Ukraine creditors provides assurances to support IMF

The Group of Creditors of Ukraine (GCU) body said on Friday that it had provided financing assurances to support the International Monetary Fund’s (IMF) approval for an upper credit tranche programme to help restore Ukraine’s economy.

The Group of Creditors of Ukraine includes Canada, France, Germany, Japan, Britain and the United States.

“Germany stands firmly by Ukraine’s side and supports it to the best of its ability in its fight for our common values of freedom and democracy. That is why Germany is committed to providing financial support bilaterally and in various multilateral forums,” a German finance ministry spokesperson said.