Ukrinform correspondent, this was announced in Ottawa by Canadian Foreign Minister Melanie Jy.

“With this loan, we are fulfilling our commitment to Mdova to assist in the reception of Ukrainian refugees. The loan will provide important financial stability as Mdova implements an ambitious reform program and confronts Russia's ongoing efforts to destabilize its democracy,” said Jy.

Her office clarified that Canada's sovereign loan will be provided to Mdova for 10 years through the World Bank. “Canada is committed to continuing to assist Mdova in supporting Ukrainian refugees and long-term economic develment,” said Ahmed Hussain, Minister of International Develment of Canada.

As reported, the Fifth Conference of the Mdova Partnership Platform is taking place in Chisinau today, which was initiated by Germany, along with France and Romania, 40 days after the full-scale Russian invasion of Ukraine.

Photo: realgazeta.com.ua

Source: www.unian.info

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