The World Bank announced this Monday an additional aid of 4,500 million dollars for Ukrainewith funds provided by the United States, to help the government meet “urgent needs created by the war.”
This additional support will help kyiv pay social, pension or health expenses, key to easing the economic impacts of the Russian invasion, the bank said in a statement.
The amount will be delivered in installments to the Ukrainian government, with a first disbursement of 3,000 million dollars in August, according to another statement from the United States Department of the Treasury.
“Ukraine needs continuous government services, including health, education and social protection to prevent further deterioration of living conditions and poverty,” said the president of the world BankDavid Malpass, quoted in the statement.
“We are grateful to the United States and our partners for their continued support … and for the generous grant that will greatly support the people of Ukraine,” he added.
This new aid brings to almost 13,000 million dollars the emergency financial assistance that the World Bank has granted to Ukraineof which more than 6,300 million were disbursed at the end of July.
“This economic aid is essential to support the Ukrainian people as they defend their democracy in the face of the Russian war,” said Treasury Secretary Joe Biden, Janet Yellenquoted in the press release.
Also on Monday, the Pentagon announced a new $1 billion military aid package, including more missiles for US Himars precision artillery systems.
Ukraine was invaded by Russia on February 24. The war plunged the country into a deep recession and displaced millions of Ukrainians.
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