Key Highlights:
Grant Approval: On July 23, the Cabinet of Ministers decided to accept a $3.9 billion grant from the United States. This decision was confirmed by Prime Minister Denys Shmyhal via Telegram.
Funding Through World Bank: The funds will be channeled through World Bank structures, ensuring proper management and distribution.
Usage of Funds: According to Prime Minister Shmyhal, the grant will be utilized to pay the salaries of rescue workers, teachers, and doctors, as well as to support social programs.
Expected Receipt: The funds are anticipated to be received in the near future, providing timely support for critical sectors in Ukraine.
Additional EU Financial Support: Recently, Minister of Economy Yulia Svyridenko signed a Financial Agreement with the European Union, securing €5.27 billion in grant aid over the next four years.
Conclusion
The approval of the $3.9 billion grant from the US marks a significant step in supporting Ukraine's essential services and social programs. This financial aid, alongside support from the EU, will bolster Ukraine's efforts in maintaining stability and growth.
