Foreign partners provided Ukraine with UAH 495 billion in 2022 to cover priority expenditures through World Bank’s PEACE project

The Ministry of Finance of Ukraine publishes detailed information on the State Budget expenditures of 2022, which were reimbursed by the foreign partners under the World Bank’s Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE in Ukraine) Project.

The purpose of the PEACE in Ukraine Project is to partially compensate for state budget expenditures, including social and humanitarian expenditures not related to the security and defense sector.

So, international donors have provided Ukraine with USD 14.5 billion under the PEACE Project to reimburse priority expenditures in 2022:

• the United States – USD 11.7 billion (grants);
• the World Bank – USD 1.22 billion (loans);
• the United Kingdom – USD 1 billion (guarantees);
• Italy – USD 200.5 million (loan);
• Germany – USD 51.5 million (grants);
• Spain – USD 50.1 million (grants);
• Finland – USD 21.3 million (grant);
• Ireland – USD 21.1 million (grant);
• Switzerland – USD 10.3 million (grant);
• Belgium – USD 3.1 million (grant);
• Lithuania – USD 3.2 million (grant);
• Iceland – USD 1.6 million (grant);
• Denmark – USD 30.9 million (guarantees).

In total, in 2022, Ukraine received UAH 495.2 billion in external financing under the Project, including financing:

• Pensions for more than 9 million pensioners (UAH 199.5 billion);
• Assistance for 1.6 million internally displaced persons (UAH 40.5 billion);
• Housing subsidies for 1.6 million families (UAH 15.9 billion);
• Childbirth assistance for 750,000 families (UAH 8.9 billion);
• Salaries for 515,000 healthcare workers (UAH 45.2 billion), 503,000 school teachers (UAH 69.9 billion), 140,000 teachers of higher education institutions (UAH 18.5 billion).

More details are available on the website of the Ministry of Finance.