Ukraine has received a $3.9 billion grant from the United States through the World Bank, announced Ukrainian Prime Minister Denys Shmyhal on Monday. “This is the first tranche of direct budget support from the United States in 2024. In total, Ukraine will receive $7.8 billion in direct budgetary assistance from the United States this year, which will allow us to confidently pass this financial period,” he said.
Prime Minister Shmyhal expressed confidence in Ukraine’s ability to navigate the financial year with this support. The Ukrainian finance ministry stated that the funds will be allocated towards wages for teachers, State Emergency Service staff, and other public employees. Additionally, the grant will provide assistance to displaced persons, low-income families, and people with disabilities.
Finance Minister Serhiy Marchenko emphasised that the grant will help Ukraine cover priority social and humanitarian expenditures without increasing its debt burden.
The grant will help the Government of Ukraine to reimburse priority social and humanitarian expenditures without increasing the debt burden,” Marchenko said in a statement.
Since February 2022, direct budget support from the United States has reached nearly $27 billion, making it the largest source of financial assistance to Ukraine. Marchenko noted that this grant is part of a larger $60 billion support package for the country.
Melissa Enoch
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