Business news from Ukraine

Business news from Ukraine

Ukraine receives $1.35 bln grant from US for social and humanitarian programs

Ukraine has received a $1.35 billion grant from the United States, Prime Minister Denys Shmyhal said.
“The U.S. government has allocated funding through the U.S. Agency for International Development (USAID) and in coordination with the U.S. Treasury Department and the U.S. Department of State,” Shmyhal wrote on his Telegram channel.
According to him, the funds will be used for priority humanitarian and social programs.
“The funding raised is aimed at reimbursing priority social and humanitarian expenditures of the state budget, in particular, to ensure the payment of salaries to educators,” the press service of the Ministry of Finance said.
It is noted that the funds were transferred to the state budget of Ukraine through the World Bank’s Public Expenditure Support for Sustainable Governance in Ukraine (PEACE in Ukraine) project.
“Since February 2022, direct budget support from the United States has reached $28.2 billion. This is the largest financial assistance to Ukraine among all countries of the world (…),” said Finance Minister Sergii Marchenko.
The Ministry of Finance reminds that this year Ukraine expects $7.8 billion in budget support from the United States, of which $5.2 billion has already been mobilized.

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