US to Give Ukraine $4.9 Billion in Budget Support

Dollar bills are deposited in a tip box, May 24, 2021 in New York.InternationalIndiaAfricaWASHINGTON (Sputnik) – The United States plans to provide Kiev with an additional $4.9 billion in aid in September, the US State Department informs. “The United States has provided $18 billion in budget support to the Government of Ukraine through World Bank mechanisms. An additional $4.9 billion will become available in September. This funding, along with support from the EU, the IMF [ International Monetary Fund] and others, allows the government to provide critical services for its citizens … ,” the State Department said in a Friday statement. According to the release, Kiev authorities have come up with a 10-year reconstruction plan requiring an estimated $750 billion, while the World Bank estimates Ukraine’s reconstruction costs to amount to $411 billion over the next 10 years. MultimediaHow Much Has the US Spent in Ukraine?5 April, 04:28 GMTOn Thursday, Ukrainian Prime Minister Denys Shmyhal said his country was underfunded by $14 billion critically needed for reconstruction and expressed hope that the United States would lead efforts to raise the money. On March 9, 2022, Congress passed legislation to send nearly $14 billion in aid to Ukraine about a month after Russia launched its special military operation there.


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