Ukraine on Monday received the first tranche of U.S. grant funding in 2023 in the amount of $1.25 billion, the Ministry of Finance of Ukraine reported.
A second tranche of the same size will arrive in March, according to a press release issued by the ministry following a meeting between Ukrainian Prime Minister Denys Shmyhal and Finance Minister Serhiy Marchenko with U.S. Treasury Secretary Janet Yellen on Monday.
The Ukrainian Ministry of Finance recalled that in total this year the United States confirmed its intention to provide Ukraine with $9.9 billion.
The funds are received as part of the World Bank’s Public Expenditures for Administrative Capacity Endurance (PEACE) project and are used to reimburse state budget expenditures made to provide pension payments, housing and utility services subsidies, payments to low-income families, persons with disabilities, IDPs, benefits for children of single mothers, maternity benefits, wages for employees of higher education institutions, as well as payments to first responders (the State Emergency Service).
Advertising
Advertising
MORE ABOUT
Since start of the full-scale war, U.S. aid to Ukraine in various areas amounts to about $50 bln – Treasury Secretary Yellen
19:55, 27.02.2023
Zelenskyy urges head of US Treasury to continue strengthening sanctions against Russia
19:27, 27.02.2023
USA to provide Ukraine with next tranche of aid to restore grids early March – US Energy Secretary
14:29, 27.02.2023
US Ambassador to UN: 141 countries tell Russia to withdraw troops from Ukraine
10:56, 24.02.2023
USA to announce new sanctions against Russia at G7 meeting – White House
10:49, 24.02.2023
LATEST
OECD-Ukraine Liaison Office to open in Kyiv on March 1 – Secretary-General Cormann
15:17, 28.02.2023
Sweden to allocate $30 mln to replenish Ukraine Energy Support Fund – Haluschenko
14:16, 28.02.2023
German govt increases support for Ukraine to develop climate policy, protect biodiversity – Ministry of Natural Resources
13:04, 28.02.2023
Westinghouse expresses support for Ukraine
12:45, 28.02.2023
Ukraine puts forward its candidacy for IAEA Board of Governors
12:06, 28.02.2023
