Ukraine will receive USD 3.9 billion from the United States. The Minister of Finance has signed the relevant agreement

The State Budget of Ukraine will receive a grant from the United States in the amount of almost USD 3.9 billion. Minister of Finance of Ukraine Sergii Marchenko and World Bank Country Director for Eastern Europe (Belarus, Moldova and Ukraine) Bob Saum signed the relevant agreement.

"The effective operation of the Government, alongside with significant support from international partners, allows to ensure the stability of the financial system in the face of russia's full-scale armed aggression against Ukraine. I am grateful to the United States and the World Bank team for our cooperation, which has resulted in the mobilization of critical financial resources. This is the necessary and appropriate funding to support the liquidity of the state budget," said Minister of Finance of Ukraine Sergii Marchenko.

The financing will be channeled to pay wages to teachers, emergency service personnel, government officials, as well as to support priority social expenditures (payments to internally displaced persons, low-income families and persons with disabilities).

This is the first tranche of direct budget support from the United States in 2024. The planned amount of financial assistance from the United States for the current year is USD 7.8 billion. 

The funds will be received through the project Public Expenditures for Administrative Capacity Endurance (PEACE in Ukraine). The project is a key financial instrument of the World Bank to provide aid to Ukraine. Since the start of russia's full-scale invasion, it has been bringing foreign donors to provide critical support to the Government of Ukraine.

The PEACE in Ukraine project has already attracted over USD 25 billion to the State Budget since June 2022. This agreement will increase the amount of budget support under the project to almost USD 30 billion, of which more than 80% is from the United States.