Ukraine Receives $1.25 Billion Grant from the U.S.
Ukraine received a grant of $1.25 billion from the U.S. through the Multi-Donor Trust Fund of the World Bank, the Finance Ministry announced on July 31.
Supporting Social and Humanitarian Expenditures
This is the fifth package provided to Ukraine under the Public Expenditures of Administrative Capacity Endurance (PEACE) in Ukraine, designed to support Ukraine’s social and humanitarian expenditures.
The funding will be used to cover social assistance for:
- Internally-displaced persons (IDP)
- People with disabilities
- Low-income families
- Other social payments
Significant U.S. Support
The ministry noted that in 2023, Ukraine received $8.45 billion in direct budget support from the U.S. Since the start of the full-scale war, Washington has provided Kyiv with $20.4 billion in grant funding, the ministry’s press release said.
The PEACE Project in Ukraine
The PEACE project in Ukraine was established in June 2022 to help the country in supporting around 13 million beneficiaries, including:
|Beneficiary||Number of Beneficiaries|
|Social Assistance Beneficiaries and IDPs||over three million|
Emergency Assistance Package
On June 21, the World Bank announced a tranche of $1.75 billion for emergency assistance to Ukraine under the PEACE project. The package included:
- A $500 million loan from the World Bank guaranteed by the U.K.
- A $1.25 billion grant from the U.S.
- A $15 million grant from Finland