Copyright © 2021 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

US provides Ukraine with USD 1,25 billion grant

On 28 April 2022, the state budget of Ukraine received a grant worth $1,25 billion from the United States through the World Bank Trust Fund, Ukraine’s Finance Ministry reported.

The World Bank’s Trust Fund provided the funding as part of the fourth additional financing for the Public Expenditure Support for Enhanced Accountability and Sustainable Governance in Ukraine (PEACE) Project. Ukraine’s government will use this grant to pay salaries to Ukrainian State Emergency workers and healthcare workers and make social payments, including financial support for the internally displaced persons in Ukraine.

“The partnership with the United States and the World Bank team during the war allows the Government of Ukraine to finance priority social expenditures fully. At the same time, the assistance in the form of grants does not increase the debt burden and contributes to stabilizing the financial system,” Ukraine’s Finance Minister Sergii Marchenko said.

Currently, Ukraine is implementing a joint project with the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) entitled “Support to Public Expenditures for Sustainable Public Administration in Ukraine” for a total of $16,5 billion and 1,4 billion euros, according to Ukraine’s Finance Ministry.

Since the beginning of the full-scale Russian invasion, Ukraine has received around $16,7 billion in grants from the United States.

Related:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!
Total
0
Shares
Related Posts