The United States provided Ukraine with a new tranche of grant funds in the amount of $1.25 billion

18:59 28 April Kyiv, Ukraine

Ukrainian state budget received a new tranche of grant funds in the amount of $1.25 billion from the United States. Funding was provided through the World Bank Trust Fund as part of the fourth additional funding for the Public Expenditure Support for Sustainable Governance in Ukraine (PEACE) project, according to the official announcement.
In connection with the full-scale invasion of Russia in Ukraine, the United States has already provided grants in the amount of about $16.7 billion.. Funds from the US will be used for priority social spending such as pension payments, selected government social assistance programs (IDP payments), salaries of healthcare workers, and payments to employees of the State Emergency Service.

Minister of Finance of Ukraine Serhiy Marchenko stressed that the partnership with the United States and the World Bank team during the war allows the government of Ukraine to finance social spending in full without increasing the debt burden and contributes to the stabilization of the financial system.