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United States Agency for International Development announced on Monday that it would provide an additional $4.5 billion to the Ukrainian government, bringing its total budget support to $8.5 billion since Russia's February invasion.
According to USAID, the agency for international development, the money will be coordinated with the US Treasury Department through the World Bank, starting with his $3 billion payment in August, which will be split and sent to the Ukrainian government.
This follows previous transfers of $1.7 billion in July and $1.3 billion in June, according to USAID. Washington has also provided billions of dollars in military assistance and is planning a new billion-dollar arms package soon. U.S. funds help Ukrainian government maintain essential functions, including social and financial assistance to growing poor, children with disabilities, and millions of internally displaced people as war drags on It is for
Ukrainian officials estimate the country faces a $5 billion monthly budget deficit (2.5% of pre-war gross domestic product) due to war costs and reduced tax revenues. . Economists say Ukraine's annual deficit will balloon to 25% of her GDP, compared to her 3.5% before the conflict.
The World Bank estimates that 55% of Ukrainians will be living in poverty by the end of 2023 as a result of the war and large numbers of displaced persons. Previously it was 2.5%. Beginning of war.
USAID said that with US budget support, the Ukrainian government will be able to keep gas and electricity flowing to hospitals, schools, and other critical infrastructure, and to deliver urgently needed humanitarian aid to its citizens. said to have become
This funding also goes to health care workers, teachers and other civil servants.
USAID has strong oversight bodies built into the World Bank and the USAID-funded Ukrainian government to ensure funds are directed where they are intended. It said protective measures were in place.
"The United States remains committed to supporting Ukraine and its people in the wake of Russia's provocative and unjust war," she said in a USAID statement.
Millions of Ukrainians forced out of their homes as new cash infusion into Ukraine follows six months of what Russia calls a "special military operation." , officials warn of possible gas shortages in winter.
USAID is an independent federal agency that receives comprehensive foreign policy guidance from the Secretary of State.
(Reporting by Andrea Shalal; Editing by Heather Timmons and Howard Gawler)
