Ukraine received a USD 1.25 billion grant from the United States of America

Grant funds in the amount of USD 1.25 billion were received from the United States of America to the State Budget of Ukraine through the Multi-donor Trust Fund of the World Bank. In 2023, Ukraine has already received USD 6 billion in grant funds for direct budget support from the US.

Grant funds were provided as part of the fourth additional financing under the Public Expenditures for Administrative Capacity Endurance (PEACE) in Ukraine Project. The purpose of the Project is to partially compensate for state budget expenditures, including social and humanitarian expenditures not related to the security and defense sector.

The involved grant funding will be aimed at reimbursing state budget expenses, namely: the payment of state social benefits to families with children, wages of workers in the education sector, wages of medical service providers under the medical guarantee program, etc.

“Grant support from the United States as part of the World Bank's PEACE in Ukraine Project is desperately needed to support humanitarian and social expenditures during a full-scale war. The Ministry of Finance of Ukraine together with the World Bank and USAID SOERA teams are helping to optimize and strengthen the monitoring, verification and reporting systems of the Government of Ukraine regarding the use of donor funds provided by partners,” said Minister of Finance of Ukraine Sergii Marchenko.

The Ministry of Finance of Ukraine, together with the World Bank, implements the PEACE in Ukraine Project and ensures the transparency of the attraction and use of funds provided by development partners. The Ministry of Finance monitors the use of direct budget support from the US Government in cooperation with Deloitte Consulting, which implements the USAID SOERA project, and performs a verification according to agreed procedures to determine the eligible public expenditures made by Ukraine in 2022 under the Project with the auditing company PriceWaterhouseCoopers Ukraine.

The involved grant funding will be aimed at reimbursing state budget expenses, namely: the payment of state social benefits to families with children, wages of workers in the education sector, wages of medical service providers under the medical guarantee program, etc.

Ukraine is implementing a joint project with the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) entitled Public Expenditures for Administrative Capacity Endurance in Ukraine for a total of USD 16.5 billion and EUR 1.4 billion (IBRD loans, IDA loans, grants from the Multi-Donor Trust Fund).

Additional Information

The Ministry of Finance of Ukraine publishes detailed information on the State Budget expenditures of 2022, which were  reimbursed by the foreign partners, including the United States, under the World Bank's Project Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE in Ukraine).