Ukraine gets $1.5b in grant aid from US

0 Comment(s)Print E-mail Xinhua, December 4, 2022
Adjust font size:
A damaged building is seen after explosions in Kyiv, Ukraine, Oct 10, 2022. [Photo/Xinhua]

Ukraine received $1.5 billion in grant aid from the United States mobilized by the World Bank, the Ukrainian Finance Ministry said Friday on Facebook.

The funding is the first tranche of the additional grant financing worth $4.5 billion provided by the US government to Ukraine under the World Bank's Public Expenditures for Administrative Capacity Endurance in Ukraine project, the ministry said.

The financing will be used for paying pensions for the elderly, social assistance, covering expenditures on medical services, and other payments, it said.

The World Bank has mobilized close to $17.8 billion in emergency financing to support Ukraine amid the economic impacts of the Russia-Ukraine conflict, according to the bank's website.

Out of this sum, 11.4 billion of financing has been disbursed.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter