Another $1.25 billion grant from the United States arrived in Ukraine on Monday through the multi-donor World Bank Trust Fund, the Finance Ministry said.
“Irrevocable financial assistance from the United States is an extremely important element in supporting Ukraine’s state budget while it resists Russia’s full-scale aggression. The next grant will help the Ukrainian government to reimburse priority expenditures in the social and humanitarian sphere,” Finance Minister Serhiy Marchenko was quoted as saying in the release.
The Finance Ministry specified that in 2023 Ukraine has already received $8.45 billion in grants of direct budgetary support from the United States, and in total, $20.4 billion in grants from the United States have been received in the state budget since the beginning of the full-scale war.
As previously stated by the Ministry of Finance, as of July 21 this year, the state budget of Ukraine received funding from international partners in the amount of $23.6 billion, compared to $32.1 billion last year, while the need for this year is about $42 billion.
Since then, the budget has also received EUR1.5bn of the sixth tranche of EU macrofinancial assistance and $1.5bn through the World Bank’s Trust Fund mechanism under the guarantees of the Japanese government.
