The funds will be used to address key development challenges in Ukraine.
The United States will allocate US$155 million in additional support to Ukraine, the U.S. Embassy in Ukraine says.
"The United States announced today that it will provide US$155 million in additional development funding to Ukraine through the U.S. Agency for International Development (USAID). In close partnership with Ukraine, USAID will work to improve the lives of the Ukrainian people," the U.S. Embassy said in a statement on April 20.
The additional resources will be used to address key development challenges in Ukraine. In particular, US$34 million is allocated for expanding the country's economic growth and improving Ukrainians' health.
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In addition, US$14 million will be used to enhance anti-corruption efforts, strengthen reforms and safeguard anti-corruption institutions to counter entrenched interests and ensure all of Ukraine's resources benefit the Ukrainian people; reduce corrupt practices in the health sector and facilitate Ukraine's purchases of vital medicines to reduce informal payments by patients and provide access to less expensive, quality medicines; and support the continued development of online e-government platforms that simplify access to services and streamline how Ukrainians receive their pensions, unemployment benefits, and more.
Also, US$63 million is allocated to counter Russian aggression, protect human rights and ensure access to justice for the Ukrainians affected by Kremlin-backed aggression in Crimea and Donbas; reduce Ukraine's energy and economic dependence on Russia by advancing connections to Europe's energy grid and strengthening businesses in the East; and expand citizen access to high-quality, unbiased information to counter malign influence and disinformation, support European integration, and strengthen democratic processes.
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IMF assistance for global economic recovery
The International Monetary Fund is discussing the possibility of allocating Special Drawing Rights (SDRs) in the amount of US$650 billion to revive global economy post coronacrisis.
According to IMF Managing Director Kristalina Georgieva, such assistance will provide additional liquidity to the global economic system by replenishing reserve assets of 190 member countries.
IMF and Ukraine