USA allocates more than $10B in financial aid to Ukraine

The US Department of State, together with the United States Agency for International Development (USAID) and the Finance Ministry, announced more than $10 billion in assistance to Ukraine on February 24, 2023.

Source: The US Department of State

Most of the funds – $ 9.9 billion are allocated by the United States in the form of grants through the World Bank mechanism Public Expenditures for Administrative Capacity Endurance (PEACE).

“These funds are crucial to Ukraine as it defends itself against Russia and ensures the Ukrainian government can continue to meet the critical needs of its citizens, including healthcare, education, and emergency services,” reported the US Department of State.

Additionally, the United States will allocate another $250 million to help Ukraine’s energy system. The funds will help to provide schools, hospitals, as well as homes and shelters throughout Ukraine with electricity and heating.

“This assistance builds on the $270 million the United States has already committed to bolster Ukraine’s energy security over the last year. This support will help Ukraine meet its immediate energy security needs and transform its energy sector to be more secure, resilient, sustainable, and decentralized,” added the US Department of State.

See also: USA announced a new package of military aid to Ukraine worth $2B

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