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.
  • AutoTL;DR@lemmings.worldBEnglish
    3·
    11 months ago

    This is the best summary I could come up with:

    KYIV, 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.

    Kyiv is also trying to raise funds to rebuild critical infrastructure, schools, and hospitals damaged during in nearly 20 months of the war.

    The original article contains 187 words, the summary contains 145 words. Saved 22%. I’m a bot and I’m open source!