Ministry of Finance of Ukraine signed a Loan Agreement with Japan International Cooperation Agency for USD 100 million
Today, May 16, 2022, Minister of Finance of Ukraine Sergii Marchenko and President of Japan International Cooperation Agency (JICA) Dr. Akihiko Tanaka signed a USD 100 million loan agreement for Ukraine.
The concessional loan of 13 billion yen, which is the first part of the agreed financial assistance between Ukraine and Japan, will be directed to the state budget to finance priority expenses. First of all, to support the most unprotected population of UkraineSergii Marchenko
The Minister also expressed his gratitude to all Japanese people for their support of Ukraine and help to Ukrainians.
The signed Agreement refers to the budgetary support for the stabilization of the situation in Ukraine, in particular, the provision of priority social, and humanitarian expenditures, health care, support for internally displaced persons, and other priority expenditures.
Loan repayment period – 30 years, including a grace period of 10 years; interest rate – 1% per annum.
On April 28, the Government of Ukraine and the Government of Japan signed an agreement in the form of an exchange of notes on attracting a loan from the Japan International Cooperation Agency to implement a joint project with the International Bank for Reconstruction and Development Supplement Loan For Second Economic Recovery Policy Loan.