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KYIV (Reuters) – Ukraine has acquired a $3.9 billion grant from america through the World Financial institution, Ukrainian Prime Minister Denys Shmyhal stated on Monday.
“That is the primary tranche of direct finances assist from america in 2024. In complete, Ukraine will obtain $7.8 billion in direct budgetary help from america this 12 months, which is able to enable us to confidently go this monetary interval,” Shmyhal stated on the Telegram messaging app.
The Ukrainian finance ministry, in a separate assertion, stated the funds could be directed in direction of wages for academics, workers of the State Emergency Service and different public workers, in addition to help for displaced individuals, low-income households and other people with disabilities.
“The grant will assist the Authorities of Ukraine to reimburse precedence social and humanitarian expenditures with out rising the debt burden,” Finance Minister Serhiy Marchenko stated in a press release.
The ministry stated that since February 2022, direct finances assist from america had reached nearly $27 billion, the most important supply of economic help to Ukraine. Marchenko stated the grant was part of a big $60 billion package deal of assist for Ukraine.
(Reporting by Pavel Polityuk; Modifying by Toby Chopra and Peter Graff)
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