The state budget of Ukraine has received a grant in the amount of $1.5 billion. This is the latest tranche of $4.5 billion in grant funds provided by the US through the World Bank Trust Fund, Report informs citing RBC-Ukraine.
The money was provided within the project “Support for Public Expenditure to Ensure Sustainable Public Administration in Ukraine.”
According to the press service, the funds will be directed to reimbursement of expenses incurred by the budget to provide pension payments and certain programs of state social assistance, such as payment for housing and communal services, support for low-income families, disabled children and disabled since childhood, IDPs, etc.
“This will allow us to continue to provide wages, social and pension payments and assistance to internally displaced persons in the fight against the aggressor,” said Finance Minister Serhiy Marchenko.
The first $3 billion from the US under the project “Support for Public Expenditure to Ensure Sustainable Public Administration in Ukraine” was provided to Ukraine on Independence Day, August 24.
According to the NBU, in August the volume of assistance to Ukraine increased significantly (to $4.7 billion) due to a grant from the US for $3 billion. As of September 6, the volume of international financial support exceeded $17 billion.