United States provides $4.5B in direct budgetary support to Ukraine

United States provides $4.5B in direct budgetary support to Ukraine

The United States, through the U.S. Agency for International Development (USAID) in coordination with the U.S. Department of the Treasury, is providing an additional $4.5 billion in direct budgetary support to the Government of Ukraine to help alleviate the acute budget deficit caused by the Russian armed aggression.

The relevant statement was made by the United States Embassy in Ukraine, an Ukrinform correspondent reports.

The Ukrainian government will receive the funding in tranches, beginning with a $3 billion disbursement in August 2022. This contribution was made possible with generous bipartisan support from the U.S. Congress, the Embassy added.

These funds provided by the United States, through the World Bank, will allow the Government of Ukraine to maintain essential functions to its people, including social and financial assistance to Ukrainians further pushed into poverty since the start of the war, children with disabilities, and internally displaced persons.

“The resources provided today build on previous budget support, enabling the Ukrainian government to carry out core functions – for example, keeping gas and electricity flowing to hospitals, schools, and other critical infrastructure, supporting the provision of humanitarian supplies to citizens, and continuing to pay the salaries of civil servants, healthcare workers and teachers,” the Embassy noted.

According to the Embassy, robust safeguards put in place by the World Bank, coupled with USAID-funded, expert third-party oversight embedded within the Ukrainian government, ensure accountability and transparency in the use of these funds.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2022 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: