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Ukraine to receive a $2.5 billion grant from the U.S.

Author
Anastasiia Kovaliova

Minister of Finance of Ukraine Sergii Marchenko and World Bank Regional Country Director for Eastern Europe (Belarus, Moldova, and Ukraine) Arup Banerji signed an agreement on providing Ukraine with a $2.5 billion grant from the U.S.

The news was announced by the press service of the ministry.

Quote"The specified grant funds were provided by the USA and sent through the Trust Fund of many donors as the third additional financing under the project Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE)."

This is the second grant from the United States out of the total amount of $9.9 billion planned for 2023.

Quote"The constant and effective support of the World Bank within the framework of the unique investment project "PEACE in Ukraine" allows the Government of Ukraine to perform the main state functions at the appropriate level, as well as solve urgent social issues of population support," said Sergii Marchenko during the signing of the Agreement.

It was announced that the grant funds in the amount of $2.5 billion obtained from the Trust Fund of many donors would be directed to ensure the efficiency of the system of state bodies, education, healthcare, and first response services, as well as pension payments and certain programs of state social assistance.

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