On September 21, the state budget of Ukraine received a grant from the United States of America in the amount of USD 1.25 billion through the Multi-Donor Trust Fund of the World Bank.
This is stated in the notification of the Ministry of Finance, Ukrainian News Agency reports.
The funds are part of the fifth additional financing within the framework of the Public Expenditures for Administrative Capacity Endurance (PEACE in Ukraine) project.
The purpose of the project is partial compensation of state budget expenditures, in particular, social and humanitarian expenditures that are not related to the sphere of security and defense. In 2023, Ukraine received USD 9.7 billion in direct budget support from the United States in the form of grants.
The involved financing is directed to reimbursement of state budget expenses: provision of pension payments, payments to employees of the State Emergency Service, salaries of medical workers who provide services under the medical guarantee program, civil servants and teaching staff.
The Ministry of Finance of Ukraine together with the World Bank implements the PEACE in Ukraine Project and ensures the transparency of the attraction and use of funds provided by development partners.
In cooperation with Deloitte Consulting, which implements the USAID SOERA project, the Ministry of Finance is monitoring the use of direct budget support from the US Government, and with the auditing company PriceWaterhouseCoopers Ukraine - an audit according to agreed procedures with the aim of determining the allowable government expenditures made by Ukraine in 2022 within the framework of the Project.
Also, to increase the transparency and accountability of the use of external financing, the Ministry of Finance of Ukraine publishes detailed information on the expenditures of the state budget in 2022 and the first quarter of 2023, which were compensated by foreign partners, including the United States, as part of the World Bank PEACE in Ukraine project.
As Ukrainian News Agency earlier reported, Ukraine is currently implementing a joint project with the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) Public Expenditures for Administrative Capacity Endurance for a total amount of USD 16.5 billion and EUR 1.4 billion (IBRD loans, IDA loans, grants from the Trust Fund of many donors).
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