Ukraine to spend $6 billion grant on social programs

10 February, 10:03 PM
Denys Shmyhal announced agreements with the United States (Photo:Denys Shmyhal/Facebook)

Denys Shmyhal announced agreements with the United States (Photo:Denys Shmyhal/Facebook)

The Ukrainian government has approved a plan to utilize a U.S. grant of $6 billion, looking to fund education, healthcare, and social security in the country, PM Denys Shmyhal said on Feb. 10, as reported by news agency Interfax-Ukraine.

“Today, the government will approve the decision to use a grant from the United States in the amount of $6 billion,” Shmyhal said.

“These are funds that we will spend on social programs, education, and medicine.”

The grant will come through a donor fund administered by the International Bank for Reconstruction and Development and the International Development Association.

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“A grant in the amount of $165 million from a number of European countries will also be provided through this fund,” the PM added.

“We will approve the corresponding decisions and authorize the Finance Ministry to sign agreements on these grants."

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