United States transfers $1.25B grant to Ukrainian state budget

30.03.2023 08:01

Ukrinform

The state budget of Ukraine has received $1.25 billion of grant funds from the United States, which will mainly be used for social payments.

This is said in a statement published on the Ukrainian Finance Ministry’s website, Ukrinform reports.

The ministry said that the grant funding will be used to provide partial reimbursement of state budget expenditures, in particular for pension payments, support for certain state social assistance programs (assistance for IDPs), and to pay salaries of public employees, employees of the State Emergency Service and employees of higher education institutions.

The United States provided the funds through the World Bank Trust Fund as part of the fourth additional financing for the Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) project.

Since the start of Russia's full-scale invasion, Ukraine has already received $15.5 billion in grants from the United States.

PEACE is a joint project of Ukraine, the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) worth $14.9 billion and EUR 1.4 billion. It includes IBRD loans, IDA loans, grants from the Trust Fund of many donors.

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