Olivier Matthys/Pool via REUTERS Acquire Licensing RightsKYIV, Oct 11 (Reuters) - Ukraine received a $1.15 billion grant from the United States on Wednesday as part of the PEACE in Ukraine program, the Ukrainian finance ministry said.
The PEACE (Public Expenditures for Administrative Capacity Endurance) in Ukraine project has been the World Bank's flagship financing instrument for Kyiv during Russia's war on Ukraine.
"In 2023, Ukraine has already received $10.9 billion in direct budget support from the United States in the form of grants," the finance ministry said.
The project aims to compensate state budget expenditures in the social and humanitarian spheres, and is not intended for security or defence, the ministry said.
The U.S. government has this year allocated $10.9 billion to finance Ukraine's state budget, it said.
Persons:
Defense Lloyd Austin III, Volodymyr Zelenskiy, Olivier Matthys, Serhiy Marchenko, Yuliia Dysa, Timothy
Organizations:
Defense, Ukraine Defense Contact, NATO Defense, REUTERS Acquire, Rights, Timothy Heritage, Thomson
Locations:
Ukraine, Brussels, Belgium, United States, Ukrainian, U.S