Ukraine will receive $3.9 billion from the US in the near future, the agreement has been signed - Ministry of Finance
Kyiv • UNN
The Minister of Finance of Ukraine has signed an agreement on a $3.9 billion grant from the United States. The funds will be used to pay salaries to teachers, employees of the State Emergency Service, government agencies, and social benefits.
Ukraine will soon receive $3.9 billion from the United States. Ukraine's Finance Minister Sergiy Marchenko signed the relevant agreement, the Ministry of Finance reported on Thursday, UNN writes.
Details
"In the near future, the State Budget of Ukraine will receive a grant from the United States in the amount of almost $3.9 billion. Minister of Finance of Ukraine Sergii Marchenko and World Bank Regional Director for Eastern Europe Bob Som signed the relevant agreement," the statement reads.
According to the Ministry of Finance, the funds will be used to:
- payment of salaries to teachers,
- employees of emergency response services (SES),
- employees of government agencies,
- as well as to support priority social expenditures (payments to internally displaced persons, low-income families and people with disabilities).
I am grateful to the United States and the World Bank team for their cooperation, which has resulted in the mobilization of critical resources. This is the necessary and timely funding to support the liquidity of the state budget
The funds will come through the project "Public Expenditure Support for Enhanced Accountability in Ukraine" (PEACE in Ukraine). The project is a key financial instrument of the World Bank to help Ukraine.
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