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Denys Shmyhal and Sergii Marchenko met with U.S. Secretary of the Treasury Janet Yellen

Today, on February 27, Prime Minister of Ukraine Denys Shmyhal and Minister of Finance of Ukraine Sergii Marchenko met with U.S. Secretary of the Treasury Janet Yellen.

They discussed Ukraine's financial needs for 2023, sanctions against russia and the rapid recovery. 

Secretary Yellen assured that the U.S. Government will continue to strongly support Ukraine. The United States has already confirmed the intentions to provide Ukraine with USD 9.9 billion of direct budget support in 2023.

Recently, the U.S. announced the provision of USD 9.9 billion in direct budget support to be delivered through September. The first tranche of USD 1.25 billion Ukraine received on Monday, February 27.

"We are grateful to the United States Government for its unwavering support for Ukraine. Thanks to the economic support provided by our international partners, we will be able to maintain the sustainability of the public administration system and ensure priority social expenditures of the State Budget," said Sergii Marchenko.

The U.S. funds are provided under the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE) Project.

The grant will be directed to reimburse State Budget expenditures to provide pension payments, housing subsidies, payments to low-income families, persons with disabilities, IDPs, child support for single mothers, pregnancy and childbirth support, remuneration of employees of higher education institutions, as well as payments to employees of the first response services (State Emergency Service of Ukraine).