The Ministry of Finance of Ukraine, which received the first grant from the United States on June 29 as part of a $7.5 billion state budget financing package, expects the next tranche to arrive in July.
“The support of our partners accelerates Ukraine’s victory. We have just received the first grant from the United States – $1.3 billion. We expect the next grant from the United States in July,” Finance Minister Sergei Marchenko wrote on Thursday night.
He clarified that the funds were received through the mechanism of the World Bank’s Multi-Donor Trust Fund as part of additional financing for the project “Public Expenditure Support to Ensure Sustainable Public Administration in Ukraine.”
Marchenko thanked the teams of the World Bank, the government, the Ministry of Finance and the Ukrainian Embassy in the United States for their well-coordinated work and the opportunity to receive these funds as quickly as possible.
In May, the US Congress passed a bill on the allocation of assistance to Ukraine in the amount of $40 billion, including $7.5 billion to finance the state budget.
