The World Bank on Monday announced an additional $4.5 billion in aid for Ukraine, with funds provided by the United States, to help the government meet "
urgent needs caused by the war
" .
.
This additional aid must in particular enable the government and local authorities to cover social, pension or health expenditure, specifies the World Bank.
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The aid will be disbursed in installments to the Ukrainian government, with a first disbursement of $3 billion this month, the US Treasury Department said.
"
Ukraine needs continued government services, including health, education and social protection, to prevent further deterioration of living conditions and poverty
," said World Bank President David Malpass. .
"
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.
The USA-Russia standoff in the background
This brings the total amount of emergency financial aid mobilized for Ukraine by the institution to nearly $13 billion, of which more than $6.3 billion had been disbursed by 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
," commented Joe Biden's US Treasury Secretary, Janet Yellen.
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The US Pentagon also announced on Monday a new tranche of military aid to Ukraine for an amount of one billion dollars.
As a reminder, Ukraine was invaded by Russia on February 24.
And the war, which drove millions of Ukrainians to emigrate, plunged the country into a deep recession.
