US extends $1.25 billion in grant financing to Ukraine

·1 min read
The US supports the Ukrainian budget during the war
The US supports the Ukrainian budget during the war

The grant came through the World Bank as part of the Public Expenditures for Administrative Capacity Endurance (PEACE) in Ukraine project.

Read also: USAID audit found no serious violations related to Ukraine aid

The ministry noted that the funds will be used to ensure partial reimbursement of state budget expenses: pension payments, support for certain social security programs (assistance to internally displaced persons, in particular), as well as civil servant, first responder, and teacher salaries.

Since Russia's full-scale invasion, Ukraine has received $15.5 billion in grants from Washington.

Read also: Group of creditors of Ukraine ready to grant deferral of payments, says Ukrainian financier

On March 29, acting Inspector General of the United States Agency for International Development (USAID) Nicole Angarella said that a recent audit didn’t reveal any major irregularities related to U.S. financial and military assistance to Ukraine.

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Read the original article on The New Voice of Ukraine