Ukraine received a $1 billion grant from the United States, which for the first time is financed by revenues from frozen Russian assets. About this reported Ministry of Finance of Ukraine.
“The state budget of Ukraine received a grant of 1 billion dollars from the United States of America within the framework of the World Bank Program under the second loan to support the development policy “Basics of Growth” (DPL)”, – the message says.
The grant was part of the US contribution of $20 billion to the G7 ERA initiative, which totals $50 billion. This is the first tranche from the World Bank fund aimed at investments to strengthen the financial system of Ukraine.
“For the first time, Ukraine receives funds that will be financed from the revenues from the frozen assets of the Russian Federation. I am grateful to the USA for quick decision-making and willingness to find new mechanisms to support Ukraine.” – noted Minister of Finance of Ukraine Serhiy Marchenko.
The DPL program is aimed at supporting key reforms in Ukraine related to strengthening economic policy, ensuring sustainable development, reforms in railway infrastructure, customs and tax spheres, fighting corruption, state-owned enterprises and stimulating the development of the private sector.
All funds were credited to the general fund of the state budget of Ukraine as a single tranche after completing the necessary tasks.
