Ukraine will receive a grant of $4.5 billion from the trust fund of the World Bank

On August 9, 2022, the Minister of Finance of Ukraine Sergii Marchenko and World Bank Regional Country Director for Eastern Europe Arup Banerji signed the $4.5 billion grant Agreement. The grant funds are provided by the United States of America and directed to the World Bank Trust Fund as part of the Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) Project.

A grant from the Trust Fund of $4.5 billion will be directed to provide pension payments and spent on certain programs of state social assistance, such as housing and communal services, support of low-income families, children with disabilities, and people disabled from childhood, IDPs, and medical services under the medical guarantee program, etc.

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