City
Epaper

Ukraine gets $1.5 bn in grant aid from US

By IANS | Updated: December 3, 2022 08:05 IST

Kiev, Dec 3 Ukraine received $1.5 billion in grant aid from the US mobilised by the World Bank, ...

Open in App

Kiev, Dec 3 Ukraine received $1.5 billion in grant aid from the US mobilised by the World Bank, the Ukrainian Finance Ministry has said 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 was quoted by Xinhua news agency as saying.

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 mobilised 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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: KyivDECUkraineWorld BankThe world bank groupImf-world bank
Open in App

Related Stories

InternationalRussia-Ukraine War: 60 Ukrainian Drones Shot Down Over Moscow in Largest Drone Attack

InternationalDonald Trump Pauses Military Aid To Ukraine Days After Clash With Volodymyr Zelensky

InternationalVolodymyr Zelenskyy Rejects Calls for Immediate Ukraine-Russia Ceasefire, Says 'Failure for Everyone'

MumbaiMumbai Torres Scam: Fugitive Accused Set Up Operations in Bulgaria After Defrauding Indian Investors

MumbaiMumbai: Ukrainian Actor Armen Atain Booked for Forged Birth Certificate in Indian Citizenship Bid

Politics Realted Stories

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill

NationalParliament Passes Waqf Amendment Bill: Two JDU Leaders Resign Over Party's Support