The U.S. Agency for International Development (USAID), in consultation with the U.S. Department of State, submits this second report pursuant to section 1302(c) of the Ukraine Supplemental Appropriations Act, 2023 (Public Law 117-180, Div. B)(FY 2023 USAA), which reads as follows:
(c) The Secretary of State or the Administrator of the United States Agency for International Development, as appropriate, shall report to the appropriate congressional committees on the uses of funds provided for direct financial support to the Government of Ukraine pursuant to subsection (a) not later than 45 days after the date of enactment of this Act and every 45 days thereafter until all such funds have been expended: Provided, That such report shall include a detailed description of the use of such funds, including categories and amounts, the intended results and the results achieved, a summary of other donor contributions, and a description of the efforts undertaken by the Secretary and Administrator to increase other donor contributions for direct financial support: Provided further, That such report shall also include the metrics established to measure such results.
Russia’s war on Ukraine has brought Ukraine’s economy to a halt, cutting off essential revenue streams for the Government of Ukraine (GOU). According to IMF and World Bank estimates, Russia’s war against Ukraine may cause an economic contraction in Ukraine of up to 45 percent in 2022. According to the GOU, its monthly budget shortfall is estimated to be $5 billion.
