Ukraine gets $1.5B grant from United States & More Trending News

 

Ukraine’s state funds has obtained a $1.5 billion grant from the United States, which shall be used for pension funds and sure packages for state social help.

That’s based on the press service of the Ukrainian Finance Ministry, Ukrinform stories.

“This is the first tranche of a $4.5 billion grant that was provided by the United States through the World Bank’s Trust Fund under the Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) Project,” the report reads.

It added that the raised funds from the Multi-Donor Trust Fund could be used for pension funds and sure packages for state social help, equivalent to funds housing and utility providers, help for low-income households, disabled youngsters and people disabled from childhood, IDPs, in addition to cost for medical providers underneath the medical ensures program, and many others.

On November 24, Ukraine’s Minister of Finance Serhiy Marchenko and World Bank Regional Country Director for Eastern Europe (Belarus, Moldova and Ukraine) Arup Banerji signed an settlement on disbursing a $4.5 billion grant to Ukraine.

Ukraine gets $1.5B grant from United States

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Ukraine gets $1.5B grant from United States

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Ukraine gets $1.5B grant from United States

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