Ukraine receives $1.35 billion grant from US
Фото: AP
Ukraine has received another $1.35 billion grant from the United States, which will be allocated to priority social and humanitarian expenses in the state budget. Since the start of the full-scale war, international direct financing for Ukraine's budget has surpassed $100 billion.
This is reported by the Ministry of Finance, Rubryka writes.
These funds will cover essential payments, including teachers' salaries. In total, international support for Ukraine's budget has now reached a record $100 billion. In 2024, the United States has provided $7.8 billion in budget support to Ukraine, of which $5.2 billion has already been received.
The US transfers these funds through the US Agency for International Development (USAID) in cooperation with the US Department of the Treasury and the State Department. The funding reaches Ukraine's budget via the World Bank's PEACE in Ukraine project.
"Since February 2022, direct budget support from the United States has reached USD 28.2 billion, marking the largest financial assistance to Ukraine from any country in the world. This strong partnership with the US aids the Government of Ukraine in maintaining financial stability and supporting its citizens with essential public services, such as education and rescue services, at the time of Russia's aggression. I am grateful to the leadership and taxpayers of the United States for this critically needed assistance amid the full-scale war," stated Ukrainian Finance Minister Serhii Marchenko.
As of November 13, according to Yaroslav Zhelezniak, the total volume of international direct financing for Ukraine's budget since the start of the war has exceeded $100 billion. "With the $1.35 billion received today from the US, the total now stands at $100.79 billion," the deputy noted.
Additionally, the International Monetary Fund (IMF) mission, which will work on preparing the sixth revision of Ukraine's economic program, began its work in Ukraine on November 11. National Bank of Ukraine head Andrii Pyshnyi described the interaction with the IMF as "resembling a sprint pace on a marathon distance" and confirmed the NBU's readiness for the upcoming program review.
In October, the IMF updated Ukraine's economic outlook based on different scenarios for the war's duration and intensity. The baseline scenario forecasts the war ending by the end of 2025, whereas the negative scenario predicts continued heavy fighting and a war conclusion by mid-2026, with economic decline in 2025 and stagnation in the years following.
