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Ukraine will receive a USD 2.5 billion grant from the United States through the World Bank's Trust Fund

Today, on April 5, Minister of Finance of Ukraine Sergii Marchenko and World Bank Regional Country Director for Eastern Europe (Belarus, Moldova, and Ukraine) Arup Banerji signed an Agreement on providing Ukraine with a grant in the amount of USD 2.5 billion.

The specified grant funds were provided by the USA and sent through the Trust Fund of many donors as the third additional financing under the project Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE).

This is the second grant from the United States planned for 2023 for a total amount of USD 9.9 billion.

“The constant and effective support of the World Bank within the framework of the unique investment project "PEACE in Ukraine" allows the Government of Ukraine to perform the main state functions at the appropriate level, as well as solve urgent social issues of population support,” said Sergii Marchenko during the signing of the Agreement.

Raised grant funds in the amount of USD 2.5 billion will be directed to ensure the efficiency of the system of state bodies, education, healthcare and first response services, as well as to ensure pension payments and certain programs of state social assistance.

Additional Information

Ukraine is implementing a joint project with the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) Public Expenditures for Administrative Capacity Endurance (PEACE) in Ukraine.

Since the beginning of the Project, Ukraine has received grants and loans totaling USD 14 billion dollars and EUR 1.2 billion.