Ukraine received $4.3B through World Bank's project in 1st quarter

In the first quarter of 2023, international partners reimbursed priority expenditures of the Ukrainian budget in the amount of $4.3 billion within the framework of the World Bank’s project "Supporting public expenditures to ensure sustainable public administration in Ukraine" (PEACE in Ukraine).

“Under the PEACE in Ukraine project, international partners have already provided USD 4.3 billion to reimburse priority expenditures for the first quarter of 2023. Of these, more than 93% are grants from the United States of America,” the Ministry of Finance of Ukraine reports.

In addition, Ukraine received USD 15 million in grant aid from Finland and a loan of USD 272 million (EUR 222.3 million) from the World Bank.

In total, in the first quarter of 2023, UAH 171.9 billion (USD 4,7 billion) of State Budget expenditures were made that are subject to reimbursement by Ukraine's international partners under the PEACE project.

In particular, UAH 105.7 billion (61.5%) in social sector expenditures, including assistance to 2 million internally displaced persons (UAH 18.6 billion), and housing subsidies (UAH 9.6 billion) to 1.9 million people were reimbursed.

Another UAH 25.8 billion (15%) – healthcare expenditures to pay salaries to more than half a million healthcare workers.

UAH 25 billion (14.5%) expenditures in the education sector, including salaries for half a million secondary school teachers and 135 thousand employees of higher education institutions, were reimbursed.

UAH 8 billion (4.7%) was directed to pay salaries for 57,000 rescuers of the State Emergency Service.