The US will allocate $4.5B in additional financing for Ukraine.
The World Bank Group today announced $4.5B in additional financing mobilized for Ukraine under the Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE), reported the World Bank. The project is designed to help the Government of Ukraine meet urgent needs created by the ongoing war. The financing package is comprised of a $4.5B grant provided by the US. The additional financing will help the Government of Ukraine to cover social payments, healthcare services, and pensions, which are essential for the well-being of the country’s citizens and mitigating the social and economic impact of the war.