The state budget of Ukraine received a grant from Germany in the amount of one billion euros.
Source: Ministry of Finance of Ukraine
“Grants were transferred to the state budget through a special administrative account opened by the International Monetary Fund to send money from donor countries to help Ukraine.”
The funds received will be used to finance priority budget expenditures during martial law. In total, since the beginning of martial law, Ukraine has already received € 1.3 billion from Germany to support the financial and budgetary system.
Germany became the second country to use this tool, after Canada, which allocated a soft loan of 1 billion Canadian dollars (equivalent to $773 million) in the first half of June.
In April 2022, the IMF decided to create an administrative account for crediting funds in the form of part of the Special Drawing Rights (SDR) from donor countries in favor of Ukraine. All funds raised using this account must be directed to support the financial stability of Ukraine in the form of grants or credits (loans).
See also: Ukraine received a €446.8 million loan from the World Bank
