Copyright © 2024 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 $1.25 billion budget grant to Ukraine

US provides $1.25 billion budget grant to Ukraine

The US government has provided a $1.25 billion grant to Ukraine’s state budget through the World Bank’s Multi-Donor Trust Fund. This brings the 2023 direct US budget support to $8.45 billion. Since Russia’s full-scale invasion began, the total US grant funding to Ukraine’s budget has reached $20.4 billion, Ukraine’s Ministry of Finances and US ambassador to Ukraine informed.

https://twitter.com/USAmbKyiv/status/1686105228041490432

The latest grant is part of the fifth additional financing for the PEACE in Ukraine project supporting sustainable governance expenditures. The project helps partially compensate for social and humanitarian budget spending.

The granted funds will cover part of civil servant salaries and state social assistance programs for displaced persons, the disabled, and low-income families.

Ukrainian Finance Minister Sergiy Marchenko said the unconditional US financial assistance is crucial for upholding the state budget amid Russia’s aggression. He expressed deep gratitude to the US government and taxpayers for their solidarity and unprecedented backing of Ukraine in this crucial period.

In 2023, an ongoing $16.5 billion World Bank program for Ukraine is supported by the US and other donors. In 2022, $14.5 billion were provided within the same program since the Russian full-scale invasion began.

In 2022, 14 countries contributed to the PEACE program, providing budgetary support for Ukraine in the form of grants, loans, and credit guarantees:

  • United States — $11.7 billion
  • UK — $1.45 billion
  • World Bank — $727.8 million (loans)
  • Germany — $264.5 million
  • Italy — $200.5 million (loan)
  • Spain — $50.1 million
  • Denmark — $30.9 million (credit guarantees)
  • Finland — $21.3 million
  • Ireland — $21.1 million
  • The Netherlands — $20.3 million (credit guarantees)
  • Latvia — $10.4 million (credit guarantees)
  • Lithuania — $10 million (credit guarantees) and $3.2 million
  • Switzerland — $10.3 million
  • Belgium — $3.1 million
  • Iceland — $1.6 million
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!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts